Quick Answer: Can I Get An Apartment With 500 Credit Score?

Apartment tenants often have lower credit scores than those seeking a mortgage, but landlords still have to assess risk.

If your credit score is too low, then more than likely you’ll be facing denial.

According to Rentprep.com, the closer a tenant is to a score of 500, the more likely for denial.

What kind of credit score do you need to rent an apartment?

620 or higher

Can I be denied an apartment because of bad credit?

Renting an Apartment With Bad Credit. Your credit score may play a major role in your ability to rent an apartment. Some landlords might deny your rental application if you have bad credit even if you have a spotless rental history and a sizable salary.

Does a credit check for an apartment hurt your credit?

Many landlords pull your credit report when you’re approving your rental application. The hard inquiry that comes from a credit check can affect your credit score. Inquiries are 10% of your credit score. Applying for an an apartment won’t hurt your credit if there’s no credit check in the process.

Can I get an apartment with collections?

Renting an apartment with collections and past landlord issues on your credit reports is not impossible. Your pool of properties to choose from will often shrink though. The smaller the property you may rent from, the likelier it may be that you can actually sit down with the person making the credit decisions.

What do apartments look for when they do a credit check?

Some of the things landlords look for in a credit check include your credit score, whether you pay your bills on time, your rental history, and whether you have any debt (and how much debt compared to your income).

What is the lowest credit score to rent a house?

What credit score is needed to rent a house can differ from landlord to landlord, but you can expect the minimum to be somewhere between 600 and 620. Certain items may be deal breakers for property owners, however.