text: where can i find out how to set a price for my house i am going to rent? i want to make a lil money at this? me and my girlfriend are going to rent out her house in six months.  but i am worried that she is not lookin at the whole picture.  if something breaks and needs fixed that cost alot of money its gioing to have to come out of our pockets.  which i understand will have to in some regards.  her morgage is 880$ and there will be four ppl living here.  what do you think is a practical amount to charge and not be to pricey consider renting the rooms.  charge $400 each for a total of $1,200.  each person would need at least $200 deposit.  do not spend the money, but it in a savings account.  you most likely will refund when they move out.  rent $1200 minus her mortgage is $880, minus (hoa, sewer and water) $170 and she will only end up with $150.00.  the $150 and deposit will be used to fix any damages to her home.