I make 825 biweekly how much rent can I afford?

I make 825 biweekly how much rent can I afford?

About 595

You can't.

[(825 x 2)/100] x 0.3 = 550

Without knowing how much you pay for all your other bills, there's no way anyone could give you a good answer to that question. Write down all of your monthly expenses and deduct the total from your monthly income… That is the most you could afford to spend on rent.

For all we know, you could have a $1,600 monthly payment on some fancy car… Which means you only have $50 left to cover rent (among other things).

Gross, or net? What debt do you have?

You make 1650 a month so divide that by 3 and you can qualify for $550. Most professionally managed rentals require you to make 3x the rent amount or they won't accept you. You'll have to include proof of income with the application to verify how you make on a monthly basis.

You average $1787 a month ($825x26 paydays a year=$21450 divided by 12 months=$1787). At that rate, you shouldn't be paying more than $595 a month (one-third of your monthly income).

But to be practical, you shouldn't pay more than $550 ($825x2=$1650) because MOST months you will earn $1650.

Most landlords require that your income be at least 3x your monthly rent; where I live they require that it be 4x the monthly rent.

Looks like a roommate or two should be part of your future.

Here 400$ monthly

3 - 4 times the monthly rent is usually what a landlord requires in income.

Not a chance unless you can find something under $400

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