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Rent Affordability Calculator

See how much rent you can afford based on your income.

Rent affordability

Recommended max rent
$1,500.00
Per year
$18,000.00
Leaves for everything else
$3,500.00

A common rule of thumb is to keep rent at or below 30% of your gross monthly income. It's a starting point for budgeting, not a hard limit — what's comfortable depends on your other expenses and goals.

Using the percentage rule

Multiply your gross monthly income by the percentage you're comfortable spending. A lower percentage leaves more room for savings, debt, and everything else; a higher one may be workable in expensive cities but leaves less slack. Landlords often look for income around three times the rent, which lines up with the 33% mark.

Frequently asked questions

How much of my income should go to rent?

A common guideline is 30% or less of gross monthly income, though what's comfortable depends on your other expenses.

Do landlords have income requirements?

Many look for income of around three times the monthly rent.