What percentage of my income should I spend on rent?
20%
30%
40%
Suggested gross monthly income
$3,667/mo
Price of this rental
$1,100/mo
Allocating 30% of your income to rent hits the sweet spot between comfort and affordability. This golden rule ensures you can secure a place to truly call home, leaving enough room in your budget for essentials, setting aside some savings, and a bit of discretionary spending. With 30%, you can strike the right balance, making your living situation not just affordable but enjoyable.
This calculator provides only a general estimate, and is for educational purposes only. The estimates are based on information provided by you, and should not be used as your sole source of information. The output from this tool is not an offer or solicitation, nor is it financial, or legal advice.
All information is deemed reliable but not guaranteed. Redfin and its affiliates may receive compensation if you contact a rental property or sign a lease.
5122 Arch St Unit 2 is a 764 square foot property with 2 bedrooms and 1 bathrooms. 5122 Arch St Unit 2 is located in Philadelphia, the 19139 zipcode, and the Philadelphia City School District.