Afford Rent Calculator

Before tax, for everyone who will be on the lease.
Reliable income not in the annual figure above, such as a roommate contribution.
HUD's affordability standard is 30 percent of gross income including utilities.
HUD counts utilities as housing cost, so they come out of the housing budget.
Car loans, student loans, credit card minimums.
Required for the take-home-pay budget method.
Food, transport, insurance, childcare - used by the take-home-pay budget method.
Optional. Tests a specific rent against the burden thresholds.
Maximum monthly rent
1,500.00
Rent Affordability Calculator
Maximum monthly housing cost including utilities
1,500.00 currency
Gross monthly income
5,000.00
Annual rent at that maximum
18,000.00
Maximum rent under the landlord 3x-rent screen
1,666.67
Maximum rent under the 40x annual income screen
1,500.00
Worked out from HUD USER (PD&R Edge), "Rental Burdens: Rethinking Affordability Measures" - the 30 percent of gross income standard and the cost-burdened / severely cost-burdened thresholds and 2 other sources.
A budgeting guide, not financial advice or a lending decision. Landlords, lenders and housing programmes apply their own criteria.

How this is worked out

3 steps
  1. Gross monthly income = 60000 / 12 = 5000.
  2. Housing budget at 30% of gross = 1500 per month (HUD counts utilities inside this figure).
  3. Less 0 of utilities paid separately: rent line = 1500.

Results are general information, not financial, tax, legal, medical or engineering advice.