How the rent affordability calculation works
Many UK landlords and letting agents use a simple income check when considering an application. A common benchmark is that a tenant’s gross annual income should be at least 30 times the monthly rent.
To estimate the monthly rent this could support, divide the combined gross annual income by 30. For example, an annual income of £30,000 ÷ 30 gives an estimated rent of £1,000 per month.
Examples: rent affordability by income
| Gross annual income |
Indicative monthly rent |
| £24,000 |
£800 |
| £30,000 |
£1,000 |
| £36,000 |
£1,200 |
| £45,000 |
£1,500 |
| £60,000 |
£2,000 |
Can joint income be used?
Usually, yes. If both people will be named on the tenancy, their gross annual incomes can often be combined for referencing. Tick the joint-tenancy box and add the second income to see a combined estimate. Acceptance of each income source remains subject to the landlord and referencing provider.
What this estimate does not include
This calculator is a quick affordability screen, rather than a full monthly budget. It does not account for council tax, utilities, travel, childcare, loan repayments, credit commitments or other living costs. Make sure the rent still leaves you enough room for your regular spending and unexpected costs.
Referencing may also consider credit history, employment status, probation periods, dependants and the consistency of variable income. Some applications may require a guarantor or advance rent payment.
What should I enter?
Enter gross income: the amount earned before any deductions. For salaried employees, this is normally the annual salary stated in an employment contract. If you are self-employed, receive commission or have another income source, ask us what evidence may be required before applying.