You can afford rent anywhere between $420 to $540 per month. However, it is recommended that you spend less than 1/3 of your income on rent which is about $495 a month.
The maximum you can afford on rent is $540 if you make $2K a month.
| Monthly Income | Monthly Debt | Max Rent | Midrange | Minimum |
|---|---|---|---|---|
| $1,500 | $0 | $540 | $495 | $420 |
| $1,500 | $50 | $490 | $445 | $370 |
| $1,500 | $100 | $440 | $395 | $320 |
| $1,500 | $150 | $390 | $345 | $270 |
| $1,500 | $200 | $340 | $295 | $220 |
| $1,500 | $250 | $290 | $245 | $170 |
| $1,500 | $300 | $240 | $195 | $120 |
| $1,500 | $350 | $190 | $145 | $70 |
| $1,500 | $400 | $140 | $95 | $20 |
| $1,500 | $450 | $90 | $45 | $-30 |
| $1,500 | $500 | $40 | $-5 | $-80 |
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