🏠 Finance & Money

Rent Affordability Calculator

Find out how much rent you can afford based on your income and living costs.

The 30% Rule

The most widely used guideline is that rent should not exceed 30% of your gross monthly income. In Australia's capital cities, many renters are housing stressed, spending over 30% due to tight vacancy rates.

Australian Rental Tips

Budget 4-6 weeks bond upfront in addition to first rent
Factor in utilities: electricity, gas, internet (~$300-400/mo)
Renters insurance costs around $20/month and is worth it
Weekly rent x 52 / 12 = your monthly cost

Rent Affordability Calculator

Find out how much rent you can comfortably afford.

Annual gross income ($)

Monthly debt repayments ($)

Monthly living expenses ($)

Affordability rule

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