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Rent affordability (e.g. 30% of income).

Result

Maximum rent

$1,500.00

Common questions

How much rent can I afford?

The 30% rule suggests spending no more than 30% of gross monthly income on rent. If you earn $4,000/month gross, aim for $1,200 or less in rent.

Should I include utilities in my rent budget?

Yes. Factor in average utility costs (electric, gas, water, internet) on top of base rent. Some apartments include utilities; others don't. Budget for the total housing cost.