Rent Calculator

Rent affordability calculators

Many clients have a hard time figuring out how much they can afford for a monthly rent. Everyone's financial situation is different, and we understand that, but use these calculators as a rough guideline to help you.

The generally accepted 'standard' of how much you can afford for rent is approximately 30% of your income. Savings, debt, and other expenses could impact the amount you want to spend on rent each month.

One calculator will calculate an estimate rent you can afford when you enter your yearly income, and then what percentage of that income you would want to put towards rent.

The seccond calculator will tell you how much you need to make if the landlord wants their tenants to make a multiple of their rent.

The last calculator will tell you how much you will need at lease signing. Usually you will need bank checks or money orders for 1.5 month's security deposit, your first month's rent, and one month's rent to cover the REALTOR fee. (Sometimes the REALTOR fee is covered by the landlord, but that is a rare occasion)

Try them out! Let me know what you think!