Second chance apartments for rent

Second chance apartments for rent in the US

Understanding the Concept of Second Chance Apartments

Not everyone is familiar with the concept of second chance apartments. These types of apartments are offered to people who have experienced some financial setback that would prevent them from renting units elsewhere. Sometimes known as high risk apartments, these types of living arrangements can serve as a stepping stone toward repairing a damaged credit rating.

Second chance apartments may be right for people who have been through some sort of financial hardship and ended up facing eviction or defaulting on debts due to financial reversals. For example, a tenant who lost his or her job and could no longer afford an apartment may end up being evicted. At the same time, credit card and other debts were left unpaid, resulting in defaults. While the individual has since found another job and is making headway in repaying those old debts, the damage to the credit rating has already been done.

Some landlords will look closely at the circumstances surrounding those unfortunate events and be willing to take a chance on the applicant. In order to offset some of the risk involved, the landlord may require a higher deposit, and maybe even at least one month of rent held in reserve.

In return, the tenant has the chance to live in a comfortable apartment, and will also build good credit with the landlord by making the rent payments on time every month. The landlord in turn submits positive comments to the major credit reporting agencies, effectively aiding the tenant in rebuilding his or her credit over time. When all goes well, that tenant will be in much better financial condition in two or three years, and be in a position to ask for more favorable rental terms and conditions.
$1,620.02
Average price for rent in United States
$10.18
Average price per sq.feet for rent in United States
Cities with second chance apartments for rent
second chance apartments for rent ads
7303 Avenue X Apt 110, Lubbock, Tx 79423
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7303 Avenue X Apt 110, Lubbock, Tx 79423
$1,050
Lubbock, Texas - For Rent - Apartment - 1,515 sq.feet - 3 bedrooms
This property is a part of our second chance leasing program. (rcta-1)...
1314 53rd St Apt C, Lubbock, Tx 79412
 8
1314 53rd St Apt C, Lubbock, Tx 79412
$645$695
Lubbock, Texas - For Rent - Apartment - 755 sq.feet - 2 bedrooms
This apartment is a cute and newly renovated 2 bedroom, 1 bath, 755 sq. Ft... Second chance leasing program...
1310 53rd St Apt B, Lubbock, Tx 79412
 8
1310 53rd St Apt B, Lubbock, Tx 79412
$595
Lubbock, Texas - For Rent - Apartment - 525 sq.feet
This apartment is a cute and newly renovated 1 bedroom, 1 bath, 525 sq. Ft... Second chance leasing program...
9737 Whitehurst Dr, Dallas, Tx 75243
 7
9737 Whitehurst Dr, Dallas, Tx 75243
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Dallas, Texas - For Rent - Apartment
Corner of lake highlands, twin oak condos has all the luxuries one looks for in an apartment... Around the corner. The apartment itself comes with water and trash utilities included...
5823 6th St Apt F, Lubbock, Tx 79416
 12
5823 6th St Apt F, Lubbock, Tx 79416
$1,200
Lubbock, Texas - For Rent - Apartment - 7,522 sq.feet - 3 bedrooms
5823 6th. F is a 3 bedroom, 2 bath, 1159 sq. Ft. Apartment with a 2 car garage... Of our second chance leasing program. (rcta-1)...
Chez Moi Apartments 2585 Beeler Dr Sw, Atlanta, Ga 30315
 17
Chez Moi Apartments 2585 Beeler Dr Sw, Atlanta, Ga 30315
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Atlanta, Georgia - For Rent - Apartment
French garden style apartments with spacious floor plans gated community... A second chance opportunity quick same day approval process with low deposit convenience...
1331 Tennis Dr Apt D, Bedford, Tx 76022
 10
1331 Tennis Dr Apt D, Bedford, Tx 76022
$1,050
Bedford, Texas - For Rent - Apartment - 869 sq.feet - 2 bedrooms
(rlne64372-) - bed/1bath yes! We are second chance leasing. Property id: 513164toscana is the perfect community for everyone. Spacious 1 bedroom apartment home. Toscana features...
Oak Meadows Apartments 1901 Centenary Blvd, Shreveport, La 71101
 8
Oak Meadows Apartments 1901 Centenary Blvd, Shreveport, La 71101
$455
Shreveport, Louisiana - For Rent - Apartment - 729 sq.feet
Wood floors. Located within minutes of downtown shreveport, the oak meadows apartments offer large 1 bedroom / 1 bath apartments in many configurations averaging 731...
2909 Lucas Drive 2909 Lucas Dr, Dallas, Tx 75219
 15
2909 Lucas Drive 2909 Lucas Dr, Dallas, Tx 75219
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Dallas, Texas - For Rent - Apartment
(214) 506-0-. (rlne4045-) remodeled 1 bedroom apartment! Tucked away in a quiet... Away from the city with the feel of a smaller more personal apartment complex...
3328 Shepherd Lane 3328 Shepherd Ln, Balch Springs, Tx 75180
 11
3328 Shepherd Lane 3328 Shepherd Ln, Balch Springs, Tx 75180
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Balch Springs, Texas - For Rent - Apartment
! These apartments are priced to lease fast so inquire today before they are gone! Promotion... Qualify for one of our apartment homes, the following requirements need to be met...