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Tag Archives: 2.5x rent rule

What Does 2.5x Rent Mean When Renting an Apartment?

What is 2.5x rent? It’s an income rule that landlords use to decide if you can afford an apartment. Basically, it means your gross monthly income should be at least 2.5 times the monthly rent. There is actually a practical reason behind it. Landlords use this guideline to reduce the risk of late payments. This […]