The 30x rent rule
Referencing companies usually ask that tenants earn 30 times the monthly rent per year, combined. Guarantors usually need 36 times. For £2,000 a month rent you would need £60,000 a year, or a guarantor earning £72,000.
| Monthly rent | Income needed (30x) | Guarantor (36x) |
|---|---|---|
| £1,200 | £36,000 | £43,200 |
| £1,500 | £45,000 | £54,000 |
| £2,000 | £60,000 | £72,000 |
| £2,500 | £75,000 | £90,000 |
Renting in London
London rents are the highest in the UK, so many renters share or need a guarantor. Browse homes to rent in London with video tours to compare prices by area.
Frequently asked questions
How much rent can I afford on £30,000?
About £1,000 a month under the 30x rule.
How much rent can I afford on £50,000?
About £1,667 a month under the 30x rule.
Can I pay rent upfront instead?
Some landlords accept rent in advance, but under the Renters’ Rights Act landlords in England cannot ask for more than one month upfront.
Looking for a home in London?
Homes for saleTo rentThis calculator gives an estimate for guidance only. It is not financial or tax advice. Check the figures with your solicitor, mortgage broker or HMRC before you commit.