Rent Affordability Calculator
Educational calculators — always consult a licensed professional before making financial decisions.
Your rental
The base rent on your lease. Utilities go in separately below unless the lease already includes them.
Utilities are monthly; renter's insurance is the annual premium from your policy. Enter 0 for anything the rent already covers.
Electric, gas, water, internet combined. Enter 0 if utilities are included in rent.
Average is $150–$300/year. Highly recommended even if not required.
True monthly cost $2,415
Your lease renewal terms or local market trend set the increase. The projection compounds it every year you rent.
US average is 3–5%. Use your local market trend or lease agreement.
Helps project total lifetime cost.
Total cost over 5 years
$155,891
Rent + utilities + insurance with annual increases
Where Your Money Goes
Cost breakdown
Your Saved Scenarios
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Rent Affordability Calculator is built and maintained by the RealCostIQ editorial team. Cost ranges and rates are checked against published industry data and contractor quotes, and revised when the underlying figures move. Read our data methodology or more about who builds this. Every calculation runs in your browser — no account, and none of your inputs are stored.
Cost ranges and rates here are checked against contractor quotes and published industry data. If a number still looks off, email Support@RealCostIQ.com and we'll review and fix it.