🏢 Rent Calculator

Our Rent Calculator helps you evaluate whether your rent is affordable based on your monthly income. It calculates your rent-to-income ratio and compares it against the widely recommended 30% rule, helping you make informed housing budget decisions.

The calculator divides your total monthly housing costs (rent + utilities) by your gross monthly income and multiplies by 100 to get the percentage. The 30% rule suggests spending no more than 30% of gross income on housing. A higher ratio may indicate rent burden, which can strain your budget for other essentials.

1. Enter your monthly rent amount.
2. Enter your gross monthly income (before taxes).
3. Add estimated monthly utility costs.
4. Click Calculate to see your rent-to-income ratio and whether it fits within the 30% guideline.

What is the 30% rule?

It is a common budgeting guideline suggesting that no more than 30% of your gross monthly income should go toward housing costs. Landlords also use this to screen tenants.

What happens if my ratio exceeds 30%?

Consider finding a roommate, negotiating rent, or looking in a more affordable area. Some cities have rent control that can help.

Should I include utilities?

Yes. Utilities add significant costs. Including them gives a more accurate picture of true housing affordability.

This tool is for informational purposes only and does not constitute financial advice. Consult a qualified financial professional for advice specific to your situation.

Aim to keep total housing costs under 30% of gross income for financial flexibility. If you live in an expensive city, up to 40% may be necessary, but cut discretionary spending accordingly. Review your rent annually and negotiate renewal terms.