People also ask
What credit score do you need to rent a rental property?
So if you檙e renter has a score of 670 or higher that a very good credit score for most rentals. Most landlords are looking for a score somewhere between 600 ?650 since renters don have the credit history of making mortgage payments to boost their credit score.
What is the average credit score for renters in 2020?
Specifically, according to our analysis of more than 5 million lease applications nationwide, the average credit score of renters in the U.S. was 638 in 2020. Plus, credit scores can also vary widely in different types of buildings.
What is an average credit score for tenants in America?
These are some of the most popular numbers used as a measure of what is an average credit score for tenants in America. This is the exact average score we have seen in one year of data among all of the reports we檝e completed. This means if the score is lower than 649, it should be at least a little concerning.
Why does my credit score matter when renting a house?
Because it details your history of paying off攐r not paying off攄ebts. A landlord uses it to see how likely you are to pay your rent on time. The lower your credit score, the less likely your property manager is to accept your rental application.