You can afford rent anywhere between $467 to $600 per month. However, it is recommended that you spend less than 1/3 of your income on rent which is about $550 a month.
The maximum that you can spend on rent is $600 on rent on an annual income of $20K.
| Annual Income | Monthly Debt | Max Rent | Midrange | Minimum |
|---|---|---|---|---|
| $20,000 | $0 | $600 | $550 | $467 |
| $20,000 | $50 | $550 | $450 | $367 |
| $20,000 | $100 | $500 | $350 | $267 |
| $20,000 | $150 | $450 | $250 | $167 |
| $20,000 | $200 | $400 | $150 | $67 |
| $20,000 | $250 | $350 | $50 | $-33 |
| $20,000 | $300 | $300 | $-50 | $-133 |
| $20,000 | $350 | $250 | $-150 | $-233 |
| $20,000 | $400 | $200 | $-250 | $-333 |
| $20,000 | $450 | $150 | $-350 | $-433 |
| $20,000 | $500 | $100 | $-450 | $-533 |
| $20,000 | $550 | $50 | $-550 | $-633 |
| $20,000 | $600 | $0 | $-650 | $-733 |
| $20,000 | $650 | $-50 | $-750 | $-833 |
| $20,000 | $700 | $-100 | $-850 | $-933 |
| $20,000 | $750 | $-150 | $-950 | $-1,033 |
| $20,000 | $800 | $-200 | $-1,050 | $-1,133 |
| $20,000 | $850 | $-250 | $-1,150 | $-1,233 |
| $20,000 | $900 | $-300 | $-1,250 | $-1,333 |
| $20,000 | $950 | $-350 | $-1,350 | $-1,433 |
| $20,000 | $1,000 | $-400 | $-1,450 | $-1,533 |
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