Rent Affordability Calculator
Understanding how much rent you can afford is a crucial step in your housing search. The standard recommendation is to spend no more than 30% of your gross income on housing, but your personal situation may vary.
This calculator helps you determine a reasonable rent budget based on your income, existing debt, and desired allocation of your income toward housing. By adjusting the percentage slider, you can see how different rent-to-income ratios impact your overall budget.
Calculator Inputs
Income Information
Enter your income and choose the pay frequency.
Gross income is your total income before taxes and other deductions.
$
Monthly Debt Payments
Include all current monthly debt payments like car loans, student loans, credit cards, etc.
This is optional but helps provide a more accurate calculation.
$
Percentage of Income for Rent
30%The recommended percentage is usually 30%, but you can adjust based on your situation.
25%30%40%50%60%
Enter your details and click Calculate to see your rent affordability