Rent Calculator

If you are in the market for an apartment rental, it’s a great idea to figure out what you can afford ahead of time before starting your search. There are few things you can do to prepare yourself before you take on that rent payment.  That’s why we offer this useful rent calculator, so you can project expenses and make smart decisions when looking for an apartment rental.

Before you rent an apartment, you must first take a look at your finances and what your expenses are each month other than rent. This includes your utilities, cell phone bill, cable, car insurance, and car payments. This will help give you an idea of how much money you have going out each month.  Once you have a better idea of how much you are paying, you can then compare this to the income you have coming in. Remember to include things like groceries and transportation expenses into your monthly budgeting as well. You don’t want to forget items like this because you will end up overextending yourself when you add your rent payment to your expenses.  

A good rule to go off of is the 1/3 rule.  The 1/3 rule states that your housing expenses should be equal but no greater than 1/3 of your total monthly income.  The  includes not just rent, but utilities, parking, and maintenance fees as well, or any expense related to where you live. 

The rent calculator found below will help you properly budget for taking on a rent payment.  This tool allows you to input your monthly income and it will help you determine how much you are able to pay.  From there you can narrow your search to apartments that fit within your budget so you can maintain a healthy quality of life.

It will give you several options, depending on the amount you’re willing to spend.  If you don’t go out much and spend a majority of your time at home, it may make sense to spend a little more on your apartment since you’ll be enjoying it more often.  If you’re the type that likes to go out a lot, and you don’t spend too much time at your house, it probably makes sense to find a cheaper place so you an afford to go out and enjoy some of the great things Boston has to offer.  Everyone’s situation is unique, and our rent calculator takes that into account when recommending rent expenses for you.

So before you begin your search in Fort Hill’s largest database of apartment listings, calculate your rent first and you’ll be prepared to find an apartment you can afford in a neighborhood you’ll love!





Fort Hill Apartment Rentals

16
6 Beds 2 Baths - Somerville - Tufts $5,400
For Rent
$5,400
Beds
6
Baths
2
Available
06-01-2018
View Details
16
6 Beds 2 Baths - Somerville - Tufts $5,400
For Rent
$5,400
Beds
6
Baths
2
Available
06-01-2018
View Details
14
4 Beds 2 Baths - Somerville - Tufts $4,000
For Rent
$4,000
Beds
4
Baths
2
Available
06-01-2018
View Details