Profile picture for mtiernan

how should i set a rent for an apartment

  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
January 19 2011 - US
We think we've answered this question for you!
  • Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.
 
 

Answers (6)

Local classified ads, local leasing companies, loopnet.com (commercial), for rent (your zip code) search.  If you do not know the area, you will need to drive by the comparable properties to make sure they are "comparable"- would someone wanting to rent your home also consider this home (which you have an advertised rental rate).

Good Luck
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
August 08 2013
Profile picture for user4733939
There are detailed resources online to help you determine what competitive rent is in your market - while Zilpy is now defunct, Rent-o-meter still exists, and RentMetrics offers similar functionality but with more detailed data and pictures.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
July 28 2013
Profile picture for sunnyview
You can try looking at rents for comparable units on craigslist, rent-o-meter or zilpy. You can also call local agents or property managers since they can also help you set a fair rental value based on their experience. You want a rent low enough so that you get enough applications to choose from, but not too low to encourage applicants with issues.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
January 20 2011
Look around your area and see what the rents are for similar porperties in similar locations. That should give you some idea as to what the market will bare.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
January 20 2011
Mtiernan,


If you are in a well populated area, I like to scan craigslist to gauge what it seems rentals are going for in your area. You can also call a local Realtor to give you a good range of prices. The best way you can learn the price however, is to post it for rent. If you get very few calls, it's likely over-priced. If the phone doesn't stop ringing, you've probably priced it too low. Always scan your tenants!! It is better to leave the apartment vacant than to have a terrible tenant! 
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
January 19 2011
Typically, the value of anything is set by the supply and demand of the market.  Compare your rental to others available in the immediate area, then make adjustments for condition, size, #BRs and #Bths, etc. Just a hint:  it is ususally better to offer your property at slightly less than market to attract a good, stable tenant, which is more important in the long run.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
January 19 2011
 
Related Questions
How do I change the pricing history on my home?
Profile picture for wade.appel
Latest answer by wade.appel
1 hour 50 minutes ago | 2 answers
  • Asked by wade.appel
  • In Landlords
  • September 19 2011
what is the best site to use for tenant screening?
Profile picture for scoutdad76
Latest answer by scoutdad76
July 07 | 47 answers
  • Asked by user41342498
  • In Landlords
  • January 09 2013
Things to Bring With You When You Show a Property to a Prospect
Profile picture for wetdawgs
Latest answer by wetdawgs
July 06 | 2 answers
  • Asked by RoyalRoseProperties
  • In Landlords
  • July 06
Be A Good Neighbor

Zillow Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy.