1. What Is Rent Zestimate?

The Rent Zestimate is Zillow's proprietary algorithm for estimating monthly rental prices. It uses comparable properties, location data, and home features to calculate an estimated market rent.

2. How Does Zillow Estimate Rent?

Zillow's algorithm considers:

Key factors include:

• Comparable Properties: Recent rental prices of similar properties in the area
• Location: Geographic coordinates and neighborhood data
• Features: Bedrooms, bathrooms, square footage, and other amenities

3. Accuracy of Rent Zestimate

Accuracy Note: Zillow reports the Rent Zestimate has a median error rate of about 6-7% for on-market rentals, but accuracy can vary significantly depending on location and data availability.

4. Using This Calculator

Tips: For best results, research actual comparable rental prices in your area. This calculator provides an approximation based on available data.

5. Frequently Asked Questions (FAQ)

Q1: How accurate is Zillow's Rent Zestimate?
A: Accuracy varies by market. In areas with many comparable rentals, estimates tend to be more accurate.

Q2: Can I trust the Rent Zestimate for pricing my rental?
A: It's a starting point, but you should also research local market rates and consider property-specific factors.

Q3: How often is the Rent Zestimate updated?
A: Zillow updates estimates daily as new data becomes available.

Q4: Why does my Rent Zestimate change?
A: Changes reflect new comparable rentals, market trends, or updates to Zillow's algorithm.

Q5: Can I improve my Rent Zestimate accuracy?
A: Claiming your home and updating property details can help improve the estimate.