Yes, it is possible to rent an apartment with bad credit, and there are ways to boost your appeal as a renter to prospective landlords.
A lot of the information they gather will come from your credit report so you need to give them some positive signs that you are making an effort to deal with having bad credit.
Your chances of renting an apartment will skyrocket if you do the proper preparation, supply the proper information and adopt a “can-do” attitude about your situation.
Think of it like a job interview. They’re going to ask a lot of questions about your finances. Your answers must show you have what it takes financially to handle the rent and set yourself apart as a dependable candidate.
Bottom line: Landlords don’t want trouble. They want their units occupied and the rent paid in a timely fashion.
Some of your best options for renting with bad credit include:
- Finding apartments that don’t do credit checks
- Paying the rent in advance
- Presenting letters of recommendation from an employer or former landlord
- Offering to move in immediately
- Purchasing renter’s insurance for another layer of security
- Getting a co-signer
- Finding a roommate with better credit to sign the lease
- Paying a larger deposit
- Offering to pay higher rent
- Agreeing to a Shorter Lease
- Exploring family-owned apartments