Enter the rent of property 1 ($), the rent of property 2 ($), and the rent of property 3 ($) into the calculator to determine the Average Rent.

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## Average Rent Formula

The following formula is used to calculate the Average Rent.

Rave = (RP1 + RP2 + RP3) /3

- Where Rave is the Average Rent ($)
- RP1 is the rent of property 1 ($)
- RP2 is the rent of property 2 ($)
- RP3 is the rent of property 3 ($)

To calculate the average rent, sum the rent of all properties, then divide by the number of properties.

## How to Calculate Average Rent?

The following example problems outline how to calculate Average Rent.

**Example Problem #1**

- First, determine the rent of property 1 ($). In this example, the rent of property 1 ($) is given as 5000 .
- Next, determine the rent of property 2 ($). For this problem, the rent of property 2 ($) is given as 6000 .
- Next, determine the rent of property 3 ($). In this case, the rent of property 3 ($) is found to be 6500.
- Finally, calculate the Average Rent using the formula above:

Rave = (RP1 + RP2 + RP3) /3

Inserting the values from above yields:

Rave = (5000 + 6000 + 6500) /3 = 5833.33 ($)

**Example Problem #2**

The variables needed for this problem are provided below:

rent of property 1 ($) = 3000

rent of property 2 ($) = 2350

rent of property 3 ($) = 3500

Entering these values and solving gives:

Rave = (3000+ 2350 + 3500) /3 = 2950** **($)