Tenant Turnover Cost Calculator

About this calculator

Tenant turnover cost is the total expense a landlord incurs when one tenant moves out and a new one moves in, adding together three components: lost rent during the vacancy period (days vacant × daily rent), repair and cleaning costs to make the unit rentable again, and leasing fees such as advertising, screening, or agent commissions. The total is also expressed as a percentage of annual rent to show how much of a year's income the turnover consumes.

Property managers and landlords use this figure to decide how much it is worth spending on tenant retention — offering lease renewal incentives or handling maintenance requests promptly — since a single turnover event routinely costs the equivalent of one to two months' rent once vacancy loss, cleaning, painting, and marketing are added up. Real estate investors also use average turnover cost per unit as an input when underwriting a rental property's net operating income, since high turnover directly erodes annual cash flow.

This calculator takes your monthly rent, expected vacancy days, repair/cleaning costs, and leasing fees, then returns the total turnover cost and its share of annual rent, so you can see the real cost of losing a tenant.