What Credit Score Do You Need To Rent?

620 or higher 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.

What Is a Good Credit Score for Renting an Apartment
https://www.military.com › money › personal-finance › what-is-a-good-cred

Can I get an apartment with a 500 credit score?

FHA mortgages are available to borrowers with low credit scores down to 500 with a 10% downpayment. If you a 580 credit score you could qualify for an FHA loan with just a 3.5% down payment. Having good scores will make the process of renting simpler. A good credit score is considered to be 700 or higher.

Can I get an apartment with 600 credit score?

Apartment Credit Scores

Typically, a credit score of 620 or above will enable you to obtain an apartment lease with relatively little trouble. Apartment leasing sources state that credit scores lower than 620 receive a “high risk of default” rating along with a leasing denial.

What is the minimum credit score for an apartment?

Though there are no formal minimum credit score requirements for apartment rentals, the NJMSC Credit Monitoring Services website says 620 is usually a minimum acceptable figure. However, credit score requirements for apartments vary widely across the country.

Can I rent a house with a 650 credit score?

You Can Still Get in an Apartment With This 650 Score

Most experts state that a score of 620 is a typical minimum for getting into a good apartment. Thankfully, your 650 rating is higher than that.