Rent Affordability Calculator
Find a rent that fits your income. Many people use 30 percent of gross income as a guide.
Example rent budgets
$40,000 income$1,000
$60,000 income$1,500
$100,000 income$2,500
How this calculator works
We divide your yearly income by 12 to get monthly income, then multiply by the percentage you choose. The 30 percent rule is a common guideline, not a law. Many landlords also ask for income of about three times the monthly rent.
FAQ
Is the 30 percent rule right for me?
It is a starting point. High costs of living or debts may mean you should aim lower.
Gross or take-home income?
The rule uses gross income, before tax. If you want to be safe, use take-home pay and a lower percentage.
What else should I budget?
Utilities, renter insurance, parking and fees are often extra.
Rates and limits last updated: October 2026. This is an estimate for general information only, not financial, tax or legal advice.