Rent Affordability Calculator Sheet
Find out how much rent you can realistically afford.
Download the Affordability Sheet
This spreadsheet helps you calculate a recommended rental budget based on the 30% rule.
What's in the Sheet
- A field to input your gross annual or monthly income.
- An automatic calculation of your maximum recommended rent (based on 30% of income).
- A section to factor in other housing costs like utilities and internet.
- A final calculation of your total housing budget.
Key Features
Avoid Housing Stress
Ensure your rent is at a sustainable level for your income.
Simple Calculation
Based on the widely accepted 30% rule for housing costs.
Full Cost Picture
Reminds you to budget for utilities and other housing expenses.
How to Use This Sheet
- Download the .xlsx file.
- Enter your gross (before tax) income.
- The sheet will calculate your recommended maximum rent.
- Add your estimated costs for utilities to see your total housing budget.
Expert Insights
The 30% rule is a guideline that suggests you should spend no more than 30% of your gross income on housing costs. This helps ensure you have enough money left over for other expenses, savings, and discretionary spending. This calculator makes it easy to apply that rule to your own situation.