Affordable Rent Calculator

Instructions to use the rent calculator

Select the AMI level, choose who pays for each utility, and review the estimated gross rent, utility allowance, and net rent below.

Step 1

Choose the AMI Level

50% Selected AMI
Lower AMI Higher AMI
30% 175%
*For 485-x and 467-m projects, the maximum initial monthly rent is to be reduced by 3% of the unit's AMI income limit.
Step 2

Select Utility Responsibility

General Electric

Who pays for general electric?

Heat

Who pays for heat?

Stove

Who pays for stove/cooking?

Hot Water

Who pays for hot water?

Step 3

Review Estimated Rent

The results below update automatically. If the tenant is responsible for a utility, the applicable utility allowance is deducted from the gross rent to calculate the estimated net rent.
1

Select AMI

+
30%%175%
2

Utility Setup

Paid By

General Electric

Landlord Tenant

Heat

GasSplit - NEEP ApprovedElectric Other

Stove

GasElectric

Hot water

GasHybrid Heat PumpElectric Other
Landlord Tenant
Landlord Tenant
Landlord Tenant
3

Results

Gross RentUtility AllowanceNet Rent
Studio$0.00$0.00$0.00
1 Bedroom$0.00$0.00$0.00
2 Bedroom$0.00$0.00$0.00
3 Bedroom$0.00$0.00$0.00
4 Bedroom$0.00$0.00$0.00
5 Bedroom$0.00$0.00$0.00