Calculate how much rent you can afford based on your annual income.
Based on your £30,000 annual income, the maximum rent you can afford is £1,000 monthly.
Rent affordability table
The table below shows the monthly rent and the annual income expected.
|Monthly rent||Annual income|
How is rental affordability calculated?
The general rule of thumb is your annual income should be 30 times the monthly rent.
Or, you can multiply the yearly rent by 2.5 times.
If the monthly rent was £500, then you would need an annual income of £15,000 to pass the affordability check.
Determine the cost of renting a property and the total amount of rent you will pay during your stay.Renting Calculator
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