Market Rent


Definition of "Market rent"

Penny Papadatos
Penny Papadatos Versatile Real Estate Solutions, LLC

Rent that a comparable property would mandate in a given real estate rental market. Market rent is a competitive rate based on rents other comparable properties receive. For example, in a given real estate rental market a one bedroom garden apartment with a kitchen and living room rents for $850 per month.

Have a question or comment? We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

 

Popular Real Estate Terms

Economic Rent

The amount of rent a property could command in the open market. See also market rent. ...

Fair Market Rent

The rent a property commands in a free and open market setting. ...

Tenure In Land

Classification of one's ownership rights in land. One way either buy the land and own all rights to it or lease it where one's rights are described in ...

Seizin

Individual who enjoy a freehold land right. ...

Deferred Interest Mortgages

Financing technique aimed at those people who only plan to live in a house for a short time. Under this mortgage, a lower interest rate and, thus, a ...

Estate For Life

Having an interest in property for the duration of one's life after which the title reverts to another party. ...

Popular Real Estate FAQ

What Is An Inspection?

An inspection is a close and thorough examination of a house and property. A licensed individual usually does the inspection. ...

What Is Underwriting?

Underwriting is the process of evaluating a loan to determine whether the loan is a good risk. ...

What Is The Difference Between Being Prequalified And Preapproved For A Loan?

The difference between being prequalified and preapproved is simple: If you\'re prequalified it means that you POTENTIALLY could get a loan for the ...

What Does Preapproved Mean?

When you are preapproved, you have a definite commitment from a lender ...

What Is An Investment Property?

An investment property is a property you purchase with the intension of using it as a rental income or for investment purposes rather than to live in. ...

What Is A Buyer’s Agent?

An agent hired by buyers to help them find and negotiate the purchase of a home. This agent works for the best interests of the buyers, not the seller ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

Down Payment: Everything You Wanted to Know Luxury Real Estate Forecast Furnished Rental Tips for Real Estate Investors How to Buy a House Quickly What is a Credit Score and How Does it Impact Real Estate?

FAQ

What is a Good Faith Estimate? What do I need to know about Managed Care Insurance: HMO, PPO, & and POS plans? What Will My ARM Loan Payment Be ? What is a APR Loan? What do I need to know about Business Insurance?