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

3:20 AM, Apr 24, 2013   |    comments
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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

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