Property
Rent Affordability Calculator
Find out how much weekly rent comfortably fits your budget using the 30% housing guideline alongside your existing household income and housing costs.
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Your results
Suggested weekly rent budget$519.23
Suggested annual rent budget$27,000.00
Weekly rent$519.23
Fortnightly rent$1,038.46
Monthly rent$2,250.00
Selected housing percentage30%
Remaining gross income after rent$63,000.00
Calculation breakdown
- Annual rent budget
- $90,000.00 × 30% − $0.00 = $27,000.00
- weekly rent
- $27,000.00 ÷ 52 = $519.23
Assumptions
- The 30% rule is a common budgeting guideline, not a universal or guaranteed affordability rule.
- Income is converted to an annual figure using the selected frequency.
- Existing recurring housing costs (e.g. a second property) are deducted from the housing budget.
- This does not account for other debts, savings goals or the cost of living generally.
How this calculator works
The commonly used guideline is that housing should take no more than 30% of gross household income. Enter your income and this calculator converts that budget into weekly, fortnightly and monthly rent figures.
Frequently asked questions
Is the 30% rule a real rule?
No. It is a budgeting guideline. Lower income households paying over 30% are often described as being in rental stress.
Should I use gross or net income?
This calculator uses gross income, matching how the 30% benchmark is normally quoted.
What else should I budget for?
Bond, utility connections, contents insurance and moving costs on top of the weekly rent.
Results are estimates only and are not financial, tax, legal or credit advice.
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