Money
Rent Affordability Calculator
Estimate a comfortable maximum rent from monthly income using an adjustable income guideline.
Suggested maximum monthly rent
$1,500.00
- Annual rent
- $18,000.00
- Left after rent and debt
- $3,500.00
- Housing + debt ratio
- 30%
CalculateWise provides estimates for informational purposes only and is not financial, tax, legal, lending or investment advice.
How to use the Rent Affordability Calculator
- Enter gross monthly income.
- Adjust the target percentage if needed.
- Add recurring monthly debt payments.
How it works
The estimate applies your target housing percentage to gross monthly income and shows the amount left after rent and debts.
Formula
Suggested rent = gross monthly income × target percentage
Example
At the 30% guideline, $5,000 in monthly income supports about $1,500 in rent.
Common uses
- Apartment searches
- Household budgeting
- Comparing rent with income