Enter the total annual rent ($) and the number of people splitting rent into the calculator to determine the Monthly Rent.

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## Monthly Rent Formula

The following formula is used to calculate the Monthly Rent.

Rm = AR / 12 / P

- Where Rm is the Monthly Rent ($)
- AR is the total annual rent ($)
- P is the number of people splitting rent

To calculate the monthly rent, divide the annual rent by 12, then divide by the number of people splitting the rent.

## How to Calculate Monthly Rent?

The following example problems outline how to calculate Monthly Rent.

**Example Problem #1:**

- First, determine the total annual rent ($). In this example, the total annual rent ($) is given as 40,000.
- Next, determine the number of people splitting rent. For this problem, the number of people splitting rent is given as 2.
- Finally, calculate the Monthly Rent using the equation above:

Rm = AR / 12 / #P

The values given above are inserted into the equation below:

Rm = 40000 / 12 / 2 = 1666.66 ($)

**Example Problem #2: **

The variables needed for this problem are provided below:

total annual rent ($) = 30,000

number of people splitting rent = 1

Entering these values and solving gives:

Rm = AR / 12 / #P = 2500 ($)