Rent Calculator

Tell us where you’re moving, how many bedrooms you need, and your monthly gross income (before taxes), and we’ll help you find the best apartments for rent for your budget!

02.I want to live in a
Studio
1 Bedroom
2 Bedroom
3+ Bedroom
03.
placeholder

Top apartments in your area

  
   
   
  
  
   
   
  
  
   
   
  
  
   
   
  
01.
About usCareersRental Trends (opens in new tab)Support (opens in new tab)Privacy PolicyTerms of UseSitemapSunny.com (opens in new tab)Accessibility (opens in new tab)Partner Portal (opens in new tab)Do not sell or share my personal info
Equal Housing Opportunity (opens in new tab) (opens in new tab) (opens in new tab) (opens in new tab) (opens in new tab) (opens in new tab) (opens in new tab)
Join / Sign in
Account
Join / Sign in
Apartments for Rent
  • Apartments Near MeView apartments in your location
  • Renter HubMoving, insurance, payments, and more
  • Renter ToolsSmarter moves, less stress
  • Rate My RentIs your rent a good deal?
  • Cost of Living CalculatorCalculate your city’s cost of living
  • Rent CalculatorHow much rent should you pay?
  • Renter Life BlogNavigating life as a renter
  • Rent ReportFind the best time to move
Rental Management
  • A-List Smart PlatformAttract. Convert. Keep.
  • A-List MarketAttract move-ready renters
  • A-List NurtureConvert with Leasing AI
  • A-List ResidentMaintenance and Renewals AI
  • Research & Rental ToolsU.S. Rental Market and Renter Insights
  • Rental Management BlogTips on managing your rental
Join / Sign in
  • Short List
  • Join / Sign in
  • Houston Apartments
  • Dallas Apartments
  • San Antonio Apartments
  • Austin Apartments
  • Phoenix Apartments
  • Charlotte Apartments
  • Atlanta Apartments
  • Denver Apartments
  • Seattle Apartments
  • Colorado Springs Apartments
how-much-should-i-spend-on-rent

What Percentage of Income Should Go To Rent?

As mentioned above, our rent calculator uses the 30% rule as a starting point to calculate your ideal rent. The percentage of your income going towards rent will largely depend on your situation. Here are a few things to consider:

  1. Your Location: Living in an expensive and competitive city? Or maybe your income is high you may need to go over the 30% to rent an apartment that fits all of your needs.
  2. Your Budget: Looking for luxury apartments with all the amenities? Or prefer saving as much as possible?
  3. Additional Costs: Consider things like the security deposit, apartment application fee, and the cost of utilities when budgeting for an apartment.

The percentage of income that should go to rent largely depends on your personal situation. Consider all of the factors to determine your ideal rent price.

Read the full article...
calculating rent price

How Much Rent Can I Afford On My Salary?

Need a quick and easy look into how much rent you can afford? Here’s an idea of the ideal rent for various salaries, based on the 30% rule.

  • On a $30,000 a year salary, your ideal rent price is $750.
  • On a $40,000 a year salary, your ideal rent price is $1,000.
  • On a $50,000 a year salary, your ideal rent price is $1,250
  • On a $75,000 a year salary, your ideal rent price is $1,875
  • On a $100,000 a year salary, your ideal rent price is $2,500

As mentioned before, the 30% rule should act as a rule of thumb. Use the slider on our rent calculator to see how your rent payments change with different percentages of your income.

nick-morrison-325805-unsplash-1024x768

What Lease Length is Best For Me?

Debating between a traditional 12-month lease or a short-term lease? While a short-term or month-to-month lease offers more flexibility, they’ll typically be much more expensive than a year lease.

  1. 12-Month Leases: A one-year lease is the most common lease term, and will usually be the most cost-effective option.
  2. Short-Term Leases: Short-term leases can vary, but 3-month and 6-month are the most common short-term leases. The monthly rent will be more expensive than a 12-month, but the leases come with flexibility.
  3. Month-to-Month Leases: A month-to-month lease is the most flexible and expensive option. However, it’s ideal for someone whose personal situation doesn’t allow them to commit to a long-term location.

Keep in mind, not all apartment complexes offer short-term or month-to-month lease options. Whatever lease you choose, make sure to understand the pros and cons of each option.

Read the full article...

How Does the Rent Calculator Work?

Our rent calculator is designed to help renters calculate how much rent they can afford. To find out a renter’s ideal rent price, we consider three factors:

  • The city you wish to rent in
  • How many bedrooms you are looking for
  • Your monthly gross income (before taxes)

After plugging in your information, we’ll show you your ideal rent based on the common “30% rule”. The 30% rule of thumb says that people should spend no more than 30% of their income on housing costs.

However, the 30% rule doesn’t work for everyone. For example, if you are living in a pricey market like San Francisco or New York, you may need to contribute more than 30%. On the other hand, if you have strong savings goals, 30% may be well over budget.

We’ll start by showing you the 30% rent price based on your information. From there, use the slider to see how different percentages of your income changes your rent!