Determine how much rent you can afford based on your income. Use the standard 30% rule or set a custom percentage to find your ideal rental budget.
Enter your monthly income and click Calculate to see your rental budget.
The general rule of thumb is that your monthly rent should not exceed 30% of your gross monthly income. However, this can vary based on:
Some financial advisors suggest using 25-28% to leave more room in your budget, while others in high-cost cities may need to stretch to 35-40%. Use this calculator as a starting point, not a hard rule.