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How to Price Your Rental Unit in Chatham-Kent in 2025

  • Writer: angelwagenaar
    angelwagenaar
  • 3 days ago
  • 3 min read

Insights for Property Owners and Landlords

One of the most common questions we hear from landlords and property owners in Chatham-Kent is: “What should I charge for rent?” Whether you're listing your first unit or adjusting rent on an existing property, finding the right rental price is crucial. Set it too high, and you risk sitting vacant. Set it too low, and you're leaving money on the table.

Calculator, house model, keys and coins on paperwork — representing property management, rental pricing, and landlord finances in Chatham-Kent. Manager 4 You the paragon of property management.

At Manager 4 You, we help local landlords strike that balance. In this post, we’ll walk you through how to price your rental property with confidence—based on current market trends, local demand, and what renters are really looking for in Chatham-Kent.


Understanding the Local Rental Market

As of mid-2025, the average rent for a one-bedroom unit in Chatham is hovering around $1,500–$1,600/month, with two-bedroom units ranging closer to $1,800, and three-bedroom homes commonly leasing in the $2,100–$2,300 range.


While we’re still well below big-city rental prices, rents in Chatham-Kent have steadily increased in recent years as more people relocate for affordability and lifestyle. At the same time, vacancy rates remain moderate—around 4.3%—which means tenants do have choices. For landlords, that makes pricing more important than ever.



Factors That Influence Rental Pricing

No two units are the same—and your rent should reflect that.

Before and after renovation of a rental property in Chatham-Kent showing increased curb appeal and property value. Manager 4 You the paragon of property management.

Here are a few key things we look at when helping property owners price their units:

1. Location: Is the property close to downtown Chatham, schools, shopping, or the hospital? Walkable areas or homes near transit tend to command higher rents.

2. Unit Condition: Renovated kitchens, modern bathrooms, fresh paint, and in-suite laundry can all boost rental value. Tenants are willing to pay more for updated, move-in-ready spaces.

3. Amenities & Inclusions: Parking, utilities, internet, pet-friendliness, and outdoor space all play a role. Even small things can help justify a higher rate.

4. Property Type: A spacious 3-bedroom house with a backyard will rent for more than a compact basement unit. Make sure you're comparing apples to apples when researching market rates.



How to Choose the Right Price

Start by checking comparable listings in your neighborhood. Look at units with similar size, features, and location. If you're unsure where to begin, our team at Manager 4 You can provide a custom rental analysis based on your property.

From there, set a price that’s competitive but leaves a little room to negotiate. For example:

  • A well-maintained 1-bedroom with parking might rent for $1,550–$1,650/month.

  • A renovated 2-bedroom duplex with laundry could be priced at $1,850–$1,950/month.

  • A 3-bedroom home near a school or park may be worth $2,200/month or more.

Offering added value—like including utilities or professional property management—can also support premium pricing and attract better tenants.


What About Short-Term Rentals?

Some landlords are tempted by the idea of Airbnb or short-term rentals. While nightly rates in Chatham-Kent can average around $150/night, occupancy rates are much lower than long-term rentals—around 34%. That means unless you have a steady stream of guests, your monthly revenue may actually be less consistent.

For most property owners in our area, long-term rentals offer better stability, easier management, and more reliable income. If your property is located near Mitchell's Bay or Erieau it may be a desirable location for a short-term rental.


Final Thoughts: Know Your Value

Pricing your rental unit isn’t just about the number—it's about understanding what you're offering and how it fits into the Chatham-Kent rental landscape. Don’t undervalue a clean, well-managed unit in a great location. And don’t overprice a property that needs updates or lacks curb appeal.

Photo of downtown Wallaceburg in Chatham-kent. Location of Manager 4 You the paragon of property management.

If you're unsure how to position your rental or need help managing tenant placement, lease agreements, or legal notices, we’re here to help. At Manager 4 You, we provide hands-on property management services in Chatham backed by licensed paralegal support, ensuring you stay compliant and profitable.


Need help pricing your rental unit?📞 Call us today or visit www.4youco.ca for expert property management and landlord support across Chatham-Kent.

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