Rent-to-income ratio calculator

Enter the rent and each applicant’s income, monthly or yearly, and see the ratio, the income the rent needs and the most rent the income supports, against the 3x rule or your own standard.

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Rent and income

Your standard: income at least
40x yearly means yearly income of 40 times the monthly rent, about 3.33x monthly.

Income to rent

3.15x

31.7% of gross monthly income goes to rent

Combined monthly income

$7,566.67

$90,800.00 a year

Meets your 3x standard
Monthly income needed for $2,400.00 rent
$7,200.00
Yearly income needed
$86,400.00
Most rent this income supports
$2,522.22

How to use it

  1. 1Enter the monthly rent.
  2. 2Add each applicant's gross income, by the month or the year.
  3. 3Pick your standard and read whether the application meets it.

Questions

What is a good rent-to-income ratio?

Most landlords want gross monthly income of at least 3 times the rent, which means rent is about 33% of income or less. Some use 2.5 times, and some markets use 40 times the monthly rent in yearly income.

How much income do I need for $2,000 rent?

At 3 times rent, $6,000 a month, or $72,000 a year before taxes.

Do you count roommates' income together?

Many landlords combine the income of everyone on the lease. Others require each person to qualify on their share. Add each applicant to see the combined ratio.

Is it gross or net income?

Gross. The 3x rule uses income before taxes and deductions, the number on the top of a pay stub.

Should the standard be the same for everyone?

Yes. Write your income standard into your screening criteria and apply it the same way to every applicant.

Check the income is real

A ratio is only as good as the pay stubs behind it. Run each stub through the pay stub checker before you rely on the number.

Hand the checking to us, keep the approving

We build and run the AI that reads applications, triages maintenance and drafts owner reports. A person on your team approves every one before it goes out.