Planning a unit's rent and comparing costs
Use the rent planning worksheet to set out a unit's costs, compare nearby rentals, and see the surplus at the rent you are considering.
Before you set or change the rent for a unit, or when you want to check whether a rent covers your costs.
A property's page → a unit → Plan rent & compare costs.
What the worksheet does
The worksheet adds up the monthly costs you allocate to a unit: mortgage payment, property tax, insurance, condo fees, owner-paid utilities, a maintenance reserve, a management fee and any other costs. With a vacancy allowance and the surplus you want, it shows the break-even rent and the rent needed for that surplus.
Comparable rentals
Add rentals you have found nearby with their asking rent, a source link and the date you saw them. Note differences such as parking, utilities or furnishings. Older observations are excluded from the range, and RentMouse warns you when there are too few comparisons to rely on.
The comparison is evidence you gathered, not a market survey. Use it alongside your own judgement.
Save your assumptions
Save the planning assumptions to come back to them later. They do not change the rent on any lease.
Legal note
- Whether, when and by how much the rent on an existing tenancy may be increased. The worksheet helps you plan; it does not decide what you are allowed to charge.