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Updated about 14 years ago on . Most recent reply

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Michael Stole
  • Real Estate Investor
  • Ottawa, Ontario
14
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217
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where to find rental information

Michael Stole
  • Real Estate Investor
  • Ottawa, Ontario
Posted

How could I find out what the average rental rate is in an area? Is this information available on MLS? Thanks.

Most Popular Reply

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592
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Kyle Meyers
  • Residential Landlord
  • Indianapolis, IN
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592
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Kyle Meyers
  • Residential Landlord
  • Indianapolis, IN
Replied

I think it really depends on more factors, the site just accounts for number of bedrooms and location is only judged on distance to the rental address you enter. In many cities I think the rents vary from block to block so the estimate may not be right for you. I would estimate that the rent you are paying is slightly more than the market rents are around the college and 20th area. Is that where you are? I looked a little online to see if I could find rents in that specific area, I found some rents for 5 beds there at 1.2k and 1 beds at 700, depending on the amenities and what utilities are included you may not be overpaying by much. Try looking for for rent signs by you and calling to find the rents.

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