Renter’s Budget: How much can you really afford?

The rule of thumb is to budget 25%-35% of your gross income for rent.

Yearly Gross Income

Divide by 12

Multiply by 28

Total Rent=                                      

Estimate Your Other Monthly Costs

Gas & Electric

Other Loan Payments


Credit Card Payments

Cable TV

Medical Expenses




Car Loan and Maintenance


Total =                                              

Add this entire monthly expenses figure to your Target Rent above to help assess your monthly living expenses.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: