Grant’s direct answer
Subtract the exact concession value from total base rent over the lease, then divide by lease months. Payment timing may differ, so treat effective rent as a comparison figure unless the property prorates it.
Explore related apartment guides and city and neighborhood information. Rental prices, availability, office locations and incentives can change; confirm time-sensitive details before making a decision.
Put this answer into your apartment plan
Read the fuller guide
- Austin Apartment Pricing, Concessions and 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?
- What costs should be added to net-effective rent?
Ready to use this advice?
Choose the step that fits where you are in your search.
Comparing apartment prices?
Put two written quotes side by side, including fees and free-rent credits.
Compare my apartment quotes →Free worksheet · no signupNeed a neighborhood shortlist?
Start with your city, budget, workplace and the lifestyle you want.
Start my guided apartment search →Ask Grant helps you narrow the choicesHave a specific question?
Send Grant the question you still need answered about your move.
Send Grant my question →Use the help form for a personal replyMoving soon? Calculate your upfront cash and monthly budget →