How much rent can I afford?
Get an idea of what you can afford to pay on a monthly basis in rent.
You can afford to pay $0 a month
Spending 30% of your income will leave you with $0(before taxes) for your monthly expenses and debt.
If you spend 20% of your income, you will have $0 left over.
$0
If you spend 40% of your income, you will have $0 left over.
$0
Please note that this calculator provides an estimate and should not be considered as financial advice.
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How it works
Our calculator follows the widely used "30% Rule" to determine rent affordability. This rule suggests that your monthly rent should not exceed 30% of your monthly income. By considering your income, debt, and monthly expenses, we calculate the maximum affordable rent amount based on this guideline.
The rent affordability estimate is based on the 30% Rule, which is a commonly used guideline. However, it's important to note that individual financial circumstances can vary, and this calculator provides an estimate rather than personalized financial advice.
The calculator takes into account your monthly income, debt, and expenses. If you have additional sources of income or specific financial considerations, you may add them into either the monthly debt or expense fields.
While the 30% Rule is a widely recognized guideline, it may not apply to everyone. Factors such as location, personal financial goals, and other individual circumstances can influence rent affordability. It's important to use the estimate as a starting point and consider your unique situation.