Rent Affordability Calculator
How Much Rent Can I AFFORD Now?
We’ve got a Rent Affordability Calculator that can help you quickly figure it out to find your next apartment.
How Does the Rent Affordability Calculator Work?
The Rent Affordability Calculator first calculates how much money is available after deducting the monthly expenses.
Above is a table showing a range of rent affordability for various gross annual incomes.
Which Should I Use: Gross Income or Net Income?
Monthly gross income is the income you receive before the government taxes. While, monthly net income is the income after deducting those items from your paycheck.
What are the different types of leases?
- Three to Six-Month Lease - Twelve-Month Lease - Month-to-Month Lease
What Percentage of Income Should Go Towards Rent?
The recommended amount that a person should be spending around 30% of their annual gross income on rent.
Just because you can afford something doesn’t mean you have to spend much on rent. Instead, make better financial decisions.