Find your perfect apartment
Rent concession calculator that calculates your net effective rent. Compare apartments and see which offers the best value for your next home.
No account needed to try! Compare up to 2 apartments as a guest.
Smart apartment comparison
Make better rental decisions with data-driven insights
Smart Comparison
Compare apartments based on what matters most - price, size, location, and concessions.
Net Effective Rent Calculator
Calculate true monthly cost after concessions. Factor in free months, weeks, and flat discounts.
Commute Distance
Add your work, gym, or favorite spots and see driving distances from each apartment.
Custom Rankings
Prioritize what matters most. Rank by price, square footage, or location score.
Frequently Asked Questions
Everything you need to know about comparing apartments
What is net effective rent and how do I calculate it?
Net effective rent is the actual monthly cost of an apartment after factoring in concessions like free months or move-in discounts. Our calculator takes your listed rent, lease length, and any concessions (months free, weeks free, or flat discounts) and calculates the true monthly cost spread over your entire lease.
For example, an apartment listed at $3,000/month with 2 months free on a 12-month lease has a net effective rent of $2,500/month ($30,000 total รท 12 months).
How does the apartment comparison tool work?
Simply add apartments you're considering with their rent, square footage, and any concessions. Our tool automatically calculates net effective rent, price per square foot, and ranks them based on your priorities.
You can also add your important locations (like work or gym) to see driving distances from each apartment, helping you factor commute time into your decision.
Can I compare apartments by commute time to work?
Yes! Add your workplace or any important locations as "Favorite Places" and our tool will calculate driving distances from each apartment. You can prioritize location in your ranking to find apartments that balance price, size, and convenience.
This feature uses Google Maps to calculate real driving distances, so you get accurate commute estimates for each apartment.
Is this apartment comparison tool free?
Yes, our apartment comparison tool is free to use. You can compare up to 2 apartments as a guest without signing up. Create a free account to save unlimited apartments and access all features including commute time calculations.
What's the difference between gross rent and net effective rent?
Gross rent is the advertised monthly rent before any concessions.
Net effective rent spreads those concessions (like 2 months free) across your entire lease to show what you're actually paying per month.
This is important because an apartment with higher gross rent but better concessions might actually be cheaper than one with lower advertised rent but no deals.