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

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:

  1. First, determine the total annual rent ($). In this example, the total annual rent ($) is given as 40,000.
  2. Next, determine the number of people splitting rent. For this problem, the number of people splitting rent is given as 2.
  3. 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 ($)