Rent Affordability Calculator

Affordability Framework

Different rules of thumb give different ceilings. Pick what matches your goals.

Rule

Green ≤ 25% of net income
Yellow ≤ 35% of net income
Red > 35% of net income

Income & Monthly Expenses

Use your net (take-home) monthly income. All amounts are USD.

Net Monthly Income * After taxes and deductions. Utilities Internet Cell Phone Food / Groceries Gas / Transportation Health Insurance Premium paid out of pocket (not pre-tax). Renter's Insurance Debt Minimums Student loan, car, credit card minimums. Savings Goal Target monthly contribution to savings/investments. Other

Roommates & Splits

Choose which bills are split evenly across the household.

Number of roommates (0–10)

Household size: 1

Results

Real-time affordability based on your inputs.

Proposed Rent

Proposed Total Rent * Total unit rent before splits.

Affordability Rating

Enter net income to calculate.

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25% 35%

Maximum Rent You Can Afford

Split rent toggle is off.

Max rent share (Green)

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Max rent share (Yellow ceiling)

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Cash-flow rent ceiling

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Above 35% of net income is considered high risk.

Breakdown

Total view assumes equal income and personal expenses per roommate.

Household size

1

Bills split

None

Your monthly non-rent expenses

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Your rent share

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Monthly leftover

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Rent-to-income ratio

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50/30/20 Budget Check

A simple 50/30/20 view. Savings includes your stated savings goal and unallocated monthly cash.

Needs (target ≤ 50%)

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Rent + utilities + groceries + insurance + debt min

Wants (target ≤ 30%)

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Cell + gas + other

Savings & unallocated cash (target ≥ 20%)

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Savings goal + positive unallocated cash

Move-In Cost Estimator

Cash needed up front. Uses the proposed rent in single mode or Scenario A in compare mode.

First month rent multiplier Last month rent multiplier Most landlords don't require this. Set 1 if yours does. Security deposit multiplier Show move-in cost for Your share divides all entered move-in costs when Split Rent is on. Application fee Pet deposit Movers / utilities setup

Total cash needed at signing

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As multiple of monthly rent

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Tallahassee Market Context

FY2026 HUD Fair Market Rent (FMR) values for the Tallahassee, FL HMFA (Gadsden, Jefferson, and Leon counties). FMR is gross rent, so the comparison includes your estimated tenant-paid utilities. Verify current numbers at huduser.gov.

FY2026 HUD Fair Market Rent comparison
Bedroom Size	FMR	Your gross rent vs. FMR
Studio / Efficiency	$1,097	—
1 Bedroom	$1,204	—
2 Bedroom	$1,352	—
3 Bedroom	$1,674	—
4 Bedroom	$1,790	—

FMRs reflect the 40th percentile rent for standard-quality units; your market may run 10–25% higher in popular submarkets.

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