Grant’s direct answer
Subtract the exact concession value from total base rent for the lease, then divide by the lease months. A $2,000 apartment with one month free on a 12-month lease has a simplified effective base rent of $1,833.33.
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Read the fuller guide
- Houston Apartment Pricing, Rent Specials and Hidden Fees Explained · Editorial source guide
- How to Compare Apartment Rent Specials and Net-Effective Rent · Related topic
Related questions
- What is net-effective rent?
- How does lease length change net-effective rent?
- Is net-effective rent the amount I pay every month?
- What costs should be added to net-effective rent?
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