Rent-O-Meter: Find out if you’re being ripped off!

Rent-O-Meter: Find out if you’re being ripped off!

Credit: USA Today

Rent-O-Meter: Find out if you’re being ripped off!

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by Matt Granite, KING 5 News

NWCN.com

Posted on February 27, 2014 at 6:10 AM

Updated Thursday, Feb 27 at 5:32 AM

SEATTLE -- In my continued search to find the best websites and deals to save you time and money, today we have a wakeup call for renters.

Apartment rental rates are on the rise throughout Western Washington and finding a reasonable one is no easy feat. Today one website helps you determine whether a rent offer is fair and it’s all based on your zip code.

Since I first tested Rent-O-Meter three years ago, and three leases later, it's grown as a website with new features and some impressive awards.

Today we're taking a look at two great purposes the site serves. It's simple: Enter your address, how much you're paying in rent and you'll know in a matter of seconds whether or not you're getting a good deal.

The site could also give a landlord a better idea of where their requested rent stands in relation to the surrounding area.

Is the website perfect? No. It's thrown off in some cases if a very high-end apartment building is right next door to a lower-income area.

I would not base all decisions on this website's results (or any website for that matter), but this is a great tool and resource -- especially if your lease is up or you're new to a neighborhood.

In my experience, I also found it helpful to print the statistical analysis from Rent-O-Meter and have that accompany me on my visit to a leasing office before re-signing a lease. It helped me shave $100 per month off my last lease.

You might find you're getting a great deal or you might find that you're paying way too much.

There's nothing to sign up for and it's fast and completely free to use.

CLICK HERE to visit rent-o-meter.
 

 

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