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HomeLoansRent Calculator

Rent Calculator

Calculate how much rent you can afford based on your income using the 30% rule.

Your Income

$
30%
20%50%
$

Additional Housing Costs

$
$
$

Based on the 30% rule, your total housing costs (rent + utilities + insurance) should not exceed $1,500 per month.

Rent Affordability Range

Conservative (25%)$1,075More savings room
Recommended (30%)$1,325Balanced budget
Stretch (35%)$1,575Tight budget

Budget Summary

Monthly Income$5,000
Total Housing Costs$1,50030.0% of income
Debt-to-Income Ratio40.0%Acceptable
Money Remaining$3,000For savings & expenses

Recommended Rent

You can afford up to

$1,325

per month for rent

Housing Costs Breakdown

Rent
$1,325
Utilities
$150
Insurance
$25

Monthly Budget

Housing
$1,500
Other Debts
$500
Remaining
$3,000

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Disclaimer

This calculator is provided for informational purposes only. Results are estimates based on the information you provide. Always consult with a qualified financial professional before making important financial decisions.