3x Rent Calculator
Calculate income requirements for rental applications using the 3x rent rule
Calculate 3x Rent Requirements
Total monthly rent amount
Total number of people sharing the rent
3x Rent Calculation Results
3x Rent Rule: Total gross monthly income should be at least 3 times the rent
Formula: Required Income = $1500 × 3 = $4,500
Rental Affordability Analysis
Common Rent Amounts
📚 Understanding the 3x Rent Rule
🏠 What is the 3x Rent Rule?
The 3x rent rule is a guideline used by landlords to assess tenant eligibility. It requires that a tenant's gross monthly income be at least three times the monthly rent amount.
💰 Gross vs Net Income
The 3x rule uses gross income (before taxes and deductions), not net income. This gives a clearer picture of your overall earning potential.
🤝 Multiple Tenants
When multiple people share a rental, their combined income is considered. This can help meet the 3x requirement by splitting the income burden.
📋 Alternatives if You Don't Qualify
If you don't meet the 3x rule, consider: getting a co-signer, offering a larger security deposit, showing proof of savings, or finding a roommate to share expenses.
🏡 Rental Market Tips
Ideal Income Ratios
Application Requirements
Budget Considerations
📄 Income Documentation
Pay Stubs
Recent 2-3 months of pay stubs
Tax Returns
Previous year's tax returns
Bank Statements
2-3 months of bank statements
Employment Letter
Letter from employer with salary info
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