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Apartments for rent in Dubai

47,474 properties
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  • Apartment - 1 Bedroom - 2 Bathrooms for rent in DEC Tower 2 - DEC Towers - Dubai Marina - Dubai
    14

    Apartment

    79,999 AED/year

    Vacant Now | Fully Furnished | Spacious

    White & Co Real Estate logo image

    DEC Tower 2, DEC Towers, Dubai Marina, Dubai

    1

    2

    749 sqft

  • Apartment - 1 Bedroom - 2 Bathrooms for rent in Time Place Tower - Dubai Marina - Dubai
    11

    Apartment

    115,000 AED/year

    Upgraded | Marina Views | Chiller Free

    White & Co Real Estate logo image

    Time Place Tower, Dubai Marina, Dubai

    1

    2

    815 sqft

  • Apartment - Studio - 1 Bathroom for rent in Easy 19 - International City Phase 2 - Al Warsan 4 - Al Warsan - Dubai
    10

    Apartment

    50,000 AED/year

    Chiller Free - Fully Furnished - Ready To Move

    Dream Oshan Properties logo image

    Easy 19, International City Phase 2, Al Warsan 4, Al Warsan, Dubai

    studio

    1

    426 sqft

  • Apartment - 1 Bedroom - 2 Bathrooms for rent in Al Amir Hamad Building - International City Phase 2 - Al Warsan 4 - Al Warsan - Dubai
    10

    Apartment

    64,000 AED/year

    Big Size 1BR - Close Kitchen - Very Good Finishing

    Dream Oshan Properties logo image

    Al Amir Hamad Building, International City Phase 2, Al Warsan 4, Al Warsan, Dubai

    1

    2

    862 sqft

  • Apartment - 1 Bedroom - 2 Bathrooms for rent in Al Amir Hamad Building - International City Phase 2 - Al Warsan 4 - Al Warsan - Dubai
    10

    Apartment

    63,000 AED/year

    Like Brand New - For Family - BOOK Now - 1 Parking

    Dream Oshan Properties logo image

    Al Amir Hamad Building, International City Phase 2, Al Warsan 4, Al Warsan, Dubai

    1

    2

    757 sqft

  • Explore this Off-Plan Project that fits your search criteria with flexible payment plans:
    Hado by Beyond
    Off-plan
    Delivery Date: Q2 2029
    Beyond developer Logo

    Hado by Beyond

    Hado by Beyond, Dubai Islands, Dubai

    1 - 4 Beds

    Launch price:

    2,300,000 AED

    Payment Plan: 10/40/50
    See all off-plan projects
  • Apartment - 1 Bedroom - 2 Bathrooms for rent in L'horizon Residence - International City Phase 2 - Al Warsan 4 - Al Warsan - Dubai
    10

    Apartment

    62,000 AED/year

    Brand New - Ready To Move - All Amenities

    Dream Oshan Properties logo image

    L'horizon Residence, International City Phase 2, Al Warsan 4, Al Warsan, Dubai

    1

    2

    786 sqft

  • Apartment - 1 Bedroom - 2 Bathrooms for rent in L'horizon Residence - International City Phase 2 - Al Warsan 4 - Al Warsan - Dubai
    9

    Apartment

    63,000 AED/year

    Brand New - Good Size 1BHK - Booked Now - GYM Pool

    Dream Oshan Properties logo image

    L'horizon Residence, International City Phase 2, Al Warsan 4, Al Warsan, Dubai

    1

    2

    765 sqft

  • Apartment - 1 Bedroom - 2 Bathrooms for rent in Jaddaf Views - Al Jaddaf - Dubai
    9

    Apartment

    88,000 AED/year

    Stunning 1 BR+Store / Easy 6 instrument / Family

    Dream Oshan Properties logo image

    Jaddaf Views, Al Jaddaf, Dubai

    1

    2

    717 sqft

  • Apartment - 2 Bedrooms - 3 Bathrooms for rent in Jaddaf Views - Al Jaddaf - Dubai
    10

    Apartment

    125,000 AED/year

    Charming 2 BR+Store - Near Downtown & Wafi Mall

    Dream Oshan Properties logo image

    Jaddaf Views, Al Jaddaf, Dubai

    2

    3

    1,284 sqft

  • Apartment - 1 Bedroom - 2 Bathrooms for rent in Al Waleed Garden 1 - Al Waleed Garden - Al Jaddaf - Dubai
    9

    Apartment

    75,000 AED/year

    Lowest Price 1 BR | Kids Play Area | Jaddaf DHCC2

    Dream Oshan Properties logo image

    Al Waleed Garden 1, Al Waleed Garden, Al Jaddaf, Dubai

    1

    2

    882 sqft

  • Explore this Off-Plan Project that fits your search criteria with flexible payment plans:
    Terra Gardens
    Off-plan
    Delivery Date: Q4 2029
    Emaar Properties developer Logo

    Terra Gardens

    Terra Gardens, Expo City, Dubai

    1 - 3 Beds

    Launch price:

    2,270,000 AED

    Payment Plan: 10/70/20
    See all off-plan projects
  • Apartment - 2 Bedrooms - 3 Bathrooms for rent in Al Waleed Garden 1 - Al Waleed Garden - Al Jaddaf - Dubai
    12

    Apartment

    120,000 AED/year

    2 BR Burj View | Huge Bedrooms Size | Bright DHCC2

    Dream Oshan Properties logo image

    Al Waleed Garden 1, Al Waleed Garden, Al Jaddaf, Dubai

    2

    3

    1,359 sqft

    • Find apartments for rent in Dubai with average rental prices that are generally in line with the national average across all terms. [Monthly prices](https://www.propertyfinder.ae/en/rent/dubai/apartments-for-rent-monthly.html) start at 3,300 AED and typically reach 21,000 AED, matching the country average. Yearly rents begin at 10,000 AED, with an average of 226,000 AED, compared to the national average of 275,000 AED. Apartment sizes in Dubai range from 390 to 1,800 sqft, with an average of 930 sqft. Most units include balconies, built-in wardrobes, central air conditioning, kitchen fittings, study areas, walk-in closets, maid's rooms, and views overlooking water or iconic surroundings. Many apartments are also Vastu compliant. Additionally, residents benefit from shared amenities in apartment buildings, ranging from gyms and pools to saunas, children’s play areas, barbecue facilities, concierge services, secure parking, stylish lobbies, 24/7 security, and pet-friendly policies.
  • Apartment - 1 Bedroom - 2 Bathrooms for rent in Al Waleed Garden 1 - Al Waleed Garden - Al Jaddaf - Dubai
    12

    Apartment

    82,000 AED/year

    1 BR With Laundry Room | Extra Storage | Biggest

    Dream Oshan Properties logo image

    Al Waleed Garden 1, Al Waleed Garden, Al Jaddaf, Dubai

    1

    2

    988 sqft

  • Apartment - Studio - 1 Bathroom for rent in Roxana Residences - District 12 - Jumeirah Village Circle - Dubai
    16

    Apartment

    54,000 AED/year

    Modern Style l Elegant Fully Furnished Studio

    Dar Al Khobra Real Estate logo image

    Roxana Residences, District 12, Jumeirah Village Circle, Dubai

    studio

    1

    430 sqft

  • Apartment - 2 Bedrooms - 3 Bathrooms for rent in Emerald Vision Tower - Jumeirah Village Triangle - Dubai
    15

    Apartment

    160,000 AED/year

    BRAND NEW I 2BHK+Study I High Floor I Villa View

    Featured

    M C Homes Real Estate logo image

    Emerald Vision Tower, Jumeirah Village Triangle, Dubai

    2

    3

    1,393 sqft

  • Apartment - 2 Bedrooms - 3 Bathrooms for rent in Al Khair 1 - Al Satwa - Dubai
    15

    Apartment

    125,000 AED/year

    Near Satwa Park / High Clean / City Walk Book Now

    Al Khair 1, Al Satwa, Dubai

    2

    3

    1,293 sqft

  • Explore this Off-Plan Project that fits your search criteria with flexible payment plans:
    Lyvia by Palace
    Off-plan
    Delivery Date: Q3 2029
    Emaar Properties developer Logo

    Lyvia by Palace

    Lyvia by Palace, Dubai Creek Harbour (The Lagoons), Dubai

    1 - 3 Beds

    Launch price:

    2,684,888 AED

    Payment Plan: 10/70/20
    See all off-plan projects
  • Apartment - 2 Bedrooms - 3 Bathrooms for rent in Gardenia Residence - Dubai Hills Estate - Dubai
    30

    Apartment

    230,000 AED/year

    With Huge Terrace | Spacious 2 Bed | Move In Ready

    betterhomes - Motor City logo image

    Gardenia Residence, Dubai Hills Estate, Dubai

    2

    3

    2,034 sqft

  • Apartment - 1 Bedroom - 1 Bathroom for rent in Park Horizon Tower 2 - Park Horizon - Dubai Hills Estate - Dubai
    10

    Apartment

    120,000 AED/year

    Bright | Brand New | Direct Park Access

    betterhomes - Motor City logo image

    Park Horizon Tower 2, Park Horizon, Dubai Hills Estate, Dubai

    1

    1

    654 sqft

  • Apartment - 2 Bedrooms - 3 Bathrooms for rent in Gardenia Residence - Dubai Hills Estate - Dubai
    20

    Apartment

    240,000 AED/year

    Spacious 2 Bedroom plus Maid Room | Move In Ready

    betterhomes - Motor City logo image

    Gardenia Residence, Dubai Hills Estate, Dubai

    2

    3

    1,860 sqft

  • Apartment - 2 Bedrooms - 2 Bathrooms for rent in Seagate Building 2 - Seagate - Mina Rashid - Dubai
    14

    Apartment

    230,000 AED/year

    Spacious 2BR | Waterfront Living | Vacant

    Featured

    D V R C REAL ESTATE L.L.C logo image

    Seagate Building 2, Seagate, Mina Rashid, Dubai

    2

    2

    1,092 sqft

  • Apartment - 2 Bedrooms - 3 Bathrooms for rent in Al Nasr Central Building - Oud Metha - Bur Dubai - Dubai
    16

    Apartment

    105,000 AED/year

    Spacious 2BHK | Prime Location | Ready to Move

    FUTURE EMPIRE REAL ESTATE logo image

    Al Nasr Central Building, Oud Metha, Bur Dubai, Dubai

    2

    3

    1,033 sqft

  • Explore this Off-Plan Project that fits your search criteria with flexible payment plans:
    Avarra by Palace
    Off-plan
    Delivery Date: Q2 2031
    Emaar Properties developer Logo

    Avarra by Palace

    Avarra by Palace, Business Bay, Dubai

    1 - 6 Beds

    Launch price:

    2,839,888 AED

    Payment Plan: 10/80/10
    See all off-plan projects
  • Apartment - 2 Bedrooms - 3 Bathrooms for rent in Merano Tower - Business Bay - Dubai
    12

    Apartment

    110,000 AED/year

    Premium 2BHK | Prime Area | Flexible Cheques

    FUTURE EMPIRE REAL ESTATE logo image

    Merano Tower, Business Bay, Dubai

    2

    3

    990 sqft

  • Apartment - 1 Bedroom - 1 Bathroom for rent in Binghatti Crest - District 13 - Jumeirah Village Circle - Dubai
    18

    Apartment

    88,000 AED/year

    Luxury Furnished | High Floor | Ready to Move

    Dar Al Khobra Real Estate logo image

    Binghatti Crest, District 13, Jumeirah Village Circle, Dubai

    1

    1

    630 sqft

  • Apartment - 1 Bedroom - 1 Bathroom for rent in The Gardens Buildings - The Gardens - Dubai
    9

    Apartment

    87,000 AED/year

    MULTIPLE UNITS | MOVE IN READY | STARTS AT 87K

    Credible Choice Properties logo image

    The Gardens Buildings, The Gardens, Dubai

    1

    1

    710 sqft

  • Apartment - 1 Bedroom - 2 Bathrooms for rent in Intercontinental Residences Business Bay - Business Bay - Dubai
    18

    Apartment

    210,000 AED/year

    Pet Friendly | Multiple Options | Bills included

    Pangea Properties logo image

    Intercontinental Residences Business Bay, Business Bay, Dubai

    1

    2

    753 sqft

  • Apartment - 1 Bedroom - 2 Bathrooms for rent in Rimal 4 - Rimal - Jumeirah Beach Residence - Dubai
    15

    Apartment

    165,000 AED/year

    HUGE LAYOUT | BEACH AIN DUBAI VIEW | ENSUITE

    Sky View Real Estate Brokers logo image

    Rimal 4, Rimal, Jumeirah Beach Residence, Dubai

    1

    2

    1,057 sqft

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Price insights for Apartments in Dubai

Average prices for Apartments for rent in Dubai

CommunityAverage price (AED/year)
Bur Dubai76,665
The Gardens Buildings75,356
Al Karama66,060
Al Khail Gate58,965
Al Nahda54,994
Al Souk Al Kabeer52,592
Al Qusais 149,755
Al Qusais44,383
Deira41,528
Naif40,357

The data displayed is based on Property Finder’s last 12 months’ listing data.

See more price insights

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Your Guide to the Apartments for Rent in Dubai

Dubai has one of the most thriving job markets in the region, a comfortable lifestyle, and tax-free income, making it a hotspot for expats from all over the world.

As a global city and a major business hub of the Middle East, career opportunities are constantly on the rise, which attracts an influx of new residents all the time.

Not only that, but it’s also a major tourist hub with some of the most impressive attractions in the world, such as lofty shopping malls like the Dubai Mall and the tallest buildings like the Burj Khalifa. 

As a result, there’s an increasing demand for rental properties in Dubai, especially for apartments, which are the most popular property type here.

Lifestyle in a Dubai Apartment for Rent

Living in an apartment in Dubai provides a more luxurious lifestyle than in many parts of the world. Most apartment buildings have a gym, swimming pool, 24/7 security, covered parking, kids’ play areas, and on-site maintenance.

Some are even more luxurious, providing sweeping sea views and panoramic vistas from skyscrapers. Moreover, services are generally easy to find, as there are supermarkets, clinics, and schools around most neighborhoods.

Public transportation is accessible with the Dubai Metro, which provides affordable and easy access to key neighborhoods and attractions. Luckily, there are plenty of apartments for rent in Dubai near the Metro.

Types of Flats for Rent in Dubai

There's a wide range of flats for rent in Dubai. Everything from studios to penthouses is available, with the most popular options being studio, 1, 2, and 3-bedroom apartments. Units can be furnished or unfurnished and rented on a long- or short-term basis, and tenants can opt for affordable or luxury apartments for rent in Dubai.

  • Studio apartments: The average size of a studio apartment here is 330 sq ft to 700 sq ft. These are the most affordable types of Dubai apartments for rent and are popular among bachelors.
  • 1-bedroom apartments: A 1-bedroom flat in Dubai ranges from 750 sq ft to 1300 sq ft on average. These units are versatile and can suit an individual or a couple, depending on the size. Some come with 2 bathrooms and a balcony for those who need more space.
  • 2-bedroom apartments: 2-bedroom apartments come at an average size of 1350 sq ft - 2000 sq ft. They’re ideal for small families.
  • 3-bedroom apartments: 3-bedroom apartments in Dubai range from 1,400 sq ft to 2,400 sq ft, making them ideal for larger families.
  • Fully furnished apartments: Fully furnished apartments include everything, like a sofa, a bed with a mattress, appliances, a dining table, and a dresser.
  • Partly furnished apartments: a partly furnished apartment would have only appliances such as a fridge, washing machine, cooker, and oven. Some partly furnished apartments also have living room furniture.
  • Unfurnished apartments: Unfurnished apartments have no furnishings at all except for kitchen cabinets and built-in wardrobes in most apartments.

The prices of these apartments for rent in Dubai differ from one area to another. This is based on many factors, such as location, facilities, and property size. Not only that, but the rental duration and amount of furnishing also impact the price of apartments. 

What Does Chiller Free Mean in Dubai?

A chiller-free apartment in Dubai is an apartment where the tenant does not have to pay air conditioning bills, as the landlord handles them, so they only have to pay their electricity and water bills to DEWA (Dubai Electricity & Water Authority). This saves you the trouble of creating an account with the utility company and helps you cut costs when the AC bills increase in the summer.

Best Areas to Find Dubai Apartments for Rent

People looking for a flat to rent in Dubai have different preferences. Some want luxurious options while others prefer an affordable home. Other concerns include pet-friendliness, the number of bedrooms, the atmosphere, greenery, and access to transportation. So we’ve rounded up some of the most popular areas to rent a flat in Dubai, based on these factors. 

Where to Find a Luxurious Flat for Rent in Dubai

If you’re looking for a swanky apartment for rent in Dubai, there are plenty of areas to choose from. 

Downtown Dubai

Downtown Dubai is at the top of the list for those who want to be at the center of it all. Living here puts you in proximity to the hottest spots in Dubai, such as the Burj Khalifa, Dubai Mall, and the Dubai Opera. The average yearly rent for an apartment in Downtown Dubai is 184,901 AED.

DIFC

Next on the list is the Dubai International Financial Centre (DIFC). Home to ultra-modern architecture, acclaimed art galleries, and fine dining restaurants, this leading business hub will give you the luxurious lifestyle you dream of. 

The apartments for rent in DIFC are known for their opulence and usually sit in high-rise towers. Some of the most popular towers in DIFC are Index Tower, Sky Gardens, and Liberty House. The average yearly rent here is 118,420 AED.

Dubai Marina

We can’t talk about luxurious areas in Dubai without mentioning Dubai Marina. A popular tourist destination, Dubai Marina is known for its lavish waterfront lifestyle, with imposing skyscrapers and yachts dotting the massive marina. Princess Tower, Marina Promenade, and Marina Gate are among the most popular towers here.

There are plenty of apartments for rent in Dubai Marina to explore, from studios to penthouses, with average yearly rentals of 132,565 AED. 

Palm Jumeirah

Palm Jumeirah is one of Dubai’s most iconic destinations, offering resort-style living with stunning sea views and private beach access. Many expats and professionals choose to rent apartments in popular towers here, like Shoreline apartments, Tiara Residences, and The Palm Tower, to enjoy an exclusive coastal lifestyle close to top attractions. The average yearly rental is approximately 345,028 AED.

Jumeirah Beach Residence (JBR)

JBR is a vibrant beachfront community known for its upscale towers, stylish cafes, and family-friendly environment. Those looking for a luxurious Dubai apartment for rent with direct beach access often find JBR ideal. 

Potential tenants can choose from a wide selection of rental apartments, from modern studios to spacious penthouses in apartment complexes such as Rimal, Murjan, and Sadaf. The yearly rent here is 178,006 AED on average.

Bluewaters Island

Bluewaters Island combines luxury with modern waterfront living, featuring premium apartments for rent in Dubai with panoramic views of the sea and Ain Dubai. Bluewaters Residences is the most popular apartment complex here. 

This coveted area is perfect for those who want to rent an apartment in Dubai within an elegant, walkable environment filled with fine dining and boutique shopping. True to its upscale status, the average yearly rent for an apartment in Bluewaters is 510,000 AED.

City Walk

City Walk offers urban elegance in the heart of the city, with contemporary buildings, designer outlets, and tree-lined boulevards. This district is a prime spot for anyone looking for Dubai apartments for rent that blends modern design with a strong community vibe. 

With a variety of apartments in low-rise buildings such as City Walk Residences and Central Park at City Walk, this community is perfect for those who value both style and convenience. The average yearly rent here is 269,072 AED.

Where to Find an Affordable Apartment for Rent in Dubai 

Just like there are plenty of costly flats for rent in Dubai, there’s also no shortage of budget-friendly ones. Some of the popular areas to find an affordable apartment for rent in Dubai are:

Dubai Silicon Oasis (DSO) 

Another great option is Dubai Silicon Oasis (DSO). This quiet community is tucked away from the bustle of Dubai and features a serene, holistic lifestyle. The apartments for rent in Dubai Silicon Oasis are quite affordable and have all the amenities you need to live comfortably. Popular towers in DSO include Silicon Gates, Palace Towers, and Arabian Gate. Yearly rentals here are around 60,714 AED on average.

International City 

One of the most affordable areas in Dubai, International City is uniquely themed after different countries like Spain, Greece, China, and France, and lies next to the lively Dragon Mart shopping center. The apartments for rent in International City mostly come in studio, 1, and 2-bedroom variations, with some 3-bedroom apartments available. The average yearly rent here is 43,793 AED.

Jumeirah Village Circle (JVC)

JVC is one of the most popular areas to rent flats in Dubai. This is because it combines luxury with affordability, as it has elegant buildings with facilities like gyms and pools while still providing reasonably priced apartments. 

Plus, it’s a pet-friendly and family-friendly area that’s rich in amenities, so you’ll always have everything you need around the corner. There are all kinds of apartments for rent in JVC, from studios up to 4-bedroom units. Popular towers in JVC include Bloom Towers, Palazzo Heights, Serenity Lakes with average yearly rents of 76,055 AED.

Plenty of other areas provide affordable flats for rent in Dubai, such as Town Square, Dubai Sports City, and Dubai Production City (IMPZ). 

Upfront fees to consider before renting an apartment in Dubai

Renting an apartment in Dubai comes with initial fees that you need to account for, mainly: 

  • Security deposit: 5% of the yearly rental for an unfurnished apartment and 10% for a furnished apartment.
  • Real estate agency fees: usually around 5% of the first annual rent, and it could be more.
  • Housing Fee (Dubai Municipality Fee): 5% of the annual rent paid in 12 months as a part of the DEWA bill.
  • Ejari: Ejari fees differ depending on whether you pay them online or offline. If offline at the trustees center, then you’ll pay around 220 AED with VAT. 
  • DEWA: AED 2000 security deposit for an apartment, activation charges: AED 130 for small meters, and AED 330 for large meters.

How Much Does it Cost to Rent a Flat in Dubai?

Studio Apartment Prices

Rental costs in Dubai vary greatly depending on the neighborhood and property size. For instance, the average yearly rent for a studio in International City is AED 30,858. Meanwhile, a studio for rent in JVC has a yearly rent of 51,349 AED on average. 

1-Bedroom Apartment Prices

The yearly rent for a 1-bedroom flat in Dubai could range anywhere from AED 40,000, such as in Deira, to over 100,000 AED in premium neighborhoods like Downtown Dubai. For instance, a 1 bedroom apartment for rent in Dubai Marina would cost an average of AED 102,284 yearly, and a 1-bedroom apartment for rent in Downtown Dubai has an average of AED 126,039 yearly. 

2 to 4-Bedroom Apartment Prices

If you’re looking for a bigger apartment in other areas, then the average price of a 2 BHK for rent in Dubai is AED 128,073 yearly. A 3-bedroom apartment stands at a yearly average of AED 333,114, while a 4-bedroom apartment would cost approximately AED 421,792.

With that in mind, you can easily find prices that go above or below average, depending on where you choose to live. 

How Much of Your Salary Should Go to Rent in Dubai?

You should spend no more than 30% of your salary on rent.

Where to Find Newly-Launched Apartments for Rent in Dubai?

Many new projects were completed in 2024 and 2025, offering brand-new apartments for rent in Dubai across multiple areas. 

  • Arjan: Beverly Boulevard, Legacy by Sunrise and Welcome Residency were delivered in 2024.
  • Meydan: Azizi Riviera, Azizi Greenfield, and Azizi Gardens were completed in 2024, and the 100 was completed in 2025.
  • Jumeirah Village Circle: Binghatti Dusk and Dawn by Binghatti were completed in 2024, while Alef Noon Residence was completed in 2025.
  • Business Bay: Canal Bay, Terraces Marasi, and Trillionaire Residences were all delivered in 2024, offering upscale Dubai apartments for rent.
  • Dubai Creek Harbour: Creek Beach Grove and Island Park Phase 2 were delivered in 2025, and Palace Residences was delivered in 2024.

Can a Foreigner Rent an Apartment in Dubai?

Absolutely! Most of Dubai’s population are expats, so they can easily rent an apartment in the emirate. However, a foreigner looking for an apartment for rent in Dubai should be aware that they have to pay a housing fee to the Dubai Municipality, which consists of 5% of the annual rental value. The housing fee is added to the monthly DEWA bill.

Can you Rent an Apartment in Dubai without an Emirates ID?

No, you need an Emirates ID to rent an apartment in Dubai since it's proof of your residency in the UAE. Moreover, an Emirates ID is required for multiple processes involved in renting an apartment, such as registering for Ejari and connecting DEWA.

How Much Can a Landlord Increase Rent by in Dubai?

RERA (Real Estate Regulatory Authority) updated its Rental Index in March 2025, which limits the annual rental increase based on the current rent’s percentage below the market value. 

  • No increase: if the current rent is less than 10% of the market value.
  • 5% increase: if the current rent is 11% - 20% below the market value.
  • 10% increase: if the current rent is 21% - 30% below the market value.
  • 15% increase: if the current rent is 31- 40% below the market value.
  • 20% increase: if the rent is over 40% less than the market value. 

See also: