Finance

Prorated Rent Calculator

Find rent for a partial month.

Calculated Output

Prorated rent ($) 500

Daily rate ($) 50

Formula: prorated = monthly ÷ days in month × days occupied

Step-by-Step Breakdown

1. Values used:

2. Monthly rent = 1,500 $

3. Days occupied = 10

4. Days in month = 30

6. Monthly rent x Days occupied = 1,500 x 10 = 15,000

7. Prorated rent = (Monthly rent x Days occupied) / Days in month = 15,000 / 30 = 500$

8. Daily rate = 50$

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The math behind it

daily rate = monthly rent ÷ days in month; prorated = daily rate × days occupied.

$1,500/mo, 10 of 30 days → $500.

Which day count?

Some use the actual days in the month; others use a flat 30.