Rent Calculator
Calculate how much rent you can afford based on your income
Calculate how much rent you can afford based on your income and monthly debt obligations. This calculator uses industry-standard guidelines to help you make informed housing decisions.
Rent Calculator
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What is Rent?
Rent is a regular payment made by a tenant to a landlord for the use of property or land. It's typically paid monthly and is one of the largest expenses in most people's budgets.
Financial experts recommend spending no more than 25-30% of your gross monthly income on rent. This ensures you have enough money left for other essential expenses like food, transportation, utilities, and savings. The 33% rule is often used by landlords as a maximum threshold for approving rental applications.