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How much rent can you afford?

It depends on how much dough you're bringing in


How much do you earn each year? (before taxes)

$

Low End 20%

Middle of the Road 30%

High End 40%

 

 

 

you live more outside of your apartment than in it. you like to go to shows, you spend time at friends’ places, and you eat out a lot. spending 20% of your gross income on rent will likely allow you to save some money. for your income, this is a below average amount to spend on rent. remember that this does not take into account any other debts you may have. this is just a suggestion.

you don't want to be cramped, and you want money left over every month. you strike a balance between being home and going out. 30% is the recommended amount of gross income to spend on rent. remember that this does not take into account any other debts you may have. this is just a suggestion.

a nice home is very important to you. you are willing to live on a steady diet of ramen noodles to live in a sweet place. some landlords will not even consider you as a potential tenant if your rent is more than 40% of your gross income. remember that this does not take into account any other debts you may have. this is just a suggestion.