credit score for apartment approval
The credit score thresholds most landlords use when evaluating rental applications — typically 620-650 minimum.
Example
“Her 605 credit score was below most landlords' 620 minimum requiring a co-signer or larger deposit.”
Memory Tip
620 MINIMUM — most landlords require it. Below that expect deposits or rejections.
Why It Matters
Your credit score directly determines whether landlords will approve your rental application and what terms they will offer. A score below the typical 620-650 threshold can result in rejection, higher security deposits, or the need for a co-signer, making it harder to secure housing.
Common Misconception
Many people believe that having no credit history is the same as having a low credit score. Actually, no credit history makes it difficult to rent but a low credit score is worse because it actively demonstrates past financial mismanagement or delinquency.
In Practice
A renter with a 580 credit score applies for a two-bedroom apartment that requires a 650 minimum. The landlord denies the application, but offers an alternative: the renter can be approved if they pay a 1500 dollar non-refundable upfront fee and find a co-signer with a 700 score, demonstrating how scores below the threshold trigger penalties.
Etymology
Modern rental market reality — credit score as a housing access 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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