How much percent of my monthly income should be spent on rent?

  1. Some landlords will ask you to show an employment contract that proves you earn a monthly salary equivalent to 3 times the rent, so your annual income would be 36 times what your monthly rent is.

  2. The general advice is 1/3 of salary, and some countries in Europe have it as a rule (I do not think it is a law, but it might be somewhere, and banks may consider it for mortgages; some follow other ratios).

  3. Rent insurance use to ask for tenant with no more than a 40% rent to net monthly salary relation. So something around this may be recommended.

  4. The usual rule is spending 1/3 your income, though unless you have a good job that might be tricky to pull off.

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Author: admin