Can I rent an apartment with a 570 credit score?

Most individuals or companies renting an apartment want credit scores from applicants to be 620 or higher. People with credit scores lower than 620 may indicate a high risk of default on rent owed. You can still rent an apartment with poor credit.

Do you need good credit to rent an apartment?

Most apartment complexes and management companies require a credit check. However, some individual owners will let you rent without established credit. Only rent apartments within your budget, even if you can get approved for a more expensive place.

What is the minimum credit score to be approved for renting most apartments?

620 to 650
Generally, you’ll want a minimum credit score to rent an apartment of 620 to 650. Landlords or property management companies want reassurance that you can pay your rent on time and you’re responsible, and a solid credit history and excellent credit score are two ways to show this.

Can you rent an apartment with a 550 credit score?

People with scores in this range usually have no problem getting credit. There’s no universal standard for the minimum credit score needed to rent an apartment, but according to a recent tenant screening study, rental applicants approved in 2017 had an average credit score of 650.

What FICO score do apartments use?

Usually, the minimum FICO credit score to rent an apartment falls somewhere between 620 and 650. However, some landlords may be open to scores of 600 or lower, while others may consider 700 to be the lowest qualifying score. Most landlords use FICO credit scores to determine if an applicant qualifies for an apartment.

Can you rent with a fair credit score?

A poor or fair credit score won’t necessarily keep you from renting; you’ll just need to approach it differently. For example, you may have more success with independent landlords than with management companies of large properties.