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Rent Affordability calculator

Work out the highest rent you can afford from your income, existing debts and a safety buffer.

How it works Report a problem

Rent Affordability calculator

Enter your values below and press Calculate to see your result instantly.

Recommended Monthly Ceiling
$1,875
CONSERVATIVE (30%)
$1,875
AGGRESSIVE (45%)
$2,412
Your low debt ratio allows for a High affordability index. You can safely allocate up to $1,875 without budget strain.

About the Rent Affordability calculator

Work out the highest rent you can afford from your income, existing debts and a safety buffer.

How to use the Rent Affordability calculator

  1. Enter your Annual Gross Income and Monthly Debt / Obligations.
  2. Enter a Desired Safety Buffer (%).
  3. Press Calculate Max Rent.

Formula and method

A common guideline is that rent should be about 30% of gross monthly income. The calculator lowers that figure to leave room for debts and your safety buffer.

Tips

  • Landlords often want income of about three times the monthly rent.
  • Include utilities and renter's insurance in your budget.

Frequently asked questions

Is the 30% rule realistic?
It is a starting point. In expensive cities many people pay more, which leaves less for savings.