1. What is the 3x Rent Rule?

The 3x rent rule is a common standard used by landlords in Manila to determine if a tenant can afford an apartment. It states that a tenant's gross monthly income should be at least three times the monthly rent.

2. How Does the Calculator Work?

The calculator uses the simple formula:

Where:

• Monthly Rent — The cost of rent per month in Philippine Pesos (PHP)
• 3 — The standard multiplier used in Manila's rental market

Explanation: This calculation helps determine the minimum income needed to comfortably afford a rental property.

3. Importance of the 3x Rule

Details: Landlords use this rule to ensure tenants can afford rent while still having enough left for other living expenses. It's particularly important in Manila's competitive rental market.

4. Using the Calculator

Tips: Enter the monthly rent amount in PHP. The calculator will show the minimum income needed based on the 3x rule.

5. Frequently Asked Questions (FAQ)

Q1: Is the 3x rule strict in Manila?
A: While common, some landlords may accept 2.5x income for rent, especially with good references or additional security deposit.

Q2: Does this include utilities?
A: No, the 3x rule typically applies to base rent only. Additional expenses like utilities should be budgeted separately.

Q3: What if my income is slightly below 3x rent?
A: You might need a co-signer, pay additional months in advance, or look for more affordable housing options.

Q4: Does this apply to all types of rentals?
A: The rule is most common for apartments and condos. Some dormitories or shared housing may have different requirements.

Q5: How does this compare to other cities?
A: Manila's standard is similar to many global cities, though some may use 2.5x or 4x multipliers depending on local market conditions.