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How much money should I make a month to rent a $450 Apartment?

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  • How much money should I make a month to rent a $450 Apartment?


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Answer #1 | 22/12 2013 19:45
Roughly 3x your rent.....so no less than $1500/mo.
Answer #2 | 22/12 2013 19:55
In order to be on the safe side, stick with 25% of your income in rent. This means you should make 450X4=1800/mo
Answer #3 | 22/12 2013 20:10
You need gross income minus any debt/ support payments (credit cards, car loans, child support, etc) of about 3 times rent. From what you say, gross income of $1350 or more should do it. Of course you'll also need decent credit, 2-3 months worth of cash saved up, and nice history and references would help.
Answer #4 | 22/12 2013 20:14
You will each need to make at least 1350 to qualify. You are not married so if one of you leaves the other must be able to make the payments. This happens all the time.
Answer #5 | 23/12 2013 13:11
3-4 times MORE than the $450..........:)
Answer #6 | 22/12 2013 20:57
Most places require the person whose name is on the lease to make 3x the rent to qualify to live there.

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