---
title: "Net effective rent: renter glossary | Centro Studio Homes"
description: "Net effective rent is your total rent over the lease, after free rent, divided by the number of months. It shows the real monthly cost. Defined for Austin renters by Centro Studio Homes."
url: https://centro.multisites.ai/glossary/net-effective-rent
publisher: Centro Studio Homes
phone: +17373178369
tour: https://centro.multisites.ai/scheduletour
---

# Net effective rent

Net effective rent is your total rent over the lease, after free rent, divided by the number of months. It shows the real monthly cost.

Net effective rent averages out your rent after a discount. It lets you compare a home with free weeks to a home with a lower sticker price.

The formula: (monthly rent x months - free rent) / months.

Worked example using Centro’s starting price. This is an illustration, not a quote:

1.  Rent: $699 a month on a 12-month lease = $8,388.
2.  Free rent: 8 weeks. Weekly rent is $8,388 / 52 = about $161, so 8 weeks = about $1,290.
3.  Net total: $8,388 - $1,290 = about $7,098.
4.  Net effective rent: $7,098 / 12 = about $591 a month.

Your real bill each month is still $699. The $591 is only an average that helps you compare.

Centro Studio Homes lists “up to 8 weeks free on select floor plans.” Offers vary by floor plan and by lease, so your numbers may differ. Ask the leasing office for the exact offer on the home you want. Also ask about the lease term, since Centro does not publish lease lengths.

See more examples in [how move-in specials work](https://centro.multisites.ai/guides/how-move-in-specials-work).

## Related terms

-   [Weeks free](https://centro.multisites.ai/glossary/weeks-free)
-   [Move-in special](https://centro.multisites.ai/glossary/move-in-special)
-   [Total monthly price](https://centro.multisites.ai/glossary/total-monthly-price)

[Read the full guide](https://centro.multisites.ai/guides/how-move-in-specials-work)

## Come see your studio.

Tour in person or by live video. Book a time and we will show you the studios available now.

[Book a tour](https://centro.multisites.ai/scheduletour) [(737) 317-8369](tel:+17373178369)

Leasing office hours: Monday to Friday, 8:30 AM to 5:30 PM; Saturday, 10 AM to 4 PM; Sunday, closed.