Prorated Rent Calculator — Calculate Your Partial Month
Moving in mid-month? Enter your rent and move-in day to see exactly what you owe. We show both calculation methods so you know what to expect.
Prorated rent is calculated by dividing monthly rent by the number of days in the month, then multiplying by the days you\u2019ll occupy the unit. The banker\u2019s method uses 30 days regardless of the actual month length.
Frequently Asked Questions
How is prorated rent calculated?
Prorated rent is calculated by dividing your monthly rent by the number of days in the month, then multiplying by the number of days you’ll actually live there. For example, if rent is $1,500 and you move in on the 15th of a 30-day month, you’d pay $1,500 ÷ 30 × 16 = $800.
What is the banker’s method for prorated rent?
The banker’s method divides rent by 30 days regardless of how many days are actually in the month. Some landlords prefer this because it’s consistent. It can be slightly more or less than the daily rate method depending on the month.
Can my landlord refuse to prorate rent?
In most states, landlords are not required to prorate rent unless your lease specifies it. However, most landlords do prorate for partial months at move-in and move-out because charging a full month for partial occupancy is difficult to justify.
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DepositHawk is not a law firm and does not provide legal advice. Information and documents are for informational purposes only. No attorney-client relationship is created. Consult a licensed attorney for advice specific to your situation. Prorated rent calculations are estimates. Your lease agreement determines the actual calculation method.