How to handle rent that is less than median rent for area?

[brahmbhattrd]

If I am charging rent that is less than the median rent for an area, how can I account for that on my taxes?

[LinaJ2018]

If you charged rent at below fair rental price, it is not considered as a rental property for business.  Instead, it is treated as a personal-use property, therefore, the rental income received is nontaxable and no rental expenses are allowed for deductions.