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Rent Affordability Calculator

Discover how much rent you can comfortably afford based on your income, debts, and lifestyle. Get personalized recommendations beyond the 30% rule.

Income

$
$1,000$10,000$20,000

Annual: $60,000

Monthly Expenses

Looking to buy instead? Try our Rent vs Buy Calculator

$

Student loans, car, credit cards

$

Electric, gas, water, internet

$

Gas, transit, car insurance

$
$

Insurance, subscriptions, etc.

%

$500/month

Budgeting Approach

Recommended Monthly Rent

$1,500

30% of your gross monthly income

Affordability Status

Manageable
ConservativeComfortableStretch
$1,000$1,250$1,750
Rent-to-Income
30.00%
Debt-to-Income
6.00%

AI Budget Insights

Monthly Budget Breakdown

$5,000

gross income

Recommended Rent
$1,500
Debt Payments
$300
Utilities
$150
Transportation
$200
Food
$400
Other
$200
Savings
$500

Rent Comparison by Rule

Conservative (20%)

Maximizes savings & flexibility

$1,000
28% Rule

Traditional mortgage guideline

$1,400
30% Rule

Standard rental guideline

$1,500
Your Max Affordable Rent

Based on 30% Rule

$1,500

Quick Tips

  • Most landlords require income of 2.5-3x the monthly rent
  • Factor in move-in costs: first/last month's rent + security deposit
  • Consider utilities not included in rent (can add $100-300/month)
  • Renters insurance is typically $15-30/month

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