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The standard is to show two years of tax returns. You may also be asked to show recent bank statements or client checks to substitute for pay stubs. If you have a slow season, show bank statements from the busier seasons, too.
What do you need to rent an apartment? Pay stubs Youll need to provide proof of your income to confirm your ability to pay rent. Bank statements Some applications may request bank statements instead of or in addition to pay stubs. Proof of ID This can usually be your drivers license or passport.
Follow these nine steps, and youll be ready to tackle the renting process with confidence. Determine your budget. Identify your priorities. Ensure you have a good credit score. Search for an apartment. Take an apartment tour. Submit your rental application. Complete a background check. Read and sign the lease.
After moving in, ensure you have a budget that allows for ongoing rent and living expenses. Aim to have at least 3 months rent saved as a cushion. To comfortably move into your first apartment, consider saving at least $3000 to $5000 for initial costs and a buffer for ongoing expenses.
A guarantor or co-signer on a lease for a rental space will often allow those who cannot provide proof of income with an opportunity to rent. In fact, this has become a common practice among renters.
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To get approved for a rental, a credit score of 650 or higher is generally where you want to be, Xu advised, as 650 is typically the minimum score that landlords require of tenants. It often takes a long time to build a good credit score.
Get your documents ready for the application Identification (a copy of your drivers license, passport, or other government-issued ID) Proof of income (pay stubs, employment verification, or bank statements) Social Security number. Credit report. Rental payment history.
A Step by Step Guide Through the Rental Application Process Fill out a rental application. Pay the apartment application fee. Expect credit and background checks. Prove you can pay rent. Figure out if you need a co-signer. Show them that you are an agreeable renter. Have good personal references. Sign the lease.

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