Is there a general rule or percentage based on gross/net income?
I'm 26 work in as a Software Engineer and do not own a car as my vision does not permit me to drive.
UPDATE: To explain my situation better I live in Huntsville, AL which was just partly destroyed by the recent tornado outbreak in Alabama. Houses for rent in the $1000-$1400 range are going faster than I can apply for them. They are being taken by storm victims who lost their homes. I was told if I want to get a house this summer I need to look at the $1650-$1900 range which is about 35% to 50% of my net monthly income.