Rent Calculation Worksheet
A Grade 11 Math worksheet focusing on the financial literacy aspects of calculating rent, including monthly, annual, and prorated rent, and understanding associated costs.
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Rent Calculation Worksheet
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Read each question carefully and provide the most accurate answer. Show all your work where applicable. Round all monetary values to two decimal places.
1. The amount of money paid by a tenant to a landlord for the use of property is called .
2. A payment made to a landlord to cover any damages to the property or unpaid rent is known as a .
3. When a tenant moves in or out in the middle of a month, the rent is often adjusted, which is called rent.
4. If monthly rent is $1,250, what is the annual rent?
$12,500
$15,000
$10,000
$13,750
5. A lease agreement states the annual rent is $18,000. What is the monthly rent?
$1,500
$1,800
$1,200
$1,600
6. Sarah is moving into an apartment on October 15th. Her monthly rent is $1,300. Calculate her prorated rent for October.
7. A landlord requires a security deposit equal to one and a half months' rent. If the monthly rent is $950, how much is the security deposit?
8. A lease agreement typically outlines the responsibilities of both the tenant and the landlord.
True
False
9. Utility costs are always included in the monthly rent.
True
False
10. John is considering renting an apartment for $1,100 per month. He estimates his monthly utilities (electricity, water, internet) will be $180. What is his total estimated monthly housing cost?
11. An apartment's rent is $900 for the first year, and then increases by 5% for the second year. What will the monthly rent be in the second year?