Minimum Credit Score To Rent Apartment
But dont worry if you havent hit magic number 850.
Minimum credit score to rent apartment. A solid credit history and excellent credit score are two ways to show this. Your employment history will be on file and you might be asked to provide your gross income as well because the last thing a landlord wants is for their residents to be spending more than what they can afford on rent. Landlords often perform a credit check on prospective tenants before renting an apartment. So what credit score do you need to rent an apartment.
Though there are no formal minimum credit score requirements for apartment rentals the njmsc. A credit score can range from 300 to 850. Generally speaking the higher the rent the better credit youll need. Anything above 750 is generally considered an excellent credit score.
Its more like a background check. Landlords in these desirable markets may sometimes even require a minimum credit score to be able to rent in their buildings. Landlords or property management companies want reassurance that you can pay your rent on time and youre responsible. Breaking down a credit score.