Rent Affordability Calculator
Find how much rent you can afford based on your income.
Monthly rent budget
Yearly rent budget
Monthly income left after rent
How it works
Monthly rent budget = yearly income x share / 12. A common rule of thumb is to keep rent near 30% of gross income. It is only a guide, and many renters in expensive cities pay more.
Example: on an income of 60,000, 30% gives a rent budget of 1,500 a month.
Frequently asked questions
Is the 30% rule right for everyone?
No. Debts, savings goals and local prices matter. Adjust the percentage to fit your budget.
Should I use gross or net income?
The rule uses gross income. Using take-home pay gives a stricter budget.
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Last updated October 2026. For information only, not financial advice.