A common rule of thumb is the 30% rule, which says you shouldn’t spend more than 30% of your gross monthly income on rent.
- Your monthly income: $3,000
- 30% of $3,000 = $900
So ideally, your rent should be around $900 or less to stay comfortable.
👉 But here’s the nuance:
- If you have little debt and low expenses, you might be fine stretching up to 35–40% ($1,050–$1,200).
- If you have car payments, credit cards, or other big bills, you’ll want to stay closer to 25% ($750).
- Don’t forget utilities, internet, renters insurance, and groceries—these add up.
✅ Bottom line:
Yes, you can afford an apartment on $3,000/month, but to stay financially safe, aim for a place that’s $750–$900 in rent.