Zillow for Rentals – New Website for Landlords & Renters Compares Rents

If you’re looking to rent but don’t know what the going rate is in your area or if you own rental property but are not sure how much to charge. Rentometer.com is a new website that may be able to help. 

Users type in an address, rent, and some basics about the property (and I do mean basics) and Rentometer.com gives you the average rent for the area of similar apartments.  It also shows you where the apartments are whose rent is being compared to the one you entered.  There is no charge for this service.

Just for fun, I input the rents I charge for my rentals and the results were about what I expected.  I am charging just a little higher than the average for properties in my area. 

The website says that they collect data from public sources in print and on the internet.  And every time someone enters in the rental rate for a unit in Rentometer.com, the data is collected and saved for future analysis and use by the site.  It doesn’t sound very scientific but I don’t know of any website that offers this service for free.