LIVE VIDEO: News 2 at 11 PM    Watch
 

Rent-O-Meter: Find Out If Your Rent Is Too High

3:20 AM, Apr 24, 2013   |    comments
  • Share
  • Print
  • - A A A +

In my continued search to find the best websites and deals to save you time and money, today we have a wakeup call for renters.

With rent on the rise and particularly unpredictable in the Triad, Rent-O-Meter might be your key to a more reasonable lease.

Wednesday, we're taking a look at two great purposes the site serves. It's simple: Enter your address, how much you're paying in rent, and you'll know in a matter of seconds whether you're getting a good deal.

The site could also give a landlord a better idea of where their requested rent stands in relation to the surrounding area.

Is the website perfect? No. It's thrown off in some cases if a very high-end apartment building is right next door to a lower-income area.

I would not base all decisions on this website's results (or any website for that matter), but this is a great tool and resource -- especially if your lease is up, or you're new to a neighborhood.

In my experience, I also found it helpful to print the statistical analysis from Rent-O-Meter and have that accompany me on my visit to a leasing office before re-signing a lease. It helped me shave $100 per month off my last lease.

You might find you're getting a great deal, or you might find that you're paying way too much.

There's nothing to sign up for, and it's fast and completely free to use. CLICK HERE

Most Watched Videos