Can I rent an apartment with just a bad credit score of 546?

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I’m applying for an apartment right now and won’t know anything for a few days. I’m hoping my credit score won’t get in the way of being approved. I’ve rented an apartment before and never broke my lease, but I had trouble finding a job after graduation, and as a result, I couldn’t make my credit card payments.

My score dropped drastically (despite regularly making payments for about 2 years) and I’m a bit worried. I should’ve told the manager about my credit, but I was so excited about the apartment that I forgot. Is it still possible for me to rent despite my bad credit?

  1. Reply
    November 10, 2011 at 4:31 am

    It could be a problem, it could not. Each landlord has different policies. Sometimes you might have to put a larger security deposit down, sometimes they won’t rent to you period.

  2. Reply
    November 10, 2011 at 4:49 am

    Yes – depending on the market where you are renting. If you have to keep looking, make sure to discuss your history with the next manager. I would highly recommend mentioning your good rental history and expalin why you have credit issues. I was an apartment manager for a few years and if the applicant seemed genuine then I always tried to work with them, especially if they had a good rental history. I did ask for references so be prepared to provide a few.

  3. Reply
    November 10, 2011 at 5:06 am

    That would depend on the complex you applied at. Each one seems to have a different standard when it comes to credit issues. Just realize that the apartment manager has the final word on your approval and if there are several vacant apartments their standards are lowered.

  4. Reply
    November 10, 2011 at 5:34 am

    usually credit is ran to check for any evictions or judgments entered due to lease agreements, they may have guidelines on scores for any rental specials they have placed as far as 1 months free rent or something to that nature

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