To give some background, I am in my early 20s, currently living at home with my parents but would like to move out to an apartment. I am currently maxing out my 401k at work because of low cost of living, and have built a sizeable amount of money in my bank account (i.e. for emergencies).
When I move out, I would like to maintain maxing out my 401k (because I am young and want to leverage the power of compounding returns). Rent, however, is quite high in this area (for a 1-bed, 1-bath that I would prefer over splitting something larger), such that I would be spending a significant amount of my take-home (after tax and 401k contributions) on rent, like up to 60-65% of my take-home pay. In this situation, I would be close to either saving very little of the take-home pay, or in the worse case living paycheck-to-paycheck (which is usually frowned upon).
I know there's no hard or fast rule, but would this still be considered "acceptable", given that I am maxing out my 401k contributions in the meantime (and already have an acceptable emergency fund)?