Determine if you meet the standard landlord requirement: Gross income must be at least 3x the monthly rent.
Income & Rent
Affordability Status
APPROVED
You meet the 3x income requirement.
Max Rent for You$1,667Based on 3x rule
Income Needed$54,000To afford target rent
About this calculator
Overview
The 3x Rent Rule is a common industry standard used by landlords to ensure tenants have enough income to cover rent along with taxes, utilities, and life expenses.
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Pro Tips
Landlords look at 'Gross Income' (before taxes), not your take-home pay.
The rule of thumb is roughly equivalent to spending 30% of your gross income on housing.
In high-cost-of-living areas, some landlords use a 40x rule (Annual Income / 40 = Max Monthly Rent).
If you are slightly below the limit, a co-signer or a larger security deposit might help your application.
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Fun Facts
Formula: Max Monthly Rent = (Gross Annual Income / 12) / 3
