Rent Affordability Calculator
Estimate affordable monthly rent from income and rent-to-income percentage.
How this calculator works
How to use this calculator
Enter your monthly gross income and the percentage of income you want to spend on rent. The calculator estimates affordable monthly rent.
Formula used
Affordable Rent = Monthly Gross Income × Rent Budget Percentage.
Example calculation
If monthly gross income is $5,000 and the rent budget is 30%, affordable rent is $1,500 per month.
What the result means
The result is a simple rent budget estimate. It does not include utilities, debt payments, insurance, savings goals, or local cost of living.
Frequently asked questions
Should I use gross or net income?
This calculator uses gross income because many rent rules of thumb use income before taxes. You can use net income if you prefer a more conservative estimate.
Is 30% always the right rent budget?
No. The right budget depends on your income, debt, location, and personal expenses.
Does this include utilities?
No. Add utilities separately when planning your total housing budget.