Rent Affordability Calculator
Determine how much rent you can afford based on the 30% rule and your income. Enter values for instant results with step-by-step formulas.
Reviewed by Sahil, Senior Finance & Tax Editor
Reviewed by Sahil, Senior Finance & Tax Editor
Formula
Max Rent = Monthly Income × (Rent Ratio / 100)
The 30% rule: spend no more than 30% of gross income on rent. With debts, the 50/30/20 rule suggests needs (including rent) ≤ 50% of income.
Worked Examples
Example 1: $5K/mo income
Problem:$5,000/mo income, $300 debts, 30% target
Solution:Max rent = $5,000 × 30% = $1,500
Result:$1,500/mo max rent
Reviewed by Sahil, Senior Finance & Tax Editor · Editorial policy