finance calculator

Rent per Square Foot Calculator

Find monthly and annual rent per square foot to compare leases, units, or buildings quickly.

Results

Rent per sq ft (monthly)
$2 /sq ft
Rent per sq ft (annual)
$25 /sq ft
Annual rent
$30,000

How to use this calculator

  1. Enter the monthly rent amount.
  2. Enter the square footage of the space.
  3. See rent per square foot per month and per year, plus total annual rent.

Inputs explained

Monthly rent
What you pay each month for the unit or space.
Square footage
Rentable interior area in square feet. Use the same basis across units.

How it works

Monthly $/sq ft = Monthly rent ÷ Square feet.

Annual $/sq ft multiplies the monthly rate by 12 for yearly comparisons.

Formula

Monthly $/sq ft = Monthly rent ÷ Square feet
Annual $/sq ft = (Monthly rent × 12) ÷ Square feet
Annual rent = Monthly rent × 12

When to use it

  • Comparing multiple apartments or commercial suites with different sizes and rents.
  • Checking if a lease rate is in line with market $/sq ft norms.
  • Normalizing rents to present options to clients or partners.

Tips & cautions

  • Keep units consistent—use monthly rent and total square feet for each option you compare.
  • For annual leases quoted per year, divide by 12 first, then run the calculator for a clean comparison.
  • Commercial listings may quote $/sq ft per year; convert to monthly by dividing by 12 to match residential comparisons.
  • Ignores utilities, NNN, CAM, parking, or concessions—add those separately for full cost.
  • Assumes the square footage basis is consistent across units (rentable vs usable).
  • Does not model escalations; use the base year rate for quick checks.

Worked examples

$2,500 rent, 1,200 sq ft

  • Monthly $/sq ft ≈ $2.08
  • Annual $/sq ft ≈ $24.99
  • Annual rent = $30,000

$3,200 rent, 950 sq ft

  • Monthly $/sq ft ≈ $3.37
  • Annual $/sq ft ≈ $40.42
  • Annual rent = $38,400

Deep dive

This rent per square foot calculator turns monthly rent and square footage into $/sq ft per month and per year so you can compare leases quickly.

Use it for apartments, offices, or retail spaces to normalize different sizes and rents before diving into NNN, CAM, or escalations.

FAQs

Is this monthly or annual?
Enter monthly rent. The calculator shows $/sq ft per month and per year, plus total annual rent.
Does it include utilities or NNN/CAM?
No. Add those charges to rent first if you want all-in $/sq ft.
What if the listing quotes $/sq ft per year?
Multiply by the square footage to get annual rent, divide by 12 for monthly rent, then enter that here.
Usable vs rentable square feet?
Use the same basis across the options you compare. Commercial spaces often use rentable square feet; stay consistent.
Can I compare furnished vs unfurnished?
Yes, but consider utility differences and included services separately—this calculator just normalizes rent to area.

Related calculators

For quick comparisons only. Verify lease terms, utilities, NNN/CAM charges, and square footage basis before signing.