Most individuals or companies renting an apartment want credit scores from applicants to be 620 or higher. People with credit scores lower than 620 may indicate a high risk of default on rent owed.

What credit score do I need to rent my first apartment?

Most individuals or companies renting an apartment want credit scores from applicants to be 620 or higher. People with credit scores lower than 620 may indicate they are a high risk renter.

Is a 700 credit score good enough for an apartment?

Renting. In general, landlords breathe easier when a renter has a credit score over 700. However, a credit score over 650 generally is high enough to win over landlords. It all comes down to your competition, since a landlord may select an applicant with a better score over you.

What should my credit score be to rent an apartment?

If a rental is in a bad location and is in bad condition, you’re not going to be looking for 650+ credit scores. You’ll need to lower your credit score minimum for that apartment. However, if you have a higher-end rental in a good neighborhood, you can have a minimum tenant credit score of 700.

What should myrental score be for an eviction?

Using inquiry, credit, and eviction data, MyRental generates a three-digit score between 200 and 800. The score summarizes the potential risk of the applicant compared to others. The higher the score, the less likely the applicant is to default on a lease. And more!

How does myrental score work for tenant screening?

Select the best available applicants with consistency and confidence. Just as a credit score predicts the likelihood that a loan will be paid, our tenant score assesses risk by predicting the likelihood a tenant will fulfill a lease obligation. Using inquiry, credit, and eviction data, MyRental generates a three-digit score between 200 and 800.

How can I find out what my rental score is?

You can also easily see whether or not other landlords in your area have accepted or rejected applicants with the same score. While these percentage values do not represent a CoreLogic recommendation, they can provide valuable insight into the state of your rental market.