Occupancy Rate Calculator

Calculate occupancy and vacancy rates for rental or hospitality properties.

By Konstantin Iakovlev · Updated April 2026 · Source: CFPB — Owning a Home

Mode
$

Occupancy Rate

84.0%

Vacancy Rate

16.0%

Revenue Analysis

Current Revenue$63,000.00
Max Revenue (100%)$75,000.00
Lost Revenue$12,000.00
Industry Avg (hotels)65–70%
Industry Avg (apartments)93–96%

Use the Occupancy Rate Calculator above to calculate your results. Enter your values and see instant results — all calculations run in your browser.

Disclaimer: This calculator is for informational purposes only and does not constitute tax, financial, or legal advice. Results are estimates based on the information you provide and current rates. Always consult a qualified tax professional or financial advisor for advice specific to your situation.

How It Works

Occupancy rate tells you what share of a rental or hospitality property is filled at a given moment, and the vacancy rate shows the flip side. These figures drive decisions about pricing, marketing, and whether a property is worth holding. With CBRE projecting a 3.8% increase in average rent nationwide in 2026, watching occupancy closely lets owners spot trends early and tune their strategy to protect profitability through the year.

To find the rate, divide occupied units or rooms by the total units or rooms available, then multiply by 100 for a percentage; vacancy is whatever is left after subtracting that figure from 100%. Take 15 occupied apartments out of 20 total: (15 / 20) * 100 = 75%, leaving a 25% vacancy rate.

Consistency in your timeframe matters, so pick a period (daily, weekly, monthly, or annually) and apply it across every input. One frequent error is folding units that are permanently out of service, such as those under major renovation, into the total available count, which drags the occupancy figure down artificially. And a full building isn't automatically a profitable one: if your rents sit too low, strong occupancy can still leave money on the table, so read it alongside your average daily rate or average rent per unit.

Example: 2026 Boutique Hotel Performance

  1. 1 A boutique hotel in a major city has 50 rooms available for rent. Over the month of March 2026, they recorded 1,350 occupied room nights out of a possible 1,550 total room nights (50 rooms * 31 days).
  2. 2 Number of occupied units (room nights): 1,350. Total available units (room nights): 1,550. Occupancy Rate = (1,350 / 1,550) * 100 = 87.1%. Vacancy Rate = 100% - 87.1% = 12.9%.
  3. 3 The hotel's occupancy rate for March 2026 is 87.1%, with a corresponding vacancy rate of 12.9%.
  4. 4 This 87.1% occupancy rate indicates strong performance for the boutique hotel in March 2026, especially considering the average hotel occupancy rate for upscale properties is projected to be around 68% for the year. The low vacancy rate suggests effective marketing and pricing strategies, allowing the hotel to maximize its revenue potential during this period.

Source: CFPB — Owning a Home · Last updated: April 2026

Frequently Asked Questions

How do you calculate occupancy rate?
Occupancy rate = (occupied units / total units) x 100. For a 50-unit apartment building with 47 units rented, the occupancy rate is 94% (47/50 x 100).
What is a good occupancy rate for an apartment building?
A healthy apartment occupancy rate is 95-97%. Below 90% may indicate pricing or property issues. Above 98% may suggest rents are below market and could be increased.
What is the difference between physical and economic occupancy?
Physical occupancy counts occupied units regardless of whether they pay rent. Economic occupancy measures actual rent collected versus potential gross rent. Economic occupancy is lower when tenants receive concessions or fall behind on rent.