You can afford rent anywhere between $712 to $915 per month. However, it is recommended that you spend less than 1/3 of your income on rent which is about $839 a month.
The maximum that you can spend on rent is $915 on rent on an annual income of $31K.
| Annual Income | Monthly Debt | Max Rent | Midrange | Minimum |
|---|---|---|---|---|
| $30,500 | $0 | $915 | $839 | $712 |
| $30,500 | $50 | $865 | $739 | $612 |
| $30,500 | $100 | $815 | $639 | $512 |
| $30,500 | $150 | $765 | $539 | $412 |
| $30,500 | $200 | $715 | $439 | $312 |
| $30,500 | $250 | $665 | $339 | $212 |
| $30,500 | $300 | $615 | $239 | $112 |
| $30,500 | $350 | $565 | $139 | $12 |
| $30,500 | $400 | $515 | $39 | $-88 |
| $30,500 | $450 | $465 | $-61 | $-188 |
| $30,500 | $500 | $415 | $-161 | $-288 |
| $30,500 | $550 | $365 | $-261 | $-388 |
| $30,500 | $600 | $315 | $-361 | $-488 |
| $30,500 | $650 | $265 | $-461 | $-588 |
| $30,500 | $700 | $215 | $-561 | $-688 |
| $30,500 | $750 | $165 | $-661 | $-788 |
| $30,500 | $800 | $115 | $-761 | $-888 |
| $30,500 | $850 | $65 | $-861 | $-988 |
| $30,500 | $900 | $15 | $-961 | $-1,088 |
| $30,500 | $950 | $-35 | $-1,061 | $-1,188 |
| $30,500 | $1,000 | $-85 | $-1,161 | $-1,288 |
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