{"id":75087,"date":"2022-03-02T16:33:22","date_gmt":"2022-03-03T00:33:22","guid":{"rendered":"https:\/\/www.redfin.com\/blog\/?p=75087"},"modified":"2022-07-15T14:07:36","modified_gmt":"2022-07-15T21:07:36","slug":"minimum-credit-score-needed-to-rent-apartment","status":"publish","type":"post","link":"https:\/\/www.redfin.com\/blog\/minimum-credit-score-needed-to-rent-apartment\/","title":{"rendered":"What\u2019s the Minimum Credit Score to Rent an Apartment?"},"content":{"rendered":"

Spoiler alert: there\u2019s no exact <\/span>credit score<\/span> that determines whether or not you\u2019re allowed to <\/span>rent an apartment<\/span><\/a>. But that doesn\u2019t mean credit isn\u2019t important. Your <\/span>credit score<\/span> can either be a major green or <\/span>red flag<\/span> to a <\/span>prospective landlord<\/span>. However, if you have <\/span>poor credit<\/span> or no <\/span>credit history<\/span> at all, you might experience some difficulty getting your application approved.<\/span><\/p>\n

To set you up for success as you begin apartment hunting, there are important details you need to know about how your <\/span>credit score<\/span> affects your ability to rent an apartment. From how to strengthen your <\/span>rental application<\/span> – even with <\/span>poor credit –<\/span> to ways you can quickly raise your <\/span>credit score<\/span>, we\u2019ve got you covered.<\/span><\/p>\n

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What <\/span>credit score do you need<\/span> to rent an apartment?<\/span><\/h2>\n

Your <\/span>credit score<\/span><\/a> is a score between 300 and 850 that represents your likelihood of paying bills on time and repaying loans. People with high <\/span>credit scores<\/span> are deemed more creditworthy than those with <\/span>low credit scores<\/span>.\u00a0<\/span><\/p>\n

The minimum <\/span>credit score<\/span> to rent an apartment will depend on two main factors. The first is the competition in the local <\/span>rental market<\/span>. The more competitive the market, the higher the <\/span>credit score<\/span> you\u2019ll need. The type of apartment you want to rent is also a factor, with luxury accommodations requiring <\/span>higher credit scores<\/span> than a basic or low-end unit. In the end, every landlord or <\/span>property management company<\/span> will have its own thresholds for credit scores.\u00a0<\/span><\/p>\n

A recent survey of 5 million renters nationwide found that the <\/span>average credit score<\/span> for all <\/span>renters<\/span> was 638. Here are the findings for the <\/span>minimum credit score<\/span> needed by type of unit:<\/span><\/p>\n