Disclaimer
Important information about our calculator
Important Notice
This calculator is for informational and estimation purposes only. It should not be used as the sole basis for making rental or financial decisions.
Calculator Limitations
Not a Guarantee of Approval
Meeting the 40x income requirement does not guarantee that you will be approved for an apartment. Landlords consider multiple factors including credit score, employment history, references, and other financial obligations.
Landlord Requirements Vary
While the 40x rule is common in NYC, individual landlords may require different income multiples (such as 35x, 45x, or other ratios). Some may have additional requirements or be more flexible depending on other factors.
Estimates Only
Our calculations provide estimates based on standard formulas. Actual affordability depends on your complete financial picture, including debts, expenses, savings goals, and personal financial priorities.
Not Professional Advice
This tool does not provide professional financial, legal, or real estate advice. For important financial decisions, we recommend consulting with:
- Licensed financial advisors
- Real estate professionals
- Qualified accountants
- Legal professionals when needed
Additional Considerations
When planning your apartment search, remember to consider:
- Additional Costs: Broker fees, security deposits, moving expenses, utilities, and furnishing costs
- Credit Requirements: Most landlords require good to excellent credit scores
- Employment Verification: Stable employment history and income verification are typically required
- References: Previous landlord references and personal references may be needed
- Market Conditions: Competitive markets may have additional requirements or higher standards
Accuracy and Updates
While we strive to maintain accurate information and calculations:
- Market conditions and rental requirements can change
- Local laws and regulations may affect rental requirements
- We cannot guarantee the accuracy of all information provided
- Users should verify all information with relevant professionals
Recommended Actions
Before making any rental decisions, we recommend:
- Verifying income requirements directly with landlords or brokers
- Getting pre-approved or pre-qualified when possible
- Having all required documentation ready
- Considering your complete financial situation
- Planning for additional costs beyond rent
- Consulting with professionals for significant financial decisions
Contact Us
If you have questions about this disclaimer or our calculator, please contact us: