Prorated rent is a partial rent payment that covers only the days you actually occupy a unit during a partial month, instead of a full month's rent. It usually applies when you move in or out on a date other than the first or last day of the month. The landlord divides the monthly rent by the number of days to find a daily rate, then multiplies by the days you occupy.
In short
Prorated rent is a partial rent payment that covers only the days you actually occupy a unit during a partial month, instead of a full month's rent. It usually applies when you move in or out on a date other than the first or last day of the month. The landlord divides the monthly rent by the number of days to find a daily rate, then multiplies by the days you occupy.
Without proration you could pay a full month's rent for only a few days of occupancy, which can cost hundreds of dollars. Knowing how the math works lets you confirm your first or last payment is fair and catch overcharges.
Charges you only for the days you occupy the unit
Common when moving in or out mid-month
Daily rate is monthly rent divided by days in the month (methods vary)
Some landlords use a flat 30-day month instead of actual days
Proration is not always legally required, so check your lease
The method used affects the final amount, sometimes noticeably
Divide the monthly rent by the number of days in the month to get a daily rate, then multiply by the number of days you occupy the unit. Some landlords use a flat 30-day month instead.
Not always. Whether proration applies often depends on your lease and local law, so confirm it in writing before you move in.
Yes, if you leave mid-month and your lease or landlord agrees. It is worth negotiating since proration is not automatic at move-out.
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