Prorated Rent Calculator

Calculate Prorated Rent





What is Prorated Rent?

Prorated rent is the amount of rent a tenant pays for occupying a rental property for part of a month. It is calculated based on the daily rent rate and the number of days the tenant occupies the property.

Formula

The formula to calculate prorated rent is:

\[ \text{Prorated Rent} = \left( \frac{\text{Monthly Rent}}{\text{Number of Days in Month}} \right) \times \text{Number of Days Occupied} \]

Example Calculation

Consider the following details:

Using the formula:

\[ \text{Daily Rent} = \frac{1500}{30} = 50 \, \text{USD/day} \]

\[ \text{Prorated Rent} = 50 \times 21 = 1050 \, \text{USD} \]