Roommate Rent Calculator

By | 12/02/2013
Roommate Rent Calculator

Roommate Rent Calculator

Interested in how you can use FrugalCalc as a Roommate Rent Calculator to calculate a fair rent split?  Then you’ve come to the right place! Here’s I’ll show you how to use a simple formula with FrugalCalc to determine the fair and equitable roommate rent split for everyone living together.

Roommate Rent Calculator – The Variables

  • Rent is just the dollar figure of the total rent.  We’ll call this variable: Rent
  • The square footage of each bedroom: We’ll call this variable: BR1, BR2, etc.
    • If you don’t know this value, it’s just the width of a bedroom multiplied by the length of the bedroom.
    • If the bedroom has a private bathroom, make sure to add this square footage into the total amount for that bedroom
  • Total square foot of the bedrooms (or rental) area.  We’ll call this variable: Total

Roommate Rent Calculator – The Calculation – Example #1

For this example, let’s keep things simple.  We’ll assume we have a 1,000 square foot apartment with two bedrooms.  Bedroom #1 has a square footage of 150 sqft (10 feet x 15 feet) and Bedroom #2 has a square footage of 120 sqft (10 feet x 12 feet).  Let’s assume rent is $1,100 per month.

So, here are our variables:

  • BR1 = 150 sqft
  • BR2 = 120 sqft
  • Total = 150+120 = 270 sqft
  • Rent = $1,100

Here’s how we’d setup our roommate rent calculator:

Roommate #1 Rent = 150/(150+120)*1100 = $611.11

Roommate #2 Rent = 120/(150+120)*1100 = $488.89

Alternatively, you can use the built-in function in FrugalCalc called: Roommate_Rent_Calc(150,270,1100) and Roommate_Rent_Calc(120,270,1100)

Roommate Rent Calculator

Roommate Rent Calculator – Example #1

Roommate Rent Calculator – The Calculation – Example #2

Let’s make this second example of the roommate rent calculator a little more complicated.  We’ll assume we have a 1,275 square foot apartment with three bedrooms.  Bedroom #1 has a square footage of 154 sqft (14 feet x 11 feet), Bedroom #2 has a square footage of 168 sqft (14 feet x 12 feet), and Bedroom #3 has a square footage of 144 sqft (12 feet x 12 feet) with a 40 sqft bathroom (8 feet x 5 feet).  Let’s assume rent is $1,875 per month.

So, here are our variables:

  • BR1 = 154 sqft
  • BR2 = 168 sqft
  • BR3 = 144 + 40 = 184 sqft
  • Total = 154+168+184 = 506 sqft
  • Rent = $1,875

Here’s how we’d setup our roommate rent calculator:

Roommate #1 Rent = 154/(154+168+184)*1875 = $570.65

Roommate #2 Rent = 168/(154+168+184)*1875 = $622.53

Roommate #2 Rent = 184/(154+168+184)*1875 = $681.82

Alternatively, you can use the built-in function in FrugalCalc called: Roommate_Rent_Calc(154,506,1875), Roommate_Rent_Calc(168,506,1875), and Roommate_Rent_Calc(184,506,1875)

Roommate Rent Calculator

Roommate Rent Calculator – Example #2

Roommate Rent Calculator – Final Thoughts

As you can see, FrugalCalc can be used as a great roommate rent calculator.  It can help you fairly and easily split the rent for any apartment, house, or rental unit.

FrugalCalc is the world’s best pay what you want calculator for your PC!  Try it out by heading over to the Download  Now page and give it a test drive!!!

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