Certified Apartment Leasing Professional (CALP) 2025 – 400 Free Practice Questions to Pass the Exam

Question: 1 / 400

What is the rent per square foot for a 1/1 unit of 657 SF priced at $1015?

$1.75

$1.54

To determine the rent per square foot for the 1-bedroom, 1-bathroom unit, you divide the total rent amount by the square footage of the unit. In this case, you take the price of $1015 and divide it by the size of the unit, which is 657 square feet.

The calculation is as follows:

\[ \text{Rent per square foot} = \frac{\text{Total Rent}}{\text{Square Footage}} = \frac{1015}{657} \approx 1.54 \]

Thus, the rent per square foot for the unit is approximately $1.54. This figure helps potential renters easily compare costs between different units by relating the price to size, which is a standard metric used in the rental market.

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$1.36

$1.48

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