Rent Calculator (Home)

🏡 Rent Calculator (Home)

Wondering how much rent you can comfortably afford?
Our Rent Calculator gives you a quick and accurate estimate based on your income, debt, and expenses — helping you stay financially smart when choosing your next home.

With this calculator, you can:

  • Find your ideal rent range based on your salary

  • Adjust for monthly debts and expenses

  • See how your debt-to-income (DTI) ratio affects affordability

  • Plan a realistic housing budget before you move

Income Details
$
Debt Obligations
$
Location Factors
%
Affordability Results

You can afford up to $2,400.00 per month on rent

It is recommended to keep your rental payment below $1,866.67 per month.

Recommended
$1,866.67
28.0% of income
Maximum
$2,400.00
36.0% of income

Some landlords may not accept applications with more than 1/3 of gross income on rent, which is $2,200.00.

Risk Assessment: High ●
This exceeds typical landlord requirements. You may need a guarantor or additional documentation.
Budget Breakdown

Budget Breakdown

Category Amount % of Income
Monthly Gross Income $6,666.67 100%
Recommended Rent (28% rule) $1,866.67 28.0%
Maximum Rent (36% rule) $2,400.00 36.0%
Debt Payments $0.00 0.0%
Remaining After Max Rent + Debt $4,266.67 64.0%
Budgeting Tips
  • The 28% rule suggests spending no more than 28% of gross income on rent
  • The 36% rule expands this to include all debt obligations
  • In high-cost areas, some spend up to 40% but this requires careful budgeting
  • Remember to account for utilities (~$150-$300), renters insurance (~$15-$30), and other housing costs

Green=Recommended (≤28%) | Yellow=Caution (≤36%) | Red=Overextended (>36%)

💵 Why Renting Affordably Is Important

Choosing the right rental amount ensures you don’t overstretch your budget and protects your financial health.
Here’s why using a rent calculator is critical:

  • Avoid Overpaying: Many financial experts recommend spending no more than 30% of your monthly income on housing.

  • Balance Your Lifestyle: Save enough for other essentials like food, transport, savings, and entertainment.

  • Prepare for Emergencies: Rent within your means so you’re ready for unexpected costs.

  • Stay Debt-Free: Smart rent planning keeps you from falling into unnecessary debt.

A few minutes using the Rent Calculator can save you years of financial stress.

📈 Factors That Impact How Much Rent You Can Afford

When calculating your affordable rent, important things to consider include:

  • Gross Monthly Income: Higher income allows for a larger rent budget.

  • Debt Obligations: Car loans, student loans, credit card payments — they all lower your rental budget.

  • Utilities and Other Costs: Some rentals include utilities, others don’t. Always check!

  • Lifestyle Choices: Travel habits, savings goals, and personal expenses affect what you can realistically afford.

  • Savings and Emergency Funds: Rent smartly so you still contribute to your savings.

Our Rent Calculator helps you see the full picture before signing a lease.

🚀 Plan Smarter Before You Rent

Don’t guess your rental budget — know it confidently.

Use our Rent Calculator (Home) today to:

  • Find the rent that fits your income

  • Adjust for debts and expenses

  • Create a smarter, stress-free housing plan

Get ready to rent smarter, not harder!