credit score and apartment rental
The credit score thresholds landlords use to approve or deny rental applications — typically 620-650 minimum.
Example
“Her credit score of 580 required a co-signer or larger deposit at most apartment complexes.”
Memory Tip
620 MINIMUM for most landlords. Below that expect co-signers, deposits, or rejection.
Why It Matters
Your credit score directly affects whether you can secure housing, which is one of the largest expenses in most people's budgets. A low credit score can result in rental rejection or require you to pay higher deposits and fees, making it harder to find affordable housing options.
Common Misconception
Many people believe that as long as they have no missed payments, their credit score will automatically be good enough for rental approval. In reality, landlords may deny applications based on other factors reflected in credit reports, such as high debt levels, collections accounts, or recent late payments, even if the applicant has since recovered financially.
In Practice
Sarah applies for a one-bedroom apartment in her city with a credit score of 580, which is below the landlord's 650 minimum threshold. She is denied the application outright, but a similar apartment in a different building accepts her because that landlord only requires a 600 minimum score and asks her to pay a larger security deposit of two months instead of one.
Etymology
Modern rental market practice — credit as the primary tenant screening tool.
Common Misspellings
Check your credit score free — no impact
Related Terms
More in credit
Other credit terms you should know
See Also
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