• AR is the total annual rent ($) • #P is the number of people splitting rent ## How to Calculate Monthly Rent? The following example problems outline how to calculate Monthly Rent. Example Problem #1: 1. First, determine the total annual rent ($). 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 ($) = 30,000 number of people splitting rent = 1 Entering these values and solving gives: Rm = AR / 12 / #P = 2500 ($)