Rent Affordability Calculator
Find out how much rent you can afford. Enter your monthly income and select a budgeting rule to see your maximum recommended rent.
How to Use
1
Enter your gross monthly income.
2
Select a budgeting rule.
3
Click Calculate.
Formula
30% Rule
Monthly Income x 30% = Max Rent
Example
With $5,000/month income and the 30% rule, you can afford up to $1,500/month rent, leaving $3,500 for all other expenses.
Why It Matters
Spending more than 30% of income on housing is considered "cost-burdened" by HUD. In high-cost cities, many people spend 40-50% which limits savings and financial flexibility.
Who Uses This Calculator?
- • People handling everyday planning questions around dates, tips, discounts, fuel costs, rent, hours, and similar decisions.
- • Households, students, workers, and shoppers who need a fast estimate for a practical daily calculation.
- • Anyone who wants a simple browser-based calculator without an account or spreadsheet setup.
Frequently Asked Questions
Should I use gross or net income?
Use gross (before tax) for the standard 30% rule. For a more conservative approach, use net (after tax) income with a 25% rule.
Does the 30% rule include utilities?
Ideally yes. Your total housing cost (rent + utilities + insurance) should not exceed 30% of income. Budget $100-200/month for utilities on top of rent.
What if rent is too expensive in my city?
Consider roommates, a longer commute, or negotiating rent. In very high-cost areas (NYC, SF), 40% may be unavoidable. Cut other expenses to compensate.
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This calculator provides estimates for informational purposes only. Verify results with a qualified professional for important decisions.