The NYC 40x rent rule: how much you need to earn
NYC landlords usually require yearly income of 40 times the monthly rent, and guarantors at 80 times. See the income needed for common rents and what to do if you fall short.
4 min read · Updated
Most New York City landlords and management companies screen applicants with one number: your yearly gross income should be at least 40 times the monthly rent. A guarantor, if you need one, usually has to earn 80 times the rent.
| Monthly rent | Your income (40×) | Guarantor income (80×) |
|---|---|---|
| $1,800 | $72,000 | $144,000 |
| $2,200 | $88,000 | $176,000 |
| $2,500 | $100,000 | $200,000 |
| $3,000 | $120,000 | $240,000 |
| $3,500 | $140,000 | $280,000 |
| $4,000 | $160,000 | $320,000 |
| $5,000 | $200,000 | $400,000 |
Do roommates' incomes count?
Usually yes. Most landlords add up the incomes of everyone on the lease, though some want each roommate to meet a share on their own. Ask before you apply.
If you don't meet 40x
- Use a guarantor who earns 80× the rent, usually a family member, and often required to live in the tri-state area.
- Use an institutional guarantor, a company that guarantees the lease for a fee (often a share of a year's rent).
- Offer extra rent upfront. Some landlords accept this. In rent-stabilized apartments it is limited by law.
- Show assets. Savings worth several years of rent can substitute for income at some buildings.
Work out your own number
Plug your income into the rent affordability calculator to see your 40× ceiling and how much of your income the rent takes up. Then check the building before you apply.
Initial version; re-verified in the October 2026 fact-check pass.
Sources
- The 40x rent rule explained · StreetEasy (accessed October 12, 2026)
General information, not legal, tax or financial advice. Rules change; confirm with the agency or a professional before you act.