Rental Affordability Calculator

Calculate affordable rent and upfront costs based on the 30% income rule

The 30% rule states that housing costs should not exceed 30% of gross income. On a $70,000 annual salary, affordable weekly rent is approximately $404. You will also need 4 weeks bond upfront plus the first week's rent, totalling around $2,020 at that rent level. Source: Australian housing affordability guidelines.
Affordable weekly rent (30% rule)$0.00
Affordable monthly rent$0.00
Bond required$0.00
First month's rent$0.00
Total upfront cost$0.00

Based on the 30% income rule — keeping rent at or below 30% of gross income

You might also need

Mortgage Calculator

Calculate your home loan repayments and total interest.

Stamp Duty Calculator

Estimate stamp duty for property purchases in all Australian states.

Rent vs Buy Calculator

Compare the long-term cost of renting versus buying a home.

Frequently Asked Questions

What is the 30% rule for rent?

The 30% rule states that you should spend no more than 30% of your gross income on rent. For example, if you earn $80,000/year, your affordable weekly rent is $80,000 × 30% ÷ 52 = $462/week.

How much is the rental bond in Australia?

In most states, landlords can charge a maximum of 4 weeks' rent as a bond. Some states differ: in NSW the maximum is 4 weeks for rent under $900/week, and unlimited above that. In VIC it is capped at 1 month's rent.

What upfront costs do I need for renting?

Typical upfront rental costs in Australia include the bond (usually 4 weeks), first month's rent in advance, and sometimes a holding deposit (usually 1 week, credited toward bond). Budget at least 5 weeks of rent before moving in.

What is housing stress in Australia?

You are considered to be in housing stress if you spend more than 30% of your gross income on rent. Low-income households spending over 30% on housing are a key concern in Australia's current cost-of-living crisis.

How do I calculate how much rent I can afford?

Take your annual gross income, multiply by 30%, then divide by 52 to get your affordable weekly rent. For example: $70,000 × 0.30 ÷ 52 = $404/week.