Rent Calculator
Calculate rent affordability, move-in costs, and total monthly housing expenses. See if your rent fits within the 30% rule.
Formula:Max Rent = Monthly Income × 30%
Rent Summary
Total Monthly Housing
$1,670
Rent + utilities + insurance
Move-In Costs
$3,050
Deposit + first month + fees
Rent % of Income30.0%
Max Affordable$1,500
Annual Housing Cost$20,040
Rent & Income
$1,500
5005,000
$5,000
2,00020,000
Affordability Check
Rent as % of Income
30.0%
Within budget
Max Affordable (30% rule)
$1,500
$0 under budget
Money Left After Rent
$3,330
For other expenses
Move-In Costs
Security Deposit$1,500
First Month$1,500
Application Fee$50
Total Move-In Costs$3,050
Monthly Expenses
Monthly Housing Cost Breakdown
Future Rent Projections
3%
010
| Year | Monthly Rent | Annual Rent |
|---|---|---|
| Year 1 | $1,500 | $18,000 |
| Year 2 | $1,545 | $18,540 |
| Year 3 | $1,591 | $19,096 |
| Year 4 | $1,639 | $19,669 |
| Year 5 | $1,688 | $20,259 |
Rent Summary
Total Monthly Housing
$1,670
Rent + utilities + insurance
Move-In Costs
$3,050
Deposit + first month + fees
Rent % of Income30.0%
Max Affordable$1,500
Annual Housing Cost$20,040
What if rent was different?
See how rent affects your affordability
$500$1,500$4,000
% of Income
30.0%
Move-In Costs
$3,050
Annual Cost
$20,040
Personalized Insights
2 insights based on your inputs
Within Budget
30% meets the 30% rule. You should still have money for other needs.
Negotiate Before Signing
Ask about: waived application fees, reduced security deposit, free parking, or rent concession. Landlords often negotiate, especially in slower markets.
Related Calculators
Explore other tools that might help
Frequently Asked Questions
The traditional rule is to spend no more than 30% of your gross monthly income on rent. Some experts suggest 25% for more financial flexibility. If you earn $5,000/month, aim for $1,250-$1,500 rent. Consider total housing costs including utilities and insurance.
Move-in costs typically include: first month's rent, security deposit (usually 1-2 months rent), last month's rent (sometimes), application fees ($25-75), and potentially pet deposits or fees. Total move-in costs can be 2-4 times monthly rent.
A security deposit is a refundable payment held by the landlord to cover potential damages beyond normal wear and tear or unpaid rent. It's typically 1-2 months rent and is returned (minus deductions) when you move out if the property is in good condition.
Utility costs vary by location, apartment size, and usage. Average monthly costs: electricity $50-150, gas $30-100, water/sewer $20-50, internet $50-100, trash $15-40. For a 1-bedroom apartment, budget $150-300/month total for utilities.
Renters insurance is highly recommended and often required by landlords. It covers your personal belongings against theft, fire, and other disasters. It also provides liability protection if someone is injured in your apartment. Cost is typically $15-30/month.
How this works
Calculations are run entirely in your browser. No inputs are sent to our servers and no account is required. Formulas follow standard US definitions from the IRS and the CFPB where applicable; international users should confirm local tax and regulatory rules apply.
What this tool can’t do
When to consult a professional
This is a software engineering tool, not financial advice. Run the math here, then take the result to a certified financial planner, CPA, or your bank before making a decision that materially affects your money.
Sources
- [1]Consumer Financial Protection Bureau (CFPB)Official sourceconsumerfinance.govAccessed Apr 21, 2026
US consumer finance regulator; authoritative on mortgage disclosures, APR rules, credit cards.
Joseph OrdunaFounder & Software Engineer
Full-stack software engineer specializing in embedded systems, web architecture, and AI/ML. Founder of Practical Web Tools. Built the gesture-controlled drone IP acquired by KD Interactive (Aura Drone, sold on Amazon).
Rent Summary
Total Monthly Housing
$1,670
Rent + utilities + insurance
Move-In Costs
$3,050
Deposit + first month + fees
Rent % of Income30.0%
Max Affordable$1,500
Annual Housing Cost$20,040