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How high does your credit score need to be to rent?

  • March 04 2013 - Cary
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Answers (5)

It would depend on the process the property management company has in place.  However, we use a company that relies more on the "face-to-face" interview to determine what kind of a renter the person is going to be.  They also visit their current residence and ask pertinent questions that help them make the decision to rent or not.

Everyone goes through a hard time now and then that might adversely affect their credit and everyone deserves a second chance to get back on their feet.  We're proud to be a part of helping people do just that with some of our rental properties.  They often turn out to be our best renters!
  • March 06 2013
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It depends on the management company or the owner of the property. Here the score is not as important as the payment record.  Some folks starting out just don't have a high score.  If they are paying their current obligations on time that is a positive sign.
  • March 06 2013
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The management company I used to own did not have a min credit score.  We took several things into consideration.  Since there is no hard fast rule you will have to ask each management company individually and see what they say?  
  • March 06 2013
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Each property management company has their own guidelines. It's a good idea to check with the company before submitting an application. Most property management companies, in our area, look for a credit score of 550 or above. You may be asked to pay an increased security deposit if your credit score isn't within their guidelines.
  • March 06 2013
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That all depends on the management company you are trying to rent from.  What is more important is your rental history and income.  If you can prove you have a history of always paying your rent on time, not having any complaints against your or causing any property damage this can often times make up for a poor credit score.  Also, being able to provide proof of steady income and if possible a letter of recommendation from your employer can be very helpful as well.
  • March 05 2013
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