Lease Comparison Calculator
Compare two lease options side-by-side to find the better deal
Lease A
Lease B
How to Compare Rental Leases
When comparing rental properties, it's important to look beyond just the monthly rent. Our lease comparison calculator helps you evaluate the true cost of each option by factoring in:
- Base Rent: The monthly rental payment
- Utilities: Electricity, gas, water, and internet costs
- Parking: Monthly parking fees if not included
- Pet Fees: Monthly pet rent or recurring pet fees
- Security Deposit: Upfront costs that affect your total investment
- Lease Term: Longer leases may offer better monthly rates
By comparing the total cost over the lease term, you can make an informed decision about which rental truly offers the best value for your budget.
Beyond the Numbers: What Else to Consider
Location Factors
- Commute time and transportation costs
- Proximity to grocery stores and amenities
- Neighborhood safety ratings
- School district quality (if applicable)
Hidden Costs
- Move-in fees (application, admin, key fees)
- Renter's insurance requirements
- Laundry costs if in-unit not included
- Storage unit or garage fees
Frequently Asked Questions
Factor in transportation costs and time. If saving $200/month on rent costs you $150 in gas and 20 hours of commuting, the cheaper option may not be worth it. Calculate your total monthly cost including transportation before deciding.
Longer leases often come with lower monthly rent but lock you in. A 15-month lease might save $50/month compared to 12 months, but breaking a longer lease early could cost more in penalties. Consider your job stability and future plans before committing.
Financial experts recommend the 30% rule - spending no more than 30% of your gross monthly income on rent. However, in expensive markets, up to 40% may be necessary. Factor in all housing costs including utilities, parking, and renter's insurance when calculating your total.
Yes! Especially in slower rental markets or during off-peak seasons (winter). You might negotiate a lower monthly rent, reduced deposit, free month, or waived fees. Having a competing offer helps your negotiation. Landlords prefer reliable long-term tenants over empty units.
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