Subletting Calculator
See how much you can offset your rent by subletting your space, and what you'll actually pocket.
Parameters
How many months you plan to sublet
Monthly Expenses
= $42.00/mo
Results
Subletting essentials
Check your lease first
Many leases prohibit subletting or require landlord approval. Review your lease and local laws before subletting. Unauthorized subletting can result in eviction.
Charging below your rent
You generally cannot profit from subletting in rent-controlled areas and must charge at or below your own rent. Know your local rules.
Tax implications
Subletting income is generally taxable. Keep records of all income and expenses. Consult a tax professional about deductions you may qualify for.
Protecting yourself
Use a written sublease agreement. Collect a security deposit. Screen subtenants carefully — you remain liable to your landlord for damages.
For estimation only. Laws vary by location. Not legal or tax advice. Always consult your lease and local regulations before subletting.