How much rent can I afford in London?
Rent affordability guide for London, Ontario, using local rent baselines and monthly income rules.
Local baseline rent
$1,371
1-bedroom monthly baseline.
30% gross rule
$54,840
Approximate annual salary to keep rent near 30% gross.
Monthly essentials
$1,883
Rent, groceries, and transport baseline.
| Gross salary | 30% | 35% | 40% |
|---|---|---|---|
| $60,000 | $1,500 | $1,750 | $2,000 |
| $80,000 | $2,000 | $2,333 | $2,667 |
| $100,000 | $2,500 | $2,917 | $3,333 |
| $120,000 | $3,000 | $3,500 | $4,000 |