Rent Affordability Calculator
Find how much rent you can afford based on your income and debts, using the 30% rule and the 40× income rule landlords use.
The 30% rule
The most common guideline is to spend no more than 30% of gross monthly income on rent. It dates back to US public housing rules from the 1980s and is still the definition of "cost-burdened" used by the Department of Housing and Urban Development.
Max rent = Annual income ÷ 12 × 0.30
On a $60,000 salary, gross monthly income is $5,000, so the 30% rule suggests rent of up to $1,500 a month.
What landlords look for
Many landlords and property managers require that your gross annual income is at least 40 times the monthly rent (or monthly income of 3× rent, which is similar). A $1,500 apartment therefore needs $60,000 a year. If you fall short, a guarantor or a larger deposit may help.
When 30% is too much
The 30% rule ignores debt, childcare and savings goals. If you have large student loan or car payments, the calculator also checks that rent plus debts stay within 43% of income, the limit many lenders use. Aiming for 25% leaves more room to save for emergencies or a home down payment.
Do not forget the extras
- Utilities, internet and renters insurance, often $150–300 a month.
- Parking, pet rent and amenity fees.
- Move-in costs: first month, security deposit and sometimes last month or broker fees.
Frequently asked questions
How much rent can I afford on $50,000 a year?
About $1,250 a month using the 30% rule. Landlords using the 40× rule would also approve rent of about $1,250.
Is the 30% rule based on gross or net income?
Gross income, before taxes. If you budget from take-home pay, 35–40% of net is roughly equivalent.
What if I cannot meet the 40× income requirement?
Options include a co-signer or guarantor, a larger security deposit, showing savings, or choosing a less expensive unit.
Last reviewed Oct 20, 2026. Results are estimates; check important decisions with a qualified professional.