Rent Calculator
Easily calculate how much rent you can afford based on your income.
Income Information
Monthly Expenses
Additional Costs
Maximum Affordable Rent
$1,500
Based on 30% rule
Net Monthly Income
$3,750
Leftover After Rent
$2,250
Monthly Budget Breakdown
Recommended Rent
$1,500
30%
Total Other Expenses
$2,250
60%
Available for Savings
$375
10%
Budget Allocation
Rent Affordability Levels
Rent Rules Explained
30% Rule (Recommended)
Spend no more than 30% of gross income on rent. This is the most widely accepted standard.
28% Rule (Very Conservative)
Used by mortgage lenders, provides extra financial cushion for unexpected expenses.
40% Rule (Maximum)
Only consider if you have minimal debt and excellent job security. Leaves little room for savings.
Important Considerations
Location Factors
High-cost cities may require spending more than 30% on rent, but factor in transportation savings.
Income Stability
Choose lower percentages if your income is variable or you're in a less stable job.
Future Goals
Consider your savings goals, debt payoff plans, and major purchases when setting your budget.
Hidden Costs
Factor in utilities, parking, pet fees, renters insurance, and potential rent increases.