Rent Affordability Calculator
Calculate how much rent you can afford based on your income using the 30% rule. Factor in debt payments for a more accurate budget.
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The 30% Rule
Financial experts recommend spending no more than 30% of your gross monthly income on housing costs.
Enter your income to see results
Rent Affordability by Income
| Annual Income | Max Monthly Rent (30%) |
|---|---|
| $30,000 - $40,000 | $750 - $1,000 |
| $40,000 - $60,000 | $1,000 - $1,500 |
| $60,000 - $80,000 | $1,500 - $2,000 |
| $80,000 - $100,000 | $2,000 - $2,500 |
| $100,000 - $150,000 | $2,500 - $3,750 |
| $150,000+ | $3,750+ |
Tips for Affordable Renting
Follow the 30% Rule
Limiting housing costs to 30% of your gross income ensures you have enough left for other essentials like food, transportation, and savings.
Factor in All Costs
Remember that rent is not the only housing cost. Budget for utilities, renters insurance, parking, and potential rent increases.
Consider Your Debt
If you have significant monthly debt payments, you may need to rent below the 30% threshold to maintain a balanced budget.
Build an Emergency Fund
Before committing to your maximum affordable rent, ensure you have 3-6 months of expenses saved for emergencies.