What is the monthly rent of a two-bedroom unit measuring 1175 square feet renting at $1.47 per square foot?

To find the monthly rent for the two-bedroom unit, you multiply the square footage of the unit by the rental rate per square foot. In this case, the unit is 1,175 square feet and the rent is $1.47 per square foot.

Calculating this gives you:

1,175 square feet × $1.47/square foot = $1,726.25.

When rounded to the nearest dollar, this total becomes $1,727. Thus, the monthly rent for the unit is accurately represented as $1,727, making it the correct answer.

Understanding how to perform this calculation is crucial for leasing professionals, as knowing the cost per square foot and applying it correctly helps ensure competitive and fair pricing in the rental market.