Rent Calculator
Find out how much rent you can afford based on your monthly income, debts, and savings goals — using both the 30% Rule and a personalised budget method.
How Much Rent Can You Afford?
The most used guideline is the 30% Rule: spend no more than 30% of gross monthly income on rent. A personalised budget subtracts all fixed costs from income to find the actual ceiling.
Tips for Renters
- Landlords typically require income of 2.5–3× the monthly rent.
- Budget separately for utilities ($100–$250/mo), renter's insurance (~$15–$30/mo), and security deposit (1–2 months' rent).
- In high-cost cities the 30% threshold is hard to stay under — aim for 40% maximum.
Frequently Asked Questions
What is the 30% rent rule?
The 30% rule says spend no more than 30% of gross monthly income on rent. Many advisors now recommend 25–28% to leave more for savings.
Do landlords have income requirements?
Most require gross income of 2.5–3× the monthly rent. For a $1,500 apartment you'd typically need $3,750–$4,500/month.
Should I use gross or net income?
The 30% rule uses gross income, but basing it on net (take-home) income gives a more realistic picture of what you can truly afford.
What other costs should I budget for?
Utilities, internet, renter's insurance, parking, and a security deposit (usually 1–2 months' rent) should all be factored in beyond the listed rent.
Is this free?
Yes — completely free, no signup, no data stored.