Is Rentometer a reliable measure of market rents?
I wouldn’t say their rents are spot on, but they are usually pretty close.
Rentometer has been comparable in terms of rents for my area, but you need to consider factors like amenities, parking, etc.
You can even see how long a rental listing was active, a nice gauge of the market.
It has helped me see where my rents stand on a broader scope. I was worried we were too high for some neighborhoods but in fact my rents sit on the low to middle end. I don’t mind but I also now know there is room for improvement. I tested it across 8 buildings in 8 different neighborhoods covering 4 different cities.