Many landlords rely on rent estimation tools to price their properties competitively and stand out in the market. RentRange and Rentometer are two popular options, but how do you know which one to choose? The answer largely depends on your specific needs as a landlord.

RentRange delivers more holistic market insights based on broader trends, while Rentometer offers ultra-fast property-specific estimates. If you’re looking to get a sense of the general pulse on rents in your area, RentRange paints a more complete picture. However, if you need a quick rent comparable for a single property, Rentometer may be the fastest solution.

In this guide, we’ll look at both options as well as Stessa’s Rent Estimate reports – a third choice worth considering. Rent reports from Stessa can recommend a specific asking rent for your unit based on an analysis of current listings, recent rent comps, market trends, and neighborhood demographics.

Keep reading to learn more about the key differences between these popular rental rate estimators and discover where each tool excels.

RentRange overview

Providing real estate investors with industry-leading data science for over a decade, RentRange offers 3 reports, with data available on a local, regional, or national level:

• Property Reports give you a complete rent rate analysis of any address.
• Market Metric Reports show you how various regions are performing.
• Investor Lists help you find real estate investors near you.

Property Reports use an AVM (automated valuation model) to give you rent estimates on homes and condos across the U.S. In seconds, you can receive neighborhood and comparable data on rental trends in your local area and the broader market.

Pricing for Property Reports

RentRange’s pay-per-use model doesn’t require a subscription or prepaid credits. To begin, simply add a payment method to your account. Then, enter the address of the rental property you want to analyze. Confirm the details, and checkout with one click. Automatic volume discounts are applied based on how many reports you run every 30 days.

• $14/each for 1–10 reports
• $13/each for 11–25 reports
• $12/each for 26–50 reports
• $10/each for 51–100 reports
• $9/each for more than 100 reports

The company also offers customized enterprise pricing plans for high-volume clients.

Property Reports features

• Rent range estimate, confidence score, and estimated property vacancy rate
• Rental benchmarks based on geographic radius, zip code, and Section 8 info
• Days on the market vs. vacancy in the county
• Rental saturation benchmarks for the zip code, county, and metropolitan statistical area (MSA)
• Comparable for-rent properties and map
• County rent trends by bedroom for single-family rentals and multi-family units
• Median housing rental rates in the MSA, including rent/square feet and Section 8
• Gross yield percentages and median rent of the 10 nearest zip codes
• Rental trend summary (1-month, 3-month, and 12-month change) by zip code, MSA, county, and state

Rentometer overview

Rentometer is a tool for quick and efficient rent comparisons across the U.S. Leveraging advanced technology and sophisticated data management techniques, the software can often deliver comprehensive rent comparison analyses for many U.S. addresses in seconds. Premium subscription packages are available for professionals seeking more in-depth information and services.

Pricing

Free

• 7 days of access
• QuickViews rent price summary
• 5 Pro Reports with a complete rent analysis

Monthly

• $29/month
• QuickViews rent price summary
• 10 Pro Reports with a complete rent analysis

Basic

• $49 for 1-year access
• QuickViews rent price summary
• 5 Pro Reports with a complete rent analysis

Pro

• $99 for 1-year access
• QuickViews rent price summary
• 200 Pro Reports with complete rent analysis

Pro plan tools and API access:

• Rentometer tools
  • Batch processor
  • Rent Comp report
  • Report branding
  • Lead generation
• Rentometer API
• 1,000 free credits for use of API and tools 

Subscribers can purchase additional Pro Reports starting at $29 for 10 reports for all pricing plans.

Report features

QuickViews

• Enter the property address, current or projected rent, and number of beds and baths
• Select the look-back period, radius, and building type
• View the average and median rent within the last 12 months in a 3-mile radius
• Displays rents in the 25th and 75th percentiles
• Includes map with locations of rental comparables

Pro Reports include all the above information, plus data at the neighborhood, zip code, and city levels.

RentRange vs. Rentometer: A comparative analysis

Now let’s look at how these two platforms compare based on 3 key categories: rent comparison analysis, report features, and pricing. 

Rent comparison analysis

RentRange employs an automated valuation model (AVM) for rent estimates on homes and condos across the country. By examining rental trends locally and in broader markets, RentRange can give you a more detailed view of the rental landscape.

On the other hand, Rentometer is designed to deliver quick and efficient rent comparisons throughout the U.S. In just a few clicks, you can get a snapshot of rent prices for any given address, which is particularly handy when you have to make quick decisions on rental pricing.

Report features

RentRange offers Property Reports with rent range estimates, confidence scores, and estimated property vacancy rates. It also gives you rental benchmarks based on geographic radius, zip code, and Section 8 housing. These comprehensive reports offer a wealth of information for real estate investors.

Rentometer provides QuickViews for rent price summaries and Pro Reports with complete rent analyses. As a Pro plan subscriber, you can also access its tools and API. Pro Reports include data at the neighborhood, zip code, and city levels, providing granular insights into your areas of interest.

Pricing options

RentRange operates on a pay-per-use model with volume discounts. Prices range from $14/report for 1–10 reports to $9/report for over 100 reports. If you’re a high-volume client, RentRange also offers customized enterprise pricing.

In contrast, Rentometer offers free 7-day access, followed by Monthly, Basic, and Pro subscription plans priced at $29/year, $79/year, and $199/year, respectively. Each plan has specific features and report limits, allowing you to choose based on your individual needs.

Stessa Rent Estimates vs. RentRange vs. Rentometer

RentRange and Rentometer are both popular and reliable options. However, another alternative you may want to consider is Stessa Rent Estimates.

Stessa’s Rent Estimate reports are a comprehensive analysis of current listings and recent rent comps, market trends, and neighborhood demographics. That means you get a lot more than just the prevailing market rent figure. You can also dig in to understand the data behind the calculated rate, providing you with deeper insights into your local market.

Additionally, Stessa Rent Estimates are available on a one-off basis without ongoing subscription fees for only $19.99, providing a cost-effective solution for landlords looking to maximize their returns. In return, you get a remarkably in-depth rental market report. 

Each report includes rental unit comps by address, a complete map view of all comps in relation to your property, and a detailed analysis of median rentals across your local market. You can even see trends in 1, 2, 3, and 4-bedroom rentals from the past 5 years, along with changes in median rents for your zip code, city, county, and state over 1, 3, and 12-month periods.

Should you encounter any issues or have questions, the Stessa support team is just a click away. You can contact them via the blue circle in the lower right-hand corner of your dashboard page.

So, consider your needs as you weigh your options between RentRange, Rentometer, and Stessa Rent Estimates. If you’re looking for an affordable, comprehensive, and insightful tool that helps you understand your market and set competitive asking rents, Stessa Rent Estimates may be your best bet.

Stessa does much more than Rent Estimates

Stessa ranks as the #1 app for landlords, boasting a community of over 200,000 users and is a good fit for both novice and veteran investors with multiple properties. Users have reported an average annual savings of up to $4,000 and over 100 hours in time, making Stessa a top choice for effective property management.

Engineered to simplify your investment management, Stessa offers a real-time, comprehensive financial overview of each investment property and portfolio.

Scan your receipts through the mobile app and let Stessa automatically classify your income and expense transactions in line with the IRS Schedule E. This feature makes tax prep a snap, simplifying the generation of financial reports and minimizing the need for physical documents and manual data entry.

Landlords can also benefit from Stessa’s Cash Management deposit accounts. Open an account for each property and enjoy interest rates well above the national average of 0.07%, according to the FDIC, as of February 2024. 

Stessa’s mobile applications work nicely with both iOS and Android platforms, giving you access to your portfolio whenever and wherever you need it. 

Pricing

Stessa’s tiered pricing model can easily accommodate residential rental property owners’ various needs and budgets:

You can always start with the Essentials plan and upgrade to a paid plan as your portfolio expands and your needs evolve.

Key features

Stessa can optimize returns for residential rental properties while eliminating tedious manual tasks.

Asset management

• Unlimited property and property manager connections
• Unlimited real estate document and receipt storage
• Account-sharing capabilities with business partners or other stakeholders
• Portfolio to organize and manage an unlimited number of properties
• Centralized dashboard with key performance metrics
• Advanced ownership reporting
• Centralized dashboard with full chart history

Bookkeeping and accounting

• Option for manual expense tracking
• Mileage tracking
• Unlimited automated bank feeds
• Smart receipt scanning 
• Budgeting and pro forma analysis
• Project expense tracking

Reporting and taxes

• Full data export to Excel
• Basic reporting and advanced reporting, including an SREO (schedule of real estate owned)
• CapEx and Schedule E packages for your accountant

Banking

• FDIC-insured up to $2.5M/entity
• No minimum balance
• 1.1% cash back on purchases
• Earn high-yield interest rates on cash management accounts

Online rent collection

• Online deposit and rent collection
• Automated reminders and late fees
• Tenant expense charging
• Tenant autopay
• Tenant ledger and rent roll
• Accelerated rent payments

Document management

• Document storage is unlimited
• eSignatures
• 60+ real estate forms and landlord templates

Tenant screening

• Application management
• Credit checks
• Background screening
• Tenant pays screening fee

Additional benefits of using Stessa

Beyond its core capabilities, Stessa also offers extra tools and resources to help take your business to the next level:

• The Stessa Tax Center gives you access to numerous tax resources, helping you navigate the challenging landscape of quarterly and year-end real estate taxes.
• Stessa seamlessly integrates with your existing property management software. This feature provides a detailed and up-to-the-minute view of your portfolio, streamlining the monitoring and managing of your investments.

Lastly, Stessa is much more than a powerful rental property tool; it’s a vibrant, active community. Users can network, share insights, and build relationships through the dynamic online community forum. Whether you’re interested in learning from the experiences of others or eager to share your own expertise, the Stessa community is an invaluable resource.

What’s the best/ideal rent estimate option for busy landlords?

Before choosing any rental rate estimator, consider your unique landlord needs. The right tool can help you maximize your rental income and grow your business.

RentRange and Rentometer each deliver essential data to landlords seeking estimates on rental rates. RentRange provides broad market insights, and Rentometer can quickly offer estimates for an individual property.

However, if you’re a landlord looking for the best of both worlds, Stessa is worth a closer look. Stessa Rent Estimates bring together robust market data and property-specific estimating technology. Even better, Stessa offers many other tools that make property management easier, such as rental applications, screening, accounting, landlord banking, and financial reporting.

Learn how Stessa can help you accomplish more in less time by visiting the website.  

*Stessa is not a bank. Stessa is a financial technology company. Terms and conditions, features, and pricing are subject to change. This article, and the Stessa Blog in general, is intended for informational and educational purposes only, and is not investment, tax, financial planning, financial, legal, or real estate advice.