Rent Calculator FAQ
Frequently Asked Questions
How much rent can I afford?
The general rule is to spend no more than 30% of your gross monthly income on rent. For example, if you earn $5,000/month, your rent should be under $1,500.
What's included in the 30% rule?
The 30% rule typically includes base rent only. You should budget separately for utilities, renter's insurance, parking, and other fees.
Should I use gross or net income for rent calculations?
Use gross income (before taxes) for the 30% rule. This is the standard used by landlords and financial advisors.