There are several websites you can use to determine if your rent costs are within market range.

Zillow.com offers their signature “Zestimates” which not only give you average rental price suggestions, but also estimated property values based on recent sales. Depending on your area, some users report this information to be misleading, while others say that it is spot-on. We suggest using it as one point of reference, and not a one-fits-all source of information.

Another site is rentometer.com. This website allows you to put in an address, and then see how your costs compare to other rentals in the area. The site provides you with the regions median rent, average rent and even give you a # of rentals within a certain radius.

Another way to determine your average prices is by looking at other rental advertisements on sites like Craigslist or realtor.com. Keep in mind though this will only give you an idea of what other landlords are hoping to rent for, and not a true estimate of what people are actually currently paying.

How do you determine market-value for your rentals? Comment below