Rent Affordability Calculator
Enter your gross monthly income and your target rent-to-income percentage to see your recommended maximum rent.
Rent Affordability Calculator
Calculate how much rent you can afford based on your income and a target rent-to-income percentage.
A common budgeting guideline suggests spending no more than about 30% of gross monthly income on rent, though this varies with local cost of living and personal financial goals. This calculator applies your chosen percentage to your income to suggest a maximum affordable rent.
Example
- With the default values shown above, this calculator returns: Maximum Affordable Rent ≈ USD 1,500.00; Annual Rent Budget ≈ USD 18,000.00.
Frequently Asked Questions
Why 30%?
30% of gross income is a commonly cited budgeting guideline for housing costs, though many people in high-cost areas spend more, and financial experts increasingly treat it as a rough starting point rather than a strict rule.
Should I use gross or net income?
This calculator uses gross (pre-tax) income, matching how most budgeting guidelines and landlord income requirements are typically expressed.