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1. Getting Ready To Look For Housing

Calculate How Much Rent You Can Afford

Time for some easy math...

Start by adding together all of the income you receive. You can then determine how much you can afford by calculating 1/3 to 1/2 of your total income:

  • To calculate 1/3 of income: take your total income and divide by 3.
  • To calculate 1/2 of income: take your total income and divide by 2.

The general rule is that rent should be no more than 1/3 to 1/2 of your income. For example, if your income is $999, you should be able to pay between $333 to $500 for rent.

Give it a try!

Maximum Rent Calculator

Maximum Monthly Rent Amount Estimate: TBD...

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Other costs to plan for when looking for a rental unit

When you find a rental unit there will be some additional costs. Most landlords will ask you to pay the first month’s rent and a security deposit:

  • A security deposit is typically the same cost as one month rent. 
  • You will also need money for a utility deposit.

How to afford these other costs

These additional costs can be a surprise. If you do not have enough money for these additional move-in costs, here are some things you can consider:

  • Ask your case manager or others who support you if there is a community program that can help.
  • Do you have a family member that would help?

Next: What housing types best match what you can afford?