How much rent can I afford?

The common guideline is keeping rent under 30% of gross monthly income. On a $60,000 salary ($5,000/month), that's $1,500/month in rent. Factor in other debts to find a comfortable number.

Rent Affordability Calculator

Estimate affordable rent from income and budget ratios.

This tool runs in your browser. None of your data is saved or sold.

Monthly take-home income ($)

Target housing ratio (%)

Other monthly obligations

Monthly savings buffer ($)

About This Calculator

The standard guideline is to spend no more than 30% of gross income on rent — though many financial advisors prefer 25% of net take-home pay as the more realistic threshold. This calculator factors in your other debt obligations and savings buffer to give you a personalized affordable rent figure.

Estimates only — not financial, tax, legal, or investment advice. Verify important results with a qualified professional before making decisions.

affordable rent = income × ratio − other obligations − savings buffer; annual housing cost = affordable rent × 12; vs. 30% rule = affordable rent − (income × 30%)