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A Rent Calculator is a financial tool designed to help tenants, landlords, and property managers estimate rental costs and affordability. Users input key details such as monthly rent amount, lease duration, security deposit, utility costs, and any additional fees (e.g., parking or pet fees). The calculator then provides a breakdown of total rental expenses over time, including upfront costs and recurring payments. Advanced versions may also compare rental options, calculate rent-to-income ratios for budgeting, or estimate annual rent increases. This tool is valuable for making informed decisions about housing affordability and lease agreements.