Skip to main content
Depo
Free apartment affordability calculator

Can I afford this apartment?

Enter the numbers for the place you are considering. This calculator shows how much cash you need to move in and what the new monthly cost would leave you to safely spend each day.

New here? See it work in one click.

We'll fill in realistic numbers so you can see the result right away — edit anything after.

The apartment
Your normal month

Your numbers stay in this browser. Depo doesn’t receive or store them.

Can you afford it?

Enter your numbers above to see what this decision would do to your daily safe-to-spend number.

How this is calculated

Monthly take-home income − existing monthly essentials − protected savings − new recurring cost = monthly flexible money after. Then divide by the number of days in the selected month. Upfront costs are shown separately against available cash and the protected buffer.

The short answer

You can afford the apartment if its full monthly cost fits after your other bills, debt payments, and protected savings—and the move-in costs do not wipe out the emergency money you need to keep. A landlord's approval answers whether you meet the landlord's requirements. It does not answer whether the apartment will feel manageable every month.

Why the rent alone is misleading

Suppose an apartment is listed at $2,000. If utilities add $180, renters insurance adds $20, and the location adds $120 to transportation, the decision is really about $2,320 a month.

Then there is the cash needed before the first normal month begins: a deposit, first month's rent, application or broker fees where applicable, movers, and basic setup purchases. Those are not recurring costs, but they can empty the same savings that would otherwise protect you from a medical bill, a car repair, or a delayed paycheck.

The calculator keeps these questions separate: can you cover the cash required to move in, and after you move, does the new monthly budget still work? Passing one test does not automatically mean passing the other.

What about the 30% rent rule?

Rules based on a percentage of income are a quick reference, not a personal answer. Two people with the same take-home pay may have completely different debt payments, childcare costs, transportation needs, or savings goals.

This page shows the housing percentage because it can be useful context. The actual result comes from your cash flow: what remains after the apartment and the rest of your commitments are covered.

How to read your result

Fits your current plan means the move-in costs can be paid without touching the buffer you chose to protect, and the new monthly plan still leaves a daily number you are comfortable living with.

Possible, but tight means the math stays above zero, but the apartment produces a large drop in flexible money or leaves little room for irregular expenses. Try a higher utility estimate, a bad commuting month, or a smaller roommate contribution before deciding.

Creates a gap means the new costs exceed the money available in the period. The useful part is seeing the size of the gap. A cheaper unit, roommate, later move date, smaller setup budget, or higher confirmed income can then be tested directly.

Stress-test the apartment before signing

Run the calculator more than once:

1. Use the numbers you expect.

2. Increase utilities and transportation slightly.

3. Remove income that is not guaranteed.

4. Add a realistic monthly amount for household purchases and repairs.

5. Check whether the result still works without using a credit card to bridge the month.

The goal is not to make the apartment look impossible. It is to make the first difficult month visible before it happens.

Related guides

Apartment affordability FAQ

Straight answers on how the calculator works and what to do with the result.

Start with your monthly take-home income, then subtract non-housing essentials, debt payments, and savings you want to protect. Add the apartment's rent, utilities, insurance, parking, and any commuting change. What remains is the flexible money you would actually live on. The calculator turns that remainder into a daily number.

Enter only the contribution you can reasonably expect every month. Also run the calculator without it, or with a delayed contribution, so you understand the risk you would carry if the arrangement changes.

No. Landlords may use income multiples, credit, references, deposits, guarantors, and local rules. This calculator answers a different question: whether the apartment fits your own cash flow after approval.

No, if the new rent will replace it. Enter your other existing essentials, then add the complete cost of the new apartment in the apartment section. Include any overlap only if you will genuinely pay both homes for part of a month.

Then the ongoing apartment may fit, but the move date does not fit yet. The calculator should show how much more cash you need and, if you choose a target date, how much to set aside per payday.

What else are you deciding?

It's time to see your number

Check Depo. Know where you stand.

Download on the App Store

No bank login. No account linking. Just you and the number.