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Daily Rate Precision

Prorated Rent & Utilities Calculator

Moving in or out mid-month? Calculate exact daily rates and generate a clean, itemized statement to share with your landlord, roommate, or subtenant.

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How Is Prorated Rent Calculated Legally?

Prorating simply means adjusting rent proportionally to reflect only the days you actually occupy the property. There are two primary ways landlords and roommates calculate this:

1. The Actual Calendar Day Method (Standard)

(Monthly Rent ÷ Exact Days in Month) × Number of Days Occupied. If rent is $2,400 and you move in on September 14th (30-day month), your daily rate is $80.00/day. Occupying 17 days (Sept 14 to 30) equals exactly $1,360.00.

2. The Banker's Rule (30-Day Flat)

(Monthly Rent ÷ 30) × Number of Days Occupied. Some commercial landlords use an artificial 30-day month regardless of whether the month has 28, 30, or 31 days. This can slightly favor the tenant in 31-day months and the landlord in February.

Frequently Asked Questions

Should utilities be prorated too?

Yes. If you move out on the 10th of a 30-day month, you shouldn't pay for electricity and heating used during the remaining 20 days. Our calculator includes a utility line item that prorates alongside your rent.

Does the move-in day count as a full day?

Yes. Under standard property law and residential leases, possession of the premises begins on the start date, so that day is counted as active occupancy.

How do I share this with my landlord or roommates?

Click "Copy Statement Text" to paste an itemized summary directly into an email or text message, or click "Share Live Link" to give them the interactive calculator with your exact inputs saved.

How does SplitRent handle prorated billing?

SplitRent includes native move-in and move-out tracking. When a roommate changes mid-lease, SplitRent automatically applies active day ratios to that month's utility bill statements.