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) 

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)