market rent

noun

1. (in Britain) the rent chargeable for accommodation, allowing for the scarcity of that kind of property and the willingness of tenants to pay

Example Sentences

"Those owning outright and those whose rents are fully met by income support are in better position than those who have bought recently or who are paying a market rent," the report stated.

From BBC

For new listings, on average landlords and rental agents are charging renters 315% of the Fair Market Rent, which is nearly double the legal limit.

From Salon

Fair market rent for a one-bedroom apartment was $490 in 1985, when the city adopted the current formula.

From Los Angeles Times

That’s still lower than current market rent of about $2,000 a month.

From Los Angeles Times

Participants would contribute a portion of their income toward rent, with a rental subsidy voucher covering the remainder, to ensure landlords or homeowners receive fair market rent.

From Los Angeles Times