What is Market Rate for Rent?

[Ed Morrison]

I have 2 rentals within a couple of blocks from one another and in the same sub-division.  One is a 2b/2b the other is a 3b/2.5b.  When I use rentometer to calculate the rental value the 2bd/2b is just under the 75% percentile and not in the red margin.  The 3bd/2.5 bath is almost dead center in the reasonable rent margin.  Zillow says I can charge another $100 per month on this house which would put it at just under the 75% percentile and not in the red margin.

Here are the questions, do pay attention to rentometer rankings to determine your rents?  If so, where do you determine where to set the rent from?  Do you stay out of the red our would put the rents you ask for in the red?  Our market is a good rent market.

Thanks,

Ed