It’s a common misconception that one’s monthly income must meet a certain threshold to be approved for a new lease. In some cases, you don’t actually need to prove employment to lease an apartment. A lack of documented income can make apartment hunting a bit more challenging, but if you know where to look, you can absolutely find apartments without income requirements.

Whether you are unemployed or simply unable to provide income documentation, there are still ways to secure a new apartment home. If you find yourself in this boat, check out our tips below to help with your search.

How to Rent an Apartment Without a Job

Research Income Requirements

Apartment income requirements differ by property management company, and believe it or not, there are apartments without income requirements. While this certainly isn’t a typical leasing situation, you could still be living in the apartment of your dreams if your application meets other conditions.

Apartment communities that do not require proof of income can be few and far between. For this reason, we suggest you start by researching management companies instead of focusing on location or amenities. Do some digging online or make a few calls to learn about the application requirements and process before attending any open houses.

Maintain Your Credit Score

If you’re trying to figure out how to rent an apartment without a job, start by taking a look at your credit. A decent credit score can help you land an apartment if you don’t have proof of income. Credit scores range from 300 to 800.  Once yours heads towards 600, you’re more likely to find yourself approved for anything from loans to leases. In this case, a landlord will be less concerned with income documentation because they can see you have a proven track record of making sound financial decisions and meeting your obligations.

Keep your credit score up by paying bills on time and avoiding significant debt. Otherwise, you will be trying to figure out how to rent an apartment with bad credit. This will make the process more difficult, especially without proof of income.

Build Your Savings

While it is possible to start renting an apartment without a job, you will still need to pay for your housing each month. Growing a savings account before moving in can have a huge impact here. There are a few ways to save up for an apartment if you don’t have a steady paycheck. With these tips, you’ll have a source to draw from while job hunting.

Don’t Rent Alone

Finding apartments without income requirements can be a lengthy process. If you’re short on time, you may want to consider finding a roommate who does have income documentation. Whether this person is a friend, acquaintance, or significant other, they can make the approval process easier.

Similar to a roommate, a co-signer can be beneficial if this person is able to provide the income documentation which you lack. This is someone who is willing to assume financial responsibility for your rent if you are unable to pay. Many management companies allow co-signers in the event that a future resident is unable to provide income documentation.

Consider Renting With Southern Management

Apartment income requirements are different depending on which management company you work with. Southern Management is the best property management company to partner with if you are unable to provide proof of income.

Our financial counselors work with unique situations to determine how renting can fit into your budget. We are able to offer conditional leases that work for both you and the community you’ll be renting from.

To learn more, contact us today.