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Are You Paying Too Much for Rent?
Posted by Matt | Posted in News and Info | Posted on May-6-2009
With the economy getting worse and worse as the months go by, it seems like everyone is now watching every dollar they spend and for good reason. With rent being the largest monthly cost most people incur, I thought this rent calculator site would be of particular interest to those out there that are looking to rent an apartment sometime in the near future.
Rentometer is very basic and easy to use. First enter in whether you are a tenant or landlord, then enter in your address, followed by how much the monthly rent is currently, and lastly how many bedrooms the apartment has. You will then be taken to the results page that displays a meter (that looks similar to a speedometer) that gives you a quick visual as to whether the rent is reasonable or overpriced. At the top of the page it will also tell you what percentage of apartment listings are either priced higher or lower in the surrounding area. And finally on the bottom right hand side there is a Google Maps mashup that displays other apartments in the area.
This site is a great quick reference tool that can be used by anyone out there that is in the market for an apartment and wants to know what the average rent cost in a particular area is and if they’re getting a good deal. After all every dollar counts during these tough economic times.
