Rental Calculator — can you afford this rent?

1. How much do you make a month? Before taxes.

2. Monthly Rental Cost

Monthly expenses

3. Internet Approximate Internet fee, $55 to $100 per month.

4. Tenant Liability Insurance $15 to $30 per month.

5. Utility Bill Approximate Utility fee, $60 to $100 per month.*

*Each Condominium is different BUT all units in the building will have the same utility provider.

Some Condominium or Apartment MAY include Heat, Water, Furnishings, and in some rare cases Internet or include ALL utilities. Double check with your Realtor.

Housing as % of your income

Safe zone Tight Too much

Total monthly housing

Rent + internet + insurance + utilities.

Money left after housing

Per month, for everything else.

Type your numbers above.

Under 30% of income going to housing is the safe zone. Between 30% and 40% is tight. Over 40% and most landlords will pass.

Where the money goes

Rent$0

Internet$0

Tenant Liability Insurance$0

Utilities$0

Total monthly housing$0

Reality check

Housing as % of your income

Rent + internet + insurance + utilities, divided by monthly income. Under 30% is the safe zone.

30%-of-income line

$0/mo

The safe-zone ceiling. If your total monthly housing stays under this, you're comfortable.

Rent that keeps you in the safe zone

Auto-calculated max rent that keeps housing at 30% of income given your other costs. A target, not a promise.

Cushion vs. safe-zone ceiling

Positive number = room to spare; negative = you're over the 30% line by this much per month.

Numbers are illustrative. Most Toronto landlords use 30-33% of gross monthly income as their affordability threshold, though guarantors, strong credit, extra months upfront, or corporate leases can stretch that. Utilities vary widely by building — always ask what's included in the lease. This is a screening tool, not an approval. Discuss your situation with a licensed realtor before signing. See the Disclaimer for full detail.

Not sure if a listing fits you?

Send me the address and your income — I'll tell you honestly whether the landlord will approve, whether the price is fair, and whether it's the right time to negotiate.

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