Renting out the property you bought for that purpose can sometimes be challenging, especially if you don't know what to charge for monthly rent. It makes sense to charge the market rate for your property or at least something very close to it. However, that rate might not be what you thought it would be when you made the purchase. Rental prices can fluctuate, and if you charge too much, you'll have difficulty getting someone to choose your property over another property listed at a lower rate. You also want to be careful about setting the price too low because you want the best for profit and cash flow from your property.  The goal is to find the "sweet spot" in the rental price, where you attract quality tenants and cover the ongoing costs of owning the property, but you don't price yourself right out of the market and have potential tenants going elsewhere. So, how do you find that magic number? It doesn't have to be a guessing game when you understand how to calculate rental rates. Here's what you should consider.