The amount it would cost to rent out Harry and Meghan's LA home will blow your mind

Prince Harry, Duke of Sussex and Meghan, Duchess of Sussex attend the 2021 Salute To Freedom Gala at Intrepid Sea-Air-Space Museum on November 10, 2021 in New York City.
(Image credit: Getty)

The amount that Prince Harry and Meghan Markle could rent out their exclusive £11 million property for has been revealed. 

Prince Harry and Meghan have been busy since they stepped down as senior royals (opens in new tab) in 2020, announcing exciting new projects and buying their first family home (opens in new tab) together in Los Angeles.

While the lavish Montecito home they purchased when they first moved across the pond has been perfect for the Sussex family since they arrived, they're reportedly now ready to move out of their 18,000 square foot mansion to find their dream home (opens in new tab)—and a recent study has indicated how much they could rent it out for.

The study calculated the average monthly rent by taking 1.1% of a home's overall worth and predicted that the Duke and Duchess of Sussex could make at least £121,000 per month and £1.5 million per year in rent on their stunning property.

The Duke and Duchess of Sussex, Prince Harry and Meghan visit One World Observatory on 102nd floor of Freedom Tower of World Trade Center.

Credit: Getty Images

The nine-bedroom, 16-bathroom mansion, which spans 18,000 square feet on 5 acres of land, is surrounded  by A-list celebrities including Oprah Winfrey, Ellen Degeneres and Ariana Grande.

The Californian estate also has a gym, a wine cellar, a swimming pool, and a guesthouse, as well as beautiful gardens with a tennis court and a putting green, plus a spacious green garden, perfect for Archie and Lilibet.

According to a source, Harry and Meghan are planning to leave the luxe house since they are "not over the moon" with it.

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The Duke and Duchess of Sussex's home is said to feature a separate guest house with two more bedrooms where guests can stay in addition to the nine bedrooms on the property.

Adding on the rental findings a spokesperson for Luxury Hotel said, "With sources recently reporting that Prince Harry and Meghan Markle are thinking of leaving their luxury home in Montecito, it will be interesting to see what the couple decide to do next with the property.

"Given the extraordinary fame of the Duke and Duchess of Sussex, the fact that they have even lived in the property at all will make it one of the most exclusive homes in the world, and if they decide to invest long-term in their luxury mansion by renting it out, they will have no shortage of eager tenants"

Kudzai Chibaduki
Kudzai Chibaduki

Since December 2020, Kudzai Chibaduki has worked as a trainee journalist at FUTURE, capturing all fashion, entertainment, and beauty content for the Lifestyle websites, as well as contributing to the shopping sections for Goodto.com's widely read online magazine. Kudzai previously worked as a freelance fashion wardrobe stylist, directing magazine photoshoots and coordinating the fashion direction of recording artists.