Budget & Rent

Before beginning your search for off-campus housing, it is important to determine your housing budget and target rent.

Average Off Campus Housing Rent/Housing Prices (PDF)

28% Rule

Worksheets

Many landlords recommend that tenants budget 25-30% of their gross income for rent. Plan on using 28% as a general rule.

Start determining your target rent now by downloading the Monthly Income and Target Rent worksheet.

Cash

Most landlords require one month's rent plus a security deposit (usually equal to one month's rent) upon signing the lease. Moreover, you will likely need additional cash to cover moving expenses and utilities (power, telephone, etc.). For customers who have no credit or poor credit, utility companies like PG&E often require a deposit in order to start service. You should plan on having enough cash to cover all of these expenses as well as a reserve amount for unforeseen expenses.

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