Free tool
Apartment Proration Calculator
Ever see "8 Weeks Free" or "2 Months Free" and wonder what that actually means? You're not alone.
This calculator shows what you'll actually pay on average each month — so you can compare apartments fairly.
What is Proration?
Think of it like this…
Apartment communities advertise specials like:
- 8 Weeks Free
- 2 Months Free
- $5,000 Off
Instead of paying the full advertised rent every month, those discounts lower your average monthly cost. That average is called your Net Effective Rent.
It's the number that matters when comparing apartments.
Real Example
Apartment A
Monthly Rent
$2,300
Special
2 Months Free
Average Monthly
$1,946/mo
You still sign a lease for $2,300/mo. But because of the free rent, it's like paying $1,946 each month on average over your lease.
Calculator
Try it with your apartment
Only asks for what you actually know. Pick how your special is written and go.
A quick note
Net Effective Rent is for comparison purposes only. Most apartment communities still require your full monthly rent payment unless they specifically apply free rent to certain months. Always confirm how concessions are applied with the leasing office.