How much rent should I charge for my house?
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Q:

How much rent should I charge for my house?

A:

Quick Answer

According to SFGate, the amount of rent that should be charged is dependent on the home's value. The typical rate for monthly rent is between 0.8 and 1.1 percent of the home's value. For example, a house worth $300,000 should have a rent ranging from $2,400 to $3,000 per month.

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Full Answer

SFGate states that it is inadvisable to charge less than 1.1 percent for homes valued at less than $100,000. For homes valued above $125,000, the rent should not be less than one percent of the home's value. The more expensive the home, the lower the percentage of the home's value that is used in the calculation. This is because the higher the rent is, the fewer renters there are who can afford it.

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