How much is my room rental worth?
You are planning to rent out a room or rooms in your home, but you are not sure what would be a fair split of the rent between the roommates. Harvard astrophysics student Jonathan Bittner has created a rent calculator that will give you a good sense of what would be a fair rent when sharing a home or apartment. His calculations are based upon square footage, and a survey asking the importance of various other aspects of rentals that may increase, or decrease the value of a room. Now don’t think that this as the final word on what your rent should be, as this side project was done for fun as stated by Jonathan on his site, but looking through the process he has taken to get his information, you should get a very good idea of what is fair.