Free Rent Calculator - How Much Rent Can You Afford?
Calculate the rent you can afford based on your income. Apply the 30% rule and factor in utilities and other costs.
Quick Answer
The 30% rule suggests spending no more than 30% of gross income on rent. If you earn $60,000/year ($5,000/month), affordable rent is $1,500. Include utilities in this calculation for accurate budgeting.
Key Facts about Rent Calculator:
- 30% rule: rent should be ≤30% of gross income
- 50/30/20 rule: 50% needs, 30% wants, 20% savings
- Include utilities in housing budget
- Many landlords require 3x rent as income
- Consider location, commute, and lifestyle
- Renter insurance typically $15-30/month
Why Use Our Rent Calculator?
Rent budgeting tools:
Affordability Calculator
Calculate affordable rent.
30% Rule
Apply standard rent guideline.
Budget Impact
See rent in your overall budget.
Income Requirements
What income landlords need.
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How to Rent Calculator in 3 Easy Steps
Calculate rent:
Enter Income
Input monthly or annual income.
Add Expenses
Factor in utilities.
View Results
See affordable rent range.
Why Use Our Calculator?
Know your budget
Avoid overspending
Find right price range
Budget accurately
Common Use Cases for Rent Calculator
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Frequently Asked Questions
Everything you need to know about our rent calculator
How much rent can I afford?
30% of gross income. $50K salary = ~$1,250 rent maximum.
The 30% rule suggests rent ≤30% of gross income. On $50K salary ($4,167/month), affordable rent is ~$1,250. Adjust based on debts and lifestyle.
What do landlords require for income?
Usually 3x monthly rent. $1,500 rent needs $4,500/month income.
Most landlords require gross income of 3x monthly rent. For $1,500 rent, you need $4,500 monthly ($54,000 annual) income.
Still have questions? Try the tool yourself!
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