Is it time for your next big move?
Whether you're moving out of your house for the first time or this is just one of many apartments that you've lived in, it's fun, exciting, and stressful to go through the apartment application process.
What do you need to apply for an apartment anyway?
Even if you've been through the process before, it's confusing trying to navigate applying for an apartment.
Even if you've been through the process before, it's confusing trying to navigate applying for an apartment. We're here to help. Keep reading to learn a few things that you'll need to apply for your new apartment.
Proof of Income
Your future landlord wants to know that they're going to receive rent on time every month. Because of this, they want to know that you have a steady income.
They'll usually ask for pay stubs, though if you happen to be a freelancer you may be able to provide alternative proof.
If your employer doesn't offer official paystubs, you can make them. Click for more information on "how do you create check stubs?"
If nothing else works, or if you're between jobs, some landlords will also accept bank statements.
Your landlord wants to know that you've been a good tenant in the past. They determine this through your rental history.
They want tenants that stay through their entire leases and who have good experiences with previous landlords. They may call your previous landlords as references.
If you've never rented before, you're going to need to have a conversation with your potential landlord. This is common for younger adults, so don't worry.
This is a tricky one, especially for younger adults. You want to have a decent credit score when you apply for an apartment.
Many landlords are flexible when it comes to credit as long as your proof of income is there, but if you're in a competitive rental market, you need to have an impressive credit score to back you up.
If you don't have credit at all, you may be able to talk to your landlord about the situation. If you have a bad credit score, work on improving it ahead of time.
Optional: A Cosigner
There are situations in which a perfectly suitable rental candidate doesn't have everything that they need to secure the apartment. If you're trying to figure out how to get approved for an apartment with no credit history or without a rental history, you may need a cosigner.
A cosigner is just someone (like a friend or family member) who pledges to pay if you don't. Even if you know that you'll have no trouble paying, a cosigner makes you seem more trustworthy.
So What Do You Need to Apply for an Apartment?
When you've settled on the perfect place and you're struggling to figure out "what do you need to apply for an apartment?", use this quick guide to get yourself ready.
Many landlords are flexible, but having all of your finances and references in order gives you a better chance at getting an apartment you love.
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