How much rent can I afford?

I take home $3,500-$3,600 per month and have a $320 montly car payment

Best Answer:

Professor Freedom: A rule of thumb is 1/3 of your income on housing and, ideally, no more.

Other answer:

Professor Freedom:
From a landlord's point of view or from a view of financial management.
The fact that you have a car payment instead of buying a car for cash says to not spend everything possible and instead improve savings.
You probably gross about $4400 a month, and should be approved at $1400 a month rent.
What you can afford takes a budget of all your expenses.
mrsd:
1/3 of your income.
coraann:
You could be approved for $1200. per month rent.
Judith:
$1200 – one-third of your income. Better yet if it would be $900 – one-fourth of your income.
Judy:
probably 1200 a month

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