Calculator

Rent affordability calculator

Estimate what an applicant can afford based on income.

Formula

monthly gross income × income multiple (typically 1/3)

Inputs

  • Annual income
  • Income multiple

Example

$60,000 income × 1/3 ÷ 12 = $1,667 monthly.

Limitations

Calculators produce estimates. Real numbers depend on your state, lease terms, and property-specific factors. Confirm with a licensed professional before making financial decisions.

Related resources

Keep exploring