How much rent can you afford?
Start with the calculator, or pick your income below to see the rent that fits the 30% rule.
Advertisement
Three rules of thumb
- The 30% rule: rent should be no more than 30% of gross income.
- The 3x rule: income at least 3 times the monthly rent.
- The 50/30/20 rule: half of take-home pay for needs, 30% for wants, 20% for savings and debt.
Rent you can afford onβ¦
All Rent Affordability pages (12)
Sources and further reading
Questions people ask
How much income do I need for $1,500 rent?
Using the 3x rule, you need about $4,500 a month ($54,000 a year) before tax. The 30% rule gives $60,000 a year.
Results are estimates for information only, not financial advice. Read the full disclaimer.
More free calculators
πAuto Loan PaymentsMonthly car loan paymentsπ³Personal Loan PaymentsMonthly personal loan paymentsπ§ΎCredit Card and Debt PayoffTime and interest to clear debtπ¦Savings GrowthMonthly saving, interest and goalsποΈRetirementHow much you need and what to saveβ‘Energy and Running CostsAppliances and EV charging
Advertisement