Just curious if there any correlation with price of house/flat and it's rent ? I am talking about USA. I mean sure yea but maybe any formula ? Like montly rent is 1% of whole price or something like that. So not just from the air Want to compare with my country.
It all depends upon the location. Usually, landlords try to remain constant with the local industry average, but this is not always the case.
i don't think there is any correlation between the cost of a property and the rent a landlord will charge. rents where i live are outrageous. most places, no matter how small, minimum of $1000 per month and that doesn't include utilities. we have been very lucky in that our monthly expenses never exceed $750 per month, but then we own so that helps. landlords are sharks, and they'll get what they want.