Prorated Rent Calculator
Calculate the prorated rent amount for partial months. This calculator helps determine the exact rent due when your move-in date doesn't fall on the first of the month.
Prorated Rent Calculation
Payment Breakdown
Full Month Comparison
Understanding Prorated Rent
Prorated rent is the partial payment charged when you move into a rental property on a date other than the first of the month. Instead of paying a full month's rent for only a few days of occupancy, prorated rent ensures you only pay for the exact number of days you'll be living in the property.
How Prorated Rent is Calculated
Prorated Rent = (Monthly Rent ÷ Days in Month) × Days Occupied
Proration Methods
- Daily Proration: Calculates based on actual calendar days in the month
- Calendar Days: Same as daily proration, using actual days
- 30-Day Month: Assumes every month has 30 days for simplicity
Example Calculation
If your monthly rent is $1,500 and you move in on March 15th:
- March has 31 days
- You'll occupy 17 days (15th through 31st)
- Daily rate = $1,500 ÷ 31 = $48.39
- Prorated rent = $48.39 × 17 = $822.58
When is Prorated Rent Used?
- Move-in Date: When you start your lease mid-month
- Move-out Date: When you end your lease before month-end
- Lease Changes: When rent amount changes during the month
- Partial Occupancy: For seasonal or temporary rentals
Important Considerations
- Lease Terms: Check your lease for specific proration policies
- Utilities: Some utilities may also be prorated
- Security Deposits: Usually collected in full regardless of move-in date
- Payment Timing: Prorated rent is typically due with first month's payment
State Laws and Regulations
Prorated rent calculations can vary by state and local laws. Some jurisdictions have specific rules about how rent must be prorated, especially for security deposits and last month's rent. Always check your local tenant laws and consult your lease agreement.
Tip: When negotiating your lease, ask about the landlord's proration policy. Some landlords may round up to the nearest dollar or use different calculation methods. Understanding these details upfront can help you budget accurately.