Enter the total rent ($) and the total square footage (ft^2) into the calculator to determine the Rent Per Square Foot. 

Rent Per Square Foot Formula

The following formula is used to calculate the Rent Per Square Foot. 

R/SQFT = TR / SQF
  • Where R/SQFT is the Rent Per Square Foot ($/ft^2)
  • TR is the total rent ($) 
  • SQF is the total square footage (ft^2) 

To calculate the rent per square foot, divide the total rent by the total square footage of livable area.

How to Calculate Rent Per Square Foot?

The following example problems outline how to calculate Rent Per Square Foot.

Example Problem #1:

  1. First, determine the total rent ($). In this example, the total rent ($) is given as 5000.
  2. Next, determine the total square footage (ft^2). For this problem, the total square footage (ft^2) is given as 1100.
  3. Finally, calculate the Rent Per Square Foot using the equation above: 

R/SQFT = TR / SQF

The values given above are inserted into the equation below:

R/SQFT = 5000 / 1100 = 4.54 ($/ft^2)

Example Problem #2: 

The variables needed for this problem are provided below:

total rent ($) = 6000

total square footage (ft^2) = 1750

Entering these values and solving gives:

R/SQFT = 6000 / 1750 = 3.428 ($/ft^2)