Estimate an affordable monthly rent from your income, using the 30% rule.
The method behind this calculator
A common guideline is to spend no more than about 30% of gross income on rent. Enter your income and any monthly debts to see conservative, standard and stretch rent figures.
Adjust to your own budget and cost of living.
Getting your answer
- Enter your annual gross income.
- Add monthly debts if relevant.
- Read the affordable rent range.
The formula
affordable rent ≈ gross monthly income × 30%
(25% conservative, 35% stretch)
Worked example
The calculator opens with a annual gross income of 60,000, monthly debts of 300. On those figures the affordable rent is $1,500. Underneath, Conservative comes out at $1,250 and Stretch at $1,750. Change any field and every figure updates as you type.
FAQ
How much of my income should go to rent?
The 30% rule is a common benchmark, though high-cost cities often push higher. Lower is safer for your budget.
Should I include utilities?
Landlords look at rent, but your own budget should account for utilities, transport and savings too.
Do landlords have income rules?
Many require income of about three times the rent. This tool reflects a similar ratio.