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The Rentometer: How Does YOUR Rent Compare? Print
Tuesday, 27th March 2007 (by J.D.)This article is about House and Home, Money Hacks, Tools
Do you rent a home or apartment? Have you ever wondered if you’re getting a fair shake? Flexo at Consumerism Commentary discovered a handy tool called the Rentometer. Enter your street address and your monthly rent, then the Rentometer tells how your rent compares to others nearby.
(Wow! You folks in California are paying a lot in rent. California dominates the Rentometer top 10 list.)
March 27th, 2007 at 2:18 pm
Suweet! Low is 1501 and Im paying 1600, just confirms I have a great deal.
nice find
March 27th, 2007 at 2:21 pm
Not a great tool if you live in the only “nice” place in the ghetto. I guess not getting robbed every other weekend is an amenity…
March 27th, 2007 at 3:18 pm
Why yes, we are! Thank you for pointing that out ;p
But seriously… I thought New Yorkers were the ones with ridiculous rents? I wonder why that’s not reflected here. Maybe they’d have to break it down by square footage.
March 27th, 2007 at 3:22 pm
Interesting little tool… except they don’t factor in # of bathrooms. My rent is considered right in the median of 2 bedrooms in my area (read: ghetto). And that’s nice and all, especially since I consider the rent to be ridiculously CHEAP for the size and quality of our apt, but looking at the prices of the other 2 bedrooms in the area, I HIGHLY doubt that they have a spacious 2 bedroom/2 bath. Apparently # of bathrooms in California make quite a difference ($300+) in price.
It would also be nice to compare surrounding neighborhoods/towns/etc. “Los Angeles” (which is more than just the city of) is large, I’d like to see how my rent in North Hollywood compares to rest of “Los Angeles.”
March 27th, 2007 at 3:27 pm
And a note about California dominating the Top 10… Malibu, Bel Air, Belvedere, Pacific Palisades, Newport Coast… those are all luxury apartments and/or mansions I’m sure.
March 27th, 2007 at 4:59 pm
Well — either I’m paying slightly below average or way too much for my area (Denver CO metro area; I don’t have a Denver address but living in a neighboring city.)
I’m paying $870. The median for a 2 bedroom is 902, for a 1 bedroom is 575 (where?? seems low). The issue? I have a 1+”den” (aka, two bedrooms but one is closetless.)
I’m neither in a ghetto nor in the ritzy area, but it’s a respectable neighborhood. It’s advertised as a “luxury” apartment complex but that was when it was newer; now it’s still one of the nicer properties in the area but showing a few wrinkles.
March 27th, 2007 at 5:57 pm
Interesting tool, but I’d do a little more due diligence if you were going to take action about your rent. I’d use it as springboard point to see if you want to look into your situation further.
-limeade
http://fiscalmusings.blogspot.com
March 28th, 2007 at 3:58 am
There’s a similar online tool for comparing salaries, called Payscale.
March 28th, 2007 at 5:27 pm
Even after they raised our rent by $104/month it’s still below average?? I don’t think so.
January 18th, 2008 at 7:24 am
there is a new tool now that shows you rental information, it is kind of like rentometer, but gives you history data as well
http://www.zilpy.com