At the extreme max, I would recommend no more than 1/3 of your monthly income. In fact, many property management companies will not approve you if you are self-qualifying (without a spouse or other occupant) and your income is only 2 times the rent. But, any place you apply for will have specific guidelines of acceptability and they all vary slightly - so, make sure you know if you would qualify before giving up money via an application fee.
Now, that being said, I would recommend to spend no more than 1/4 of your income if possible. Trying to start out by living at the extreme point of your income will not allow you to save and will make you live paycheck to paycheck. Congrats on the upcoming degree.
Darrell D. Drouillard
Home Team of America
16719 Huebner Rd., Bldg 4
San Antonio, Texas 78248
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