Rent Calculator: Split Rent & Check Affordability (Free Tool)
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352 Live Users
Enter Rental Details
Financial Breakdown
YOUR MONTHLY SHARE
$0.00
Includes rent & utilities split
Total Monthly
$0.00
Upfront / Person
$0.00
Yearly Cost
$0.00
Daily Cost
$0.00
Affordability
-
Result generated by calculators.cat
Calculation History

Rent Calculator & Affordability Tool

Welcome to the most advanced Rent Calculator online. Whether you are moving into a new apartment, splitting costs with roommates, or budgeting for your next home, our tool helps you calculate your exact financial share instantly.

How to Calculate Your Rent Split?

Splitting rent fairly among roommates can be tricky. This tool simplifies the process:

  • Total Rent: Enter the full monthly rent of the property.
  • Utilities: Include estimated costs for electricity, internet, and water.
  • Roommates: Select the number of people sharing the lease.
  • Upfront Costs: Don't forget security deposits and agent fees.

Understanding Rent Affordability (The 30% Rule)

Financial experts recommend the 30% Rule: you should not spend more than 30% of your gross monthly income on rent. Our built-in affordability meter analyzes your income vs. rent to tell you if the property is "Affordable," "Manageable," or "Risky."

Frequently Asked Questions (FAQ)

How is the rent share calculated?

We sum the Total Rent and Monthly Utilities, then divide by the number of Roommates to get the monthly share per person.

Does this calculator save my data?

Yes! We use local storage technology to save your calculation history on your device. Your financial data never leaves your browser.

Is this tool free to use?

Absolutely. The calculators.cat Rent Calculator is 100% free with no hidden fees or sign-ups required.