Rent Split calculator
Rent Split Calculator?
If you're about to live with your friends and you still thinking about how to split the rent fairly,
Rent Split Calculator is a tool that can help you and your roommates to decide the total amount
to be paid by every person, this calculator uses rooms square footage to calculate
the rent that every individual should pay based on the space occupied by that person.
How to use Rent split Calculator
1- Enter the Total Rent of the appartment/house in USD.
2- Enter the Total Square Footage of the appartment/house in ft².
3- Enter the Number of Bedrooms in the appartment/house.
4- Once you enter the number of rooms you should enter the Footage square of the room
and the number of persons that will live in that room.
5- The last step is to click on "Calculate" button and the result will be calcualted.
Constraints:
- Total Rent and Square Footage should be greater than 0.
- Number of bedrooms should be between 1 and 8.
- Number of Persons in The Room should be between 1 and 10.
- Bedroom(s) total square footage shouldn't be greater than Total Square Footage
To calculate the square footage of a room or a house you can use this formulas:
Square Footage (ft²) = width (ft) * length (ft)
Rent Split Calculator Formulas and Example
In this section we will see how to calculate the rent for roommates manually using an example to simplify
the steps of calculations.
Let's consider the example below:
- Total Rent: TR = 1200 $
- Total Square Footage: TSF = 1000 ft²
- Number of bedrooms: NB = 2
- Bedroom 1:
Square Footage: SF1 = 500 ft²
Number of Persons in The Room: NP1 = 2 - Bedroom 2:
Square Footage: SF2 = 300 ft²
Number of Persons in The Room: NP2 = 1 - For the results we will use these abbreviations:
Every person in the first bedroom will pay R1.
Every person in the second bedroom will pay R2.
The first step is to calculate these values:
Total number of persons: TNP = NP1 + NP2 = 2 + 1 = 3
Total Square Footage of Bedrooms: TSFB = SF1 + SF2 = 500 + 300 = 800 ft²
BTC = ( TSFB / TSF ) * TR = (800 / 1000) * 1200 = 960
CCP = ( TR - BTC ) / TNP = ( 1200 - 960 ) / 3 = 80
Now we can calculate the value of R1 and R2 using these formulas:
R1 = (( SF1 / TSFB ) * BTC ) / NP1 + CCP = (( 500 / 800 ) * 960) / 2 + 80 = 380$
R2 = (( SF2 / TSFB ) * BTC ) / NP2 + CCP = (( 300 / 800 ) * 960) / 1 + 80 = 440$
So every person in the first bedroom will pay 380$ and every person on the second bedroom will pay 440$.