Rent Calculator
Analyze your rental costs and determine if your rent is affordable based on your income.
Total monthly cost
$2,075
$24,900 per year
Rent-to-income ratio
33.2%
Affordability
Moderate
0%25%30%50%
Recommended max rent
$1,600/mo
Based on the 30% rule for housing costs
Cost breakdown
Base rent(86.7%)
Utilities(7.2%)
Insurance(1.2%)
Parking(4.8%)
Base rent
$1,800Utilities
$150Insurance
$25Parking
$1005-year rent projection
2295,3631721,5221147,681573,8410
| Year | Monthly rent | Annual cost | Ratio |
|---|---|---|---|
| 1 | $1,854 | $25,548 | 34.1% |
| 2 | $1,910 | $26,215 | 35.0% |
| 3 | $1,967 | $26,903 | 35.9% |
| 4 | $2,026 | $27,611 | 36.8% |
| 5 | $2,087 | $28,340 | 37.8% |
The 30% rule
Financial experts recommend spending no more than 30% of gross income on housing. This leaves room for other expenses, savings, and financial goals.
Hidden rental costs
Beyond rent, consider utilities, renters insurance, parking, pet fees, move-in costs, and potential rent increases. These can add 10-20% to your base rent.
Negotiating rent
Research comparable rentals, offer longer lease terms, pay multiple months upfront, or negotiate timing (winter months often have better deals). Good credit and references help too.