Rent Affordability Calculator

Find the maximum rent you can afford on your income

A common guideline is to spend no more than about 30% of your gross monthly income on rent. Enter your income to see a rough maximum rent you might aim for.

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%

Max Monthly Rent

$1500

at 30% of income

Max Annual Rent

$18,000

How to Use This Calculator

  1. Enter your gross monthly income (before taxes).
  2. Adjust the percentage if you want to use a guideline other than the default 30%.
  3. Review the suggested maximum monthly rent (and the annual figure).

Why Use This Calculator?

  • Setting a rent budget before apartment hunting.
  • Deciding whether a place is within reach.
  • Comparing two income or rent scenarios.

Real-World Examples

$5,000 monthly income

Thirty percent of $5,000 is $1,500, so the suggested maximum rent is around $1,500 per month.

The 30% guideline

The calculator multiplies your monthly income by the percentage you choose (30% by default). It's a widely used benchmark, not a hard rule — your debts, savings goals, and the local market all matter.

Frequently Asked Questions

Is the 30% rule a hard limit?

No, it's a guideline. In expensive markets many people spend more, while others prefer to spend less to save faster.

Should I use gross or net income?

The classic rule uses gross (pre-tax) income. Using net income gives a more conservative, personal number.

What else should I budget for?

Utilities, renter's insurance, parking, and commuting costs can add meaningfully to your monthly housing total.

Important Disclaimer

A general guideline, not financial advice. Actual affordability depends on your full budget, debts, and local market conditions.

Privacy

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