Calculate My Rent
Rent Budget
Based on the criteria you provided, your monthly rent budget is:
$XX.XX/month50/30/20 Guidelines
Use these 50/30/20 guidelines to help with budgeting decisions. If your rent exceeds the amount allocated for living expenses, consider looking for a lower monthly rent.
50%
LIVING EXPENSES
$XX.XX/mo.
30%
DAILY EXPENSES
$XX.XX/mo.
20%
SAVING
$XX.XX/mo.
DISCLAIMER: This calculator is for illustrative purposes only, and the results provided are merely suggestions. Be sure to carefully assess your finances before signing a lease for a rental residence.
How does our rent affordability calculator operate?
Our OKC Home Realty Services Rent Affordability Calculator is a helpful tool designed to help you determine how much rent you can comfortably afford based on your monthly income before taxes (gross income). Here’s how it works:
- Enter Your Net Income: Enter your income after deductions, such as taxes and social security contributions.
- Specify Your Rent Budget Percentage: It’s generally recommended that you allocate no more than 30% of your income to rent.
- Calculate Your Rent Budget: The calculator will use the information you provide to determine how much rent you can afford to pay each month.
Keep in mind that your actual rent affordability is unique to your lifestyle and future financial goals.
