Rent Calculator

Determine how much rent you can comfortably afford

Your Financial Information

$
$100$150,000$300,000
$
$100$100,000$200,000

student loans, car loans, credit cards, etc.

Rent Affordability Results

Based on your income of $6,666.67/month, you can afford up to $0.00 per month on rent.

Recommended rent is below $0.00 per month.

SafeAcceptableAggressiveAbove Budget
$0.00
Safe
30% of income
$0.00
Acceptable
35% of income
$0.00
Aggressive
40% of income
$0.00
Above Budget

Landlords often require rent not to exceed 1/3 of gross income: $0.00 per month

How it's calculated

We use 30%, 35%, and 40% of your income after obligations (debt and expenses) to calculate safe, acceptable, and aggressive rent affordability. Landlord threshold is based on gross income.

The journey to find your new home begins with determining what is in your budget. A Rent Calculator allows you to calculate how much you should pay in rent each month based on your income, debt, and expected expenses. If you are looking for your first apartment or moving into a larger apartment, our Rent Calculator will give you a clear breakdown of what is in your budget range, acceptable range, or aggressive range based on your unique situation.

Unlike other calculators, our Rent Calculator uses standard industry formulas (30%, 35%, or 40% of your gross income) to make renting easy. Simply enter your income, debt payments, and other factors and you will receive instant indications of safe and realistic prices you should pay for rent.

Rent Calculator

Why use a Rent Calculator?

Rent calculators are necessary to make sound rental decisions. Rent prices have been rising in many cities, making it easy to overextend your budget without awareness. Using a Rent Calculator guarantees:

You understand exactly how much you can spend on rent.
You prevent financial pressure, through balancing rent with other fixed expenses.
You know what landlords typically request to qualify a person for rent (generally 30% of gross pay).
You make informed decisions about housing whether renting alone, with a partner, or with roommates.
You are saving for something in the future (e.g., a home, investments).

Our Rent Calculator is accurate, easy to use, and highly customized for your needs and can provide a level of financial confidence for you.

How the Rent Calculator Works

The Rent Calculator formula calculates your best rent option based on three level affordability benchmarks:

Safe Rent (30% of income) - The safest option financially, giving you plenty of money to save or use on other expenses.
Acceptable Rent (35% of income) - A reasonable option for someone who is okay with spending a little more on housing.
Aggressive Rent (40% of income) - An option for areas of high demand where rent may need to be higher.

The Rent Calculator will also include your debt payments (e.g., student loans, car payment, credit cards, etc.) to provide a realistic estimated monthly rent payment. Options can easily be toggled with one-click selections (e.g., including taxes) to provide more educated and careful decisions.

Benefits of Our Rent Calculator

1.
Quick & Accurate Estimates - You can calculate the maximum monthly rent you can afford based on income & expenses.
2.
You Can Change The Inputs - You can change yearly or monthly income amounts alongside debts and tax values.
3.
User Friendly Design - A simple slider-based design for fast calculations.
4.
Financial Insights - Get visual charts showing what's safe, acceptable, or aggressive.
5.
Save Time - Skip manual math and instantly see rental affordability levels.
6.
Better Information for Decision Making - Use either information when negotiating rent or making home searches.

We provide tools to help renters stay within a budget and avoid pitfalls of affordability.

Why Rent Affordability is Important

Rent is typically your largest monthly expense. When you pay too much rent, you may be unable to save, effectively pay debt, or live a comfortable lifestyle. As you use the Rent Calculator, you're making a claim to take control of your finances and define if your rental payment is sustainable to your longer-term goals. Whether your move is to a new city or you're upgrading apartments you will know your housing affordability thresholds quickly after using this tool.

Searching for a rental home doesn't have to be that difficult. Use the Rent Calculator on this page to gain control of your rental budget, project for the future, and avoid common financial problems. Remember this page for next time you move and share with friends or roomates.

With rental prices on the rise, it is more important than ever to make thoughtful financial decisions. This Rent Calculator is your first step towards renting smarter.

FAQs

Our Rent Calculator uses standard affordability ratios (30%, 35%, and 40%) and takes your debt into account, making it a highly accurate estimate of your ideal rent budget.

Yes, if you would like a more conservative estimate. If you select "Include Tax", then the estimate will use your net income to generate the estimate, opposed to gross.

Landlords generally would prefer that your rent payment be around 30% of your gross monthly income. The Rent Calculator uses these industry standards.

Yes! Just add together all of your household income to calculate an estimated rental budget.

Any time you have a change in income, debt, or living situation, use the Rent Calculator to assure that you are making the right financial decisions.

Yes! Our Rent Calculator is free to use, easy to use, and available to you online whenever you need it!