I want to rent a apartment but I really dont know how much rent I can afford. If I make around $2200 a month what should be my rent range? I still need money to pay other bills I have and take care my daughter. Any ideas?
2007-01-09 00:24:51 · 4 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
The guideline is now to spend more than 33% of your after tax income on housing. So, with that calculation, you should be spending about $726.00 on rent. With that being said, most people including me, can't find a decent place for that money. Most of us end up spending around 50% on housing. It also depends where you live, some places are much more expensive than others.
2007-01-09 00:35:07 · answer #1 · answered by bon b 4 · 0⤊ 0⤋
As a general rule... never go above 30% of your income on rent
2007-01-09 08:42:52 · answer #2 · answered by aingelic1 3 · 0⤊ 0⤋
The best way to go would be by dividing your income in three equal parts of $733.33.
First part should go for rent.
Second part for all expenses
Third part should go to SAVINGS.
It may not always possible to stick to such a plan, but it is worth the try.
2007-01-09 08:34:29 · answer #3 · answered by David G 6 · 0⤊ 0⤋
Ãs lights and heat included? what kind of bills do you have ? i would say nothing over 500 if your bills arent to high thats about what i make and i pay 550 and im ok
2007-01-09 08:30:28 · answer #4 · answered by Anonymous · 0⤊ 0⤋