Calculate the maximum monthly rent you can afford based on your income using the 28% and 30% affordability rules.
Electricity, water, internet
Renters insurance, parking
Rent only
Rent after utilities
| Annual Income | $75,000 |
| Gross Monthly Income | $6,250 |
| 28% Rule (Rent Only) | $1,750 |
| Monthly Utilities | $150 |
| Other Housing Costs | $30 |
| 30% Rule (Rent + Utils) | $1,695 |
| Total Housing Budget (30%) | $1,875 |
| Guarantor Income Needed (40x) | $67,800 |
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28% Rule: Max Rent = Gross Monthly Income × 28%
30% Rule: Max (Rent + Utils) = Gross Monthly Income × 30%
Guarantor Income Needed = Rent × 40
The 28% rule: spend max 28% of gross monthly income on rent alone. The 30% rule (50/30/20 budget): rent + utilities should total 30% of gross income. On a $60K/year salary, that's $1,400–$1,500/month max.
The 28% rule focuses on rent only. The 30% rule from 50/30/20 budgeting includes rent + utilities + renters insurance as your total housing cost. The 30% rule is more realistic for renters.
Not recommended. If rent exceeds 30% of income, you're housing-cost burdened and have less money for other expenses. It's a sign to find cheaper housing or increase income.
Many landlords require guarantor/co-signer income to be 40x the monthly rent or their personal income to support the rent. Add co-signer income to your own if applying with guarantor.
Calculations are for educational purposes only. Consult a qualified financial advisor for personalized advice.