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How Much Rent Can I Afford Formula:

To determine how much rent you can afford, a general rule of thumb is to divide your annual salary by 40. So the amount of rent you can afford = salary / 40

How Much Rent Can I Afford Definition

It’s important to know how much rent you can afford before renting and apartment. You can use our rent calculator to instantly determine how much rent you can afford. Check our calculator when you’re out apartment hunting to know what your limits are. Also, check out the Rent Per Square Foot calculator we have on the site.