KLOORARent Affordability Calculator
Find out how much rent you can afford with the 30 percent rule and the 40x rule landlords use.
Quick answer: Rent Affordability Calculator: Find out how much rent you can afford with the 30 percent rule and the 40x rule landlords use. Everything runs in your browser, so nothing you enter is uploaded or stored.
How to use Rent Affordability Calculator
- Enter your values in the fields.
- The results update instantly as you type.
- Note or copy the numbers you need.
Features
- Instant results
- Free, no signup
- Runs in your browser, nothing is uploaded
- Works on phone and desktop
How it works
The 30 percent rule multiplies gross monthly income by 0.30. The 40x rule divides yearly income by 40. The debt-adjusted figure keeps total housing and debt under 36 percent.
Worked example
With 5,500 a month, the 30 percent rule gives 1,650, the 40x rule gives 1,650, and 300 in debt payments leaves 1,680 under the 36 percent limit.
Frequently asked questions
What is the 30 percent rule?
Spend no more than 30 percent of gross monthly income on rent.
What is the 40x rule?
Many landlords, especially in New York, ask that your yearly income is 40 times the monthly rent.
Is the Rent Affordability Calculator free?
Yes. It is free, needs no signup and works on any device.