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Guides / Afford it

How much rent can I afford?

Two rules of thumb, and why your budget matters more.

5 min read

You'll hear two numbers: rent of about 30% of your gross income, and landlords asking for income of 40 times the monthly rent (about 2.5 to 3 times rent each month). They're starting points, not rules.

The rules of thumb

  • 30% rule: rent of no more than about 30% of your monthly income before tax
  • Landlord screening: many want yearly income of about 40 times the monthly rent
  • Both ignore debt payments, car costs and where you live

A better check

Build your monthly budget from take-home pay: rent, utilities, food, transport, debt, savings. If rent squeezes out savings entirely, it's probably too high.

Try your numbers

Our rent and move-in cost calculator shows both rules and your move-in cash.

General educational information. Tenant laws vary by state and city. Smart Penny Path isn't paid by any landlord, listing site, mover or insurer.