How much rent can I afford?

Our rent calculator will tell you how much you should spend on rent. Try our rent affordability calculator.
How much do you earn each year before taxes?
$

Low Range
~15% of Income

 

You live more outside of your apartment than inside of it. Your budget may favor having enough cash for concerts, socializing and dining out...frequently. Spending 15% of your gross income on rent could allow you to save some money. This is a below average amount of your income to spend on rent. This doesn’t take into account any other debts you may have. This is just a suggestion.
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Mid Range
~25% of Income

 

You want an apartment with enough space to spread out and you want some money left over every month. You like to strike a balance between spending time at home and going out for meals and entertainment. Spending 25% of your gross income on rent could give you this kind of balance. This doesn’t take into account any other debts you may have. This is just a suggestion.
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High Range
~35% of Income

 

Having a nice apartment to call home is very important to you. You’re willing to make a few sacrifices on things such as groceries and travel to live in a sweet place. Keep in mind that if your rent is more than 35% of your gross income, some landlords won’t consider your application to lease an apartment. This doesn’t take into account any other debts you may have. This is just a suggestion.
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