How Much Rent Can I Afford If I Make $30,000 a Year?

You can afford up to $825 per month on rent which is about 33% of your monthly income before taxes. However, it is recommended to keep rental fee below 30% of your gross monthly income or $750 per month. If you want to save money, you can consider apartments that rent for $625 which is about 25% of your gross monthly income.

How Much Rent Can I Afford on $30K

You can afford to spend $825 on rent each month.

Exactly how much you can afford on rent each month will depend on the state that you live in and your monthly spendings.

If you are not much of a spender, you may be able to afford to rent a more expensive house. However, if you are spending a lot of your money on other stuff, you might not have enough money leftover from your income to afford an expensive apartment.

The cost of living for each state is different, and the situation for each family varies. Please use the rent affordability table above to estimate how much rent you can afford on $30,000 annual income.