Work out the true cost of renting a home before you sign. Enter your monthly rent, lease length and any expected annual increase to see the total you will pay, plus a quick affordability check against the 30% income rule.
How to Use
- Enter your monthly rent and how many months the lease runs.
- Add the expected annual rent increase, if any (leave it at 0 if your rent is fixed).
- Optionally enter your gross monthly income for an affordability check.
- Click Calculate Rent to see your total cost and average monthly rent.
Key Features
- Total lease cost — see exactly what you will pay across the whole tenancy.
- Annual increase modelling — factors in yearly rent rises, compounded per year.
- 30% affordability rule — checks your rent against the widely used affordability benchmark.
- 100% private — every calculation happens in your browser; nothing is sent or stored.
FAQs
What is the 30% rent rule?
It is a common guideline suggesting you spend no more than 30% of your gross monthly income on rent, leaving room for bills, savings and everyday costs.
Does the calculator include bills?
No, it covers rent only. Add your estimated monthly bills on top of the result for the full picture of your housing costs.
How is the annual increase applied?
The increase compounds once per year: months 1 to 12 use your starting rent, months 13 to 24 use the increased amount, and so on.
Related Tools
Try these related tools: Mortgage Calculator, Loan Calculator and Savings Calculator.