Estimating Rents in Multifamilies

[Shafi Noss]

Hi everyone,

I often use Rentometer.com when analyzing a property to estimate rents in single family homes. I imagine that the rental for a 2/1 single family is more than a 2/1 multifamily unit, but Rentometer doesn't take that into account. What is the most effective way to estimate rents for multifamily rentals?

[Kevin K.]

I would try to find rental comps in your area (Zillow,MLS,apartments.com,etc..) that specify if the apartment is in a home, garden apartment or is a single-family home. Rentometer is a broad picture that will just take what the average rent is in your area for a 2/1 apartment.