Rent Calculator
Calculate your rental costs including utilities, insurance, and maintenance. Get personalized recommendations for your rental budget.
Frequently Asked Questions
What percentage of my income should go to rent?
Financial experts typically recommend spending no more than 30% of your gross monthly income on rent. This is known as the 30% rule and helps ensure you have enough money for other expenses.
What costs should I consider besides rent?
Besides rent, consider utilities (electricity, water, gas), renters insurance, maintenance costs, parking fees, and any other property-specific expenses. Also factor in moving costs and security deposits.
How can I reduce my rental costs?
You can reduce rental costs by sharing with roommates, choosing a smaller property, looking for properties with included utilities, negotiating rent, and considering less expensive neighborhoods while maintaining good commute times.