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November 2, 2012

Rent Calculator: Find Out How Much You Should Spend On Rent

A recent study indicates that one in three Chicago renters (and one in four renters nationally) spends more than half his income on rent and utilities.  Apartment hunting is all about finding a good deal, so everyone's been asking: "How much should I spend on rent?

The general rule of thumb is that your monthly rental payments (excluding utilities) should not exceed 30% of your monthly income.  So, to help you budget effectively, we created this handy rent calculator.

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