Rent affordability calculator
How to use the rent affordability calculator
Please note that, depending on the area, average local rents may be a lower or higher proportion of average wages. This calculator is intended as a guide only, and should not be the main basis for your decision to let to a particular tenant or tenants.
Working out how affordable monthly rent charges are
The rent affordability calculator is to work out how affordable the rent charged by a landlord will be for the tenant(s).
This calculator is based on the notion that an 'affordable' rent should be about 35% or less of a tenant's wages.
If you have more than one tenant, enter their combined wages into the field provided. (If you are renting to sharer tenants on separate tenancy agreements, work out each rent separately.)
