market rent


The generally accepted price to lease a space for residential or commercial purposes. For example, a 2,000 square-foot office space will be listed for rent at $1,000 because similar spaces in the local market are leasing at that price.

Use market rent in a sentence

You should try and shop around so that you know that you are not paying more than the market rent.

​ Was this Helpful? YES  NO 5 people found this helpful.

I wanted to know the market rent, so I could determine, whether or not I could afford the place for my new business.

​ Was this Helpful? YES  NO 11 people found this helpful.

The market rent was higher than what the current tenant was paying so the landlord offered the tenant the option of moving out or paying more.

​ Was this Helpful? YES  NO 4 people found this helpful.

Show more usage examples...

Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Section 8 housing market rents