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Some common criteria include: No past evictions. No bankruptcies. Pet limits (weight, breed, how many, etc.) Income to rent ratio (such as monthly income that is three times the rent) No judgments/liens.
Document Checklist for Tenants Please have the following documents and information ready prior to applying. ... Proof of identity. ... Proof of residency and rental obligation. ... Proof of income. ... Proof of past-due utilities. ... Documentation of rent due. ... Must certify that the tenant is not related nor living with the landlord.
Income must be 3 times the rent amount on a monthly basis (net) One month worth of paystubs required. A credit score of 700 and above required. No past due or collection accounts on screening report. No eviction or bankruptcy on screening report.
You'll want to shoot for having a good credit score ? generally in the range of 570-739 ? to get an apartment. While you may be able to still get an apartment if you don't have solid credit, it will make it more challenging with the competition you're likely to face.
By: Sophie Nieto-Munoz - June 14, 2023 pm The report says the fair market rent for a two-bedroom apartment in New Jersey is now $1,742, which requires someone to have an annual income of nearly $70,000, or a $33.50 hourly wage, if they don't want to spend more than 30% of their pay on utilities and rent.