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RentariIQRenewal Rent Recommendation

Report ID: umt7CLTkzmR5kQmr

Prepared: August 03, 2026

Renewal Rent Recommendation for Demo Property · West Fargo, ND

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Area context (demo location hidden)

Below market by $268/mo (12.8%) -- room to raise at renewal.

AI summary — generated from this report's data

The current monthly rent of $2,100 for Demo Property · West Fargo, ND is below the estimated market rent of $2,368, indicating a gap of $268 or 12.8%. The suggested renewal band for this property is $2,262 - $2,368, representing a potential adjustment of 7.7% to 12.8% compared to the current rent. This estimate is based on 12 comparable listings and has a model confidence of 78%.

The estimated market rent of $2,368 is $268 (12.8%) higher than the current rent of $2,100.
The suggested renewal band of $2,262 - $2,368 provides a range for consideration.
The estimate confidence is 78%, which is a factor to consider when evaluating the market rent.

Advisory read: The data suggests weighing the current rent against the estimated market rent and the suggested renewal band when considering renewal terms.

Suggested renewal rent

$2,262 - $2,368/mo

Current $2,100 - Market $2,368

Estimate confidence

Measures how tightly the underlying data agrees — internal consistency, not verified real-world accuracy.

Current rent

$2,100

Your input

Market estimate

$2,368

12 comps

Gap to market

$268 (12.8%)

Market minus current

Suggested bump

7.7% - 12.8%

vs. current rent

Estimate confidence

78%

Model 0-100%

Renewal recommendation

Below market by $268/mo (12.8%) -- room to raise at renewal.

Rent vs. market

Current monthly rent$2,100

Estimated market rent$2,368

Market range$2,262 - $2,485

Gap ($)$268

Gap (%)12.8%

Suggested renewal band$2,262 - $2,368

Comparable rents (6)

Rent	Beds	Baths	Sqft	Distance	Source
$2,345	4	2	2,110	0.45 mi	Market listing
$2,495	4	2	2,110	0.50 mi	Market listing
$2,445	4	2	2,110	0.51 mi	Market listing
$2,345	4	2	2,180	0.25 mi	Market listing
$2,295	4	2	2,180	0.38 mi	Market listing
$2,558	4	2	2,176	0.50 mi	Market listing

Sample of the comparable units behind the estimate.

Draft renewal offer letter

Dear [Tenant Name], Thank you for being a valued resident at [Property Address]. Your current lease term is set to end on [Lease End Date]. We would love to have you renew. Your current monthly rent is $2,100. Based on a review of current comparable rents in your area, the market rate for a home like yours is approximately $2,368 per month. We are pleased to offer you a renewal at $2,368 per month -- below the full market rate as a thank-you for your continued residency. To lock in this rate, please confirm your renewal by [Response Date]. We're happy to discuss lease-term options. Warm regards, [Your Name / Property Management]

Current rent is the figure you supplied (current_rent).
The suggested renewal band is clamped between your current rent and the market estimate -- it never recommends an above-market ask.
The offer letter is a fill-in template; replace every [bracketed] field before sending.
Advisory market reference only -- you set your own rent and must comply with any applicable rent-control or notice laws.

Report generated on August 03, 2026. Figures are retrieved live or from a short-lived cache (up to 30 days for some public-data sources), so a figure may pre-date this report — each context card states its own data vintage. Comparable recency is shown per comp; county assessment figures reflect the assessor's latest published tax year; HUD figures reflect the current published fiscal year.

Rentari IQ rent estimates are informational market references, not pricing instructions. They are generated from your own property data, real comparable market listings, and — where local listing data is limited — AI-estimated market references (clearly labelled as such), never from other landlords' confidential rents, to support your own independent pricing decisions. You set your rents; Rentari does not. Every estimate is an advisory data point, and you remain solely responsible for the rent you charge. Estimates are not appraisals or legal advice and do not account for fair-housing, rent-control, or local pricing laws. Confirm every rent independently and comply with all applicable federal, state, and local requirements.

Disclaimer

This report is for informational purposes only and does not constitute financial, legal, investment, tax, or appraisal advice. Figures are drawn from the public and licensed data sources below and, where noted, AI-generated insights (Google Gemini) — always labelled as such. Please consult qualified professionals before making any decision.

Data sources

Rent comps & listings: RentCast · Property value, tax & assessment: ATTOM Data · Fair Market Rents & income limits: HUD (HUD.gov) · Demographics, income & housing medians: U.S. Census Bureau (American Community Survey) · New-construction supply: U.S. Census Bureau (Building Permits Survey) · Migration & income flows: IRS (Statistics of Income) · Employment, wages & rent inflation: U.S. Bureau of Labor Statistics · Flood zones & natural-hazard risk: FEMA (Flood Hazard Layer, National Risk Index) · Environmental screen & walkability: U.S. EPA (Superfund, AirNow, Walkability Index) · Seismic design values: U.S. Geological Survey · Mortgage market & rates: HMDA / Freddie Mac · Street View & geocoding: Google Maps · AI summaries & AI-estimated comps: Google Gemini (clearly labelled where used) · Your own executed leases: de-identified, from your account only