You can afford rent anywhere between $140 to $180 per month. However, it is recommended that you spend less than 1/3 of your income on rent which is about $165 a month.
The maximum you can afford on rent is $180 if you make $1K a month.
| Monthly Income | Monthly Debt | Max Rent | Midrange | Minimum |
|---|---|---|---|---|
| $500 | $0 | $180 | $165 | $140 |
| $500 | $50 | $130 | $115 | $90 |
| $500 | $100 | $80 | $65 | $40 |
| $500 | $150 | $30 | $15 | $-10 |
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