Rent Affordability Calculator

    Calculate how much rent you can afford using the 30% rule.

    $
    $1,000$250,000

    Take-home pay after taxes

    $
    $0$50,000

    Car loans, student loans, credit cards, etc.

    01

    0 = No (add utility budget), 1 = Yes

    $
    $0$2,000

    Hydro, heat, water, internet

    %
    0%50%

    Percentage of income to save

    Comfortable Rent (30% Rule)

    $1,200

    Conservative Rent (25% Rule)

    $975

    Max Housing Budget

    $1,350

    Monthly Remaining

    $2,400

    Housing Cost Ratio

    30.00%

    Monthly Savings Target

    $450

    Conservative Rent (25% Rule)18.8%
    Max Housing Budget26.1%
    Monthly Remaining46.4%
    Monthly Savings Target8.7%

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    Rate source: CMHC Housing Affordability Guidelines
    Data from Official Sources:StatsCan