Benefits of Using a Rent Calculator to Determine How Much You Can Afford When It Comes to Renting

Rohan Mathew

Updated on:

If you’re thinking of relocating to a new state, town or city but you’re uncertain about the possibility of paying higher rents, then it’s wise to rely on a rent calculating tool. It’s also one way to get a step ahead of the outrageously high quotations. Additionally, rent affordability is a highly subjective issue that can be hard to determine when shifting to a new location. It often depends on various factors and usually involves complex calculations that take into consideration factors like property size, property valuation, and proximity to amenities among others.

Fortunately you can always rely on a rent calculator like Zumper when moving to a new location to reassess and realign your renting capabilities.

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So, what is Zumper?

Zumper is an online platform used by millions of renters to find apartments, condos, and houses. Besides simply calculating the rent you are expected to pay on a particular property you’re interested in, Zumper allows you to do lots of other things. The app allows you to do everything from filling out your financials to submitting digital rental applications and credit reports through Zumper’s screening service which is powered by TransUnion. The service will also present you with high-quality listings and their inventory is updated in real-time, so you can always view new rentals on Zumper first. 

When you choose an apartment or house, the owner or the management company can access your financial details and credit report for review. Zumper also offers real-time alerts and you can filter your search based on a wide range of metrics depending on your needs. You can filter your search based on location, price range, bedroom count, pet-friendly, or amenities and set an alert to get regular notifications whenever new listings are posted.

What Benefits Come with Using Zumper’s Rent Calculator?

Compare Property Prices

Perhaps the greatest benefit with using Zumper’s rent calculator is that it helps you with property comparisons. The rent calculator displays available rental property upon identifying a rough estimate. This approach makes it a lot easier for you to make comparisons on the available options before you make a decision.

Holistic Coverage

Zumper’s rent calculator serves as an all-inclusive resource that takes property size, location, your monthly income, your credit score, and other factors into consideration. This helps to ensure all your requirements and preferences are covered and you end up getting the exact affordability estimate that meets your needs.

Maximum Discretion

Using Zumper’s rent calculator is extremely secure as the platform keeps your parameters and inputs discrete. That means your ability or inability to afford a property isn’t projected to the property managers or owners and you can establish correspondence based on your preferences.

Cost of Overheads

The rent calculator also helps you to determine various aspects associated with the cost of renting, including expected utility expenses, real-estate overheads, property maintenance fees, security deposits, if any, and other overheads regarding the cost of rental property.

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Wide Coverage

Zumper’s rent calculator is curated according to the country, standards of living, and the existing geographic constraints. That means the algorithm used to calculate rental prices takes into account the special circumstances of every city as well as the cost of moving to the specific location with respect to your financial capability.

Regardless of how difficult calculating rent can be, you can never overlook the importance of calculating the cost of renting property. Luckily, there is an easier and more convenient solution like Zumper, where property affordability is determined by the user and only relevant and quality listings are posted.