Dictionary of Business Terms: market rent
market rent
rent a comparable unit would command if offered in the competitive market.
Dictionary of Real Estate Terms: market rent
market rent
the rent that a comparable unit would command if offered in the competitive market. Contrast with contract rent.
Example: Long rents an apartment to Towns for $900 per month. Similar units are renting for $950 per month. The apartment's market rent is $950 per month.
