The mode of the rents is $1,000 which is the most common rent
What is rent?
Rent is the amount of money a tenant needs to pay to the landlord in order to be entitled to make use of the landlord's property and it is reward for landlord's ownership.
What is mode?
Mode in a set of data is the most frequent value and in this case is the most common rent amount , which is $1,000 rent because the rent of $1,000 occurred twice for property sales values of $133,500 and $137,500.
Rents of $1,100,$1,050,$1,500,$950 and $900 only occurred once.
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