Rent Affordability Calculator
Educational calculators — always consult a licensed professional before making financial decisions.
Your base rent payment (not including utilities unless they're included).
$
$100$50K
Electric, gas, water, internet combined. Enter 0 if utilities are included in rent.
$
$0$5K
Average is $150–$300/year. Highly recommended even if not required.
$
$0$5K
US average is 3–5%. Use your local market trend or lease agreement.
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0%20%
Helps project total lifetime cost.
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yr
130
Total cost over 5 years
$155,891
Rent + utilities + insurance with annual increases
True monthly cost$2,415
Annual cost$28,980
Rent at year 5$2,574/mo
Rent at year 10$3,131/mo
Where Your Money Goes
Total rent paid92%
$142,991 – $142,991
Total utilities8%
$12,000 – $12,000
Renter's insurance1%
$900 – $900
Cost breakdown
Total rent paid$142,991
Total utilities$12,000
Renter's insurance$900
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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.