Rent Affordability Calculator

This calculator is provided as part of our partnership with Calculate.co.nz.

The Rent Affordability Calculator is an indispensable tool for anyone in New Zealand looking to rent a property. It helps you gauge how much rent you can comfortably afford based on your annual income before tax.

By offering different affordability percentages – Conservative (15%), Safe (20%), Standard (25%) and Aggressive (30%) it caters to various financial comfort levels. The calculator also factors in estimated weekly utilities, typically about 20% of the rent, and calculates your maximum housing expense, including both rent and utilities. Furthermore, it aids in setting a savings target for moving out, usually equating to four weeks of rent.