Apartments for Cheap

Questions and Answers

Your Questions About Cheap Apartments Rent No Credit Check

May 31, 2013

James asks…

How much money do i need to rent an apartment?!?

im 20 years old and i would love to move out on my own soon, i was wondering how much monthly income i would need in order to rent a 1000 dollar a month place? how long would it take or how hard would it be to find a job willing to pay me enough so that i could do this!?

Administrator answers:

You would need a FULL time job in order to pay that much rent. You should also include all other bills you might have.

Truthfully, it really depends on how much rent is. Good rule of thumb though, is to never spend more than thirty percent of your income on rent. If you’re seriously questioning how much rent you can afford, perhaps you should try renting a studio, which is usually built and meant for one person. They’re usually much cheaper.

Without prior work experience, it’s most likely employers will not hire you simply because you’re inexperienced. Most employers look for experienced workers.

But, there ARE jobs out there, even though the economy is tough right now. You just have to know where to look.

Also, be aware, that most apartment places WILL run a credit check on you. But there are the few that don’t.

If you can’t find a job, maybe someone in your family or a friend would be willing to co sign your lease, meaning the co signer would be responsible for paying if you can’t.

Is there any way you can look for something cheaper? A thousand a month is pretty steep. (It would have to depend on how big the apartment is if it’s worth paying a thousand for)

Good luck on your search!

Daniel asks…

Ccredit scores and getting an apartment ?

My credit score is 549 and my boyfriends is 701…will we have trouble getting an apartment?

Administrator answers:

While it is totally legal for apt managers to seek one’s credit score as a guide to one’s paying habits,
it is never been known to be a bar to obtaining an apt. One’s attitude, non criminal record,
one’s work habits, all matter to apt managers.

Keep in mind perhaps more important–you can PROBABLY get a house to buy easier
and cheaper than you can rent!!! Check it out
luck to u

Richard asks…

My fiance & I are thinking about buying a townhome/condo. What are the pro’s & con’s of that?

This would be the first place we would ever own. I mean it seems like such a great deal to just be paying around $400-$500 for one. Right now we live in an apartment, $674/mon. But I just wouldn’t know if this is a smart idea?

Administrator answers:

This is actually a great idea. Now is the best time to buy a house/condo because
1) ridiculously low interest rates (they haven’t been this low in many years)
2) property values have dropped by half in most places, meaning you’re probably getting the condo for a very cheap price compared to just 2-3 years ago, and
3) the first time home buyer tax credit, which means you get 10% of the sale price back as part of your tax returns.

So, with all these great options, should you get a condo or house?

Unlike houses, condos are not unique, and look the same as the one next door. That’s only a problem when you go to sell yours. This means when your neighbor(s) decides to sell his condo for 80k, and you think your’s is worth 150k, then guess what, your neighbor just lowered the market value of your condo. Of course it could very well go the other way in terms of increasing your market value too.

This doesn’t happen as quickly with houses, becuase houses are not EXACTLY the same as one another. You have more control over the sell price of a house than you do a condo because you cannot customize a condo very much, thus making it’s market value whatever your neighbors are selling for.

A condo is a great idea if you want low maintenaince and don’t care about improving the home, investing in it, or flipping it to make more money because the market for condos is currently a bit unpredicatable.

This is why houses are generally a better investment than condos. But if you just care about saving the money that would otherwise go towards rent anyways and thus wasted, then a condo is better than renting. This is provided that you and your fiance have your finances figured out, can afford it, and you buy a condo in a good neighborhood so property values aren’t likely to drop further. Hope this helps, and be sure to check out the articles on this topic in the sources section.

Sandra asks…

Moving away, where do you start?

My boyfriend and I want to move out of our hometown, but where do we start? Saving money is the first step, but how can manage saving money, while still paying our rent, bills, etc.? Any advice for us?

Administrator answers:

If you do the move yourself, you can save a lot of money. U-Haul and similar services have rates that are cheap for the use of truck, but pricey for the mileage, like $0.50 per mile. A one way rental costs little more than local, but carefully control the mileage. Packing, loading, unloading, unpacking are potentially good and bad events, but with many volunteers helping, it can be enjoyable and easy. A professional mover might charge $20 per box for packing, $5 for loading, and I’m not sure how they charge for actually shipping it.

The first step is to figure out where you’re moving to. Visit in person and check out housing rental rates. In most cities, the “apartment guides” cater to large complexes, professional property managers, and expensive housing. For the best deals, find an acceptable neighborhood and walk around looking for “For Rent” signs.

If the new digs cost less than or about the same as your current situation, then you need only find money for physically moving. Typically you don’t need to pay rent simultaneously at both places. Especially if it will take a few days to move from one to the other, you can save a little rent.

There are start up costs which won’t directly match deposit refunds, etc., so be sure to have more money than you think you need. It can help to get letters of recommendation or letters of credit from your current utilities so that maybe the new utilities won’t require a big deposit, and maybe none at all.

Sandy asks…

Will i get approved for this apartment?

This apartment costs 810 a month, it’s a 2 bedroom that I’d be living in with a friend. I have a credit card that it has been paid on time everytime, just not large ammounts… primarily minimum payments. Also, I make about 1750 gross a month and my roomate makes about 2500-2800 gross a monmth probably or close. His credit is descent. I don’t have any renting history. He does but it was bad but the thing is they ended up getting paid off and it was a long time ago. Do you think we will get approved based solely off of our income and descent credit?

Administrator answers:

You have a good shot at getting approved, but nothing is 100% guaranteed.

The PROS:

1) You guys definitely make a decent enough income to afford the place. Landlords typically look for weekly income that is nearly equivalent to the price of rent. So that means that the landlords will seek an income of $810 x 4.5 = $3645. Your income of $4250-4550 exceeds that baseline amount nicely.

2) Although your credit history is probably small, it is in good standing and definitely better than no credit history at all.

3) You stated that although your roommate has had past apartment problems, his credit is decent.

The CONS:

1) Insufficient good rental history. While you show payment history for your credit card, you lack rental history. The only member that does have rental history is your roommate’s, but his is tainted. If your roommate had any GOOD rental experiences(I’m hoping his bad experience wasn’t his only one?), then he should use THAT landlord as a reference and nix using the “bad rental” landlord as a reference.

2) Unless your roommate’s bad rental problems occured 7+ yrs ago, odds are they are still apparent on his credit report. Evictions(mainly for not being able to pay rent) usually result in a Public Judgment(where the tenant gets sued), and that stays on one’s credit report for 7yrs from the court date(possibly more, depending on the state). If the Public Judgment wasn’t paid very soon after, it might have resulted in the judgment amount being sent to a collections agency, which essentially does “double jeopardy” to one’s credit. The good thing is that the past apartment problem was paid off and it’s a few years in the past by now. So your roommate’s credit score has probably rebounded(at least part way) in spite of the Public Judgment still being on his credit reports(assuming the judgment is <7yrs old).

I've definitely heard of cases where having ANY Public Judgment associated with unpaid apartment rent was a deal breaker. I'd recommend that your roommate obtains a copy of his credit reports to check and see if the judgment is anywhere on there. Judgments generally only show up on credit reports from Experian. If it's on there, then I'd recommend seeking an apartment that does not use Experian for tenant screenings. Or, I'd recommend seeking a cheaper apartment or negotiating with the landlord by paying an extra month's rent upfront as part of the deposit. Another thing that works, is to talk to the landlord prior to the landlord running your roommate's credit. Explain the situation, any unfortunate events beyond one's control that led to the rental problem, how your roommate has changed for the better(evidenced by his decent credit; he must have maintained good money behavior if his credit is still decent in spite of the Public Judgment), etc. Sometimes that can work wonders. Good luck!

Steven asks…

Need help finding cheap apartments in jacksonville fl?

Cheap apartments that rent 500 a month or a little more in jacksonvilee florida

Administrator answers:

If you are looking for a place to live instead of n apartment go to Normandy Estates. For about the same money that you would pay to get an apartment you could be buying a mobile home We did few months ago put 1500 down( about the same as first and last or security deposit) We are buying a 16x 76 3 bedroom 2 bath mbile home our payments on that are 250 and the lot rent is 350 do you get abot 600 total After I did that I got my tax guy to amend my return to get home buyers credit and so expecting a nice check any day now from IRs

Normandy Estates is 904-786-2377 I think
My tax guy is 904-3890829

ps if you decide to do this email me cause they give referral bones at Normandy Estates

Linda asks…

Cheap apartments for rent in sussex county, NJ, no credit required?

My mother and I have never seen eye to eye, so when I turn 18 this February, I need to move out, but stay in Sussex so I can keep going to my high school. Nothing fancy. I work minimum wage and can’t afford much. A studio or one bedroom would do. Please help?

Administrator answers:

No credit required to get an apartment.
It is a myth that you need credit.
Imagine if credit was required. 1/2 of first timers would live at home till 25.
This is where no credit is better than bad credit.

You will need 6 moths to 1 year of employment.
The salary will need to be enough to easily support the rent.
Never spend more than 25% of your income on rent.
Ex: Min wage full time = $1,200 a month.
Rent should not be more than $314 a month. So think roomate.

Take copies of your checking account and savings account statements when you apply.
Also your state issued ID along with your last paystub.
Don’t forget deposits and first and last months rent (different for all landlords).

Nancy asks…

i want to live in thailand for a few months?

i go to thailand every year now my job wants to down size
would love to live in thailand but i don’t have much in savings. i would probably stay in pattaya that’s where i have the most friends.this all depends if i get lay ed off if i do then i would stay for a few month’s or 28 day’s a month while looking for work online.

Administrator answers:

You can get a tourist visa for 60 days and extend for another 30 days. You don’t mention what country passport you will be using. Assuming you qualify for the free 30 day Visa Exemption at the airport you will probably qualify for the tourist visa.

Many tourists stay the summer months. A few months in Thailand is no problem but living there full time, year after year, is the problem.

For a long visit you should have at least a couple different debit cards to work from. If you can get travelers checks for free bring some. Cheaper to cash a travelers check than use most ATMs. But you must tell your bank or credit union that you will be overseas. You can set up a Bill Pay account to pay bills at home. Car payments, rent or utilities payments for apartments, mortgage on house, etc. These are the things to set up ahead of your visit to Thailand!

Thai Visa Forum goes into staying in Thailand for long periods.

Http://www.thaivisa.com/forum/forum/1-thai-visas-residency-and-work-permits/

Of course, since you have visited often, you know different areas in Thailand are cheaper than other areas to live in. Plan your budget out if you do not have any income coming in!

Good luck.

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