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.
$1,762.13
Average price for rent in United States
$22.38
Average price per sq.feet for rent in United States
Cities with second chance apartments for rent
second chance apartments for rent ads
2 Bedroom, Richardson Tx 75082
 5
2 Bedroom, Richardson Tx 75082
$1,385
Richardson, Texas - For Rent - Apartment - 2 bedrooms - 2 bathrooms
Eviction? Second chance leasing? Background issues great richardson location... Centerclubhousehigh speed internet accessplaygroundrecreation room credit issues? Second chance...
1 Bedroom, Richardson Tx 75082
 5
1 Bedroom, Richardson Tx 75082
$1,082
Richardson, Texas - For Rent - Apartment - 1 bedroom - 1 bathroom
Eviction? Second chance leasing? Background issues great richardson location... Centerclubhousehigh speed internet accessplaygroundrecreation room credit issues? Second chance...
3 Bedroom, Richardson Tx 75082
 5
3 Bedroom, Richardson Tx 75082
$1,585
Richardson, Texas - For Rent - Apartment - 3 bedrooms - 2 bathrooms
Eviction? Second chance leasing? Background issues great richardson location... Centerclubhousehigh speed internet accessplaygroundrecreation room credit issues? Second chance...
1 Bedroom, Richardson Tx 75080
 7
1 Bedroom, Richardson Tx 75080
$1,098
Richardson, Texas - For Rent - Apartment - 1 bedroom - 1 bathroom
Eviction? Second chance? Background issues? Let\'s talk. Stunning modern... Issues? Eviction, balance, background, second chance leasing. Flexible approval...
3 Bedroom, Richardson Tx 75080
 7
3 Bedroom, Richardson Tx 75080
$2,580
Richardson, Texas - For Rent - Apartment - 3 bedrooms - 2 bathrooms
Eviction? Second chance? Background issues? Let\'s talk. Stunning modern... Issues? Eviction, balance, background, second chance leasing. Flexible approval...
2 Bedroom, Richardson Tx 75080
 7
2 Bedroom, Richardson Tx 75080
$1,675
Richardson, Texas - For Rent - Apartment - 2 bedrooms - 2 bathrooms
Eviction? Second chance? Background issues? Let\'s talk. Stunning modern... Issues? Eviction, balance, background, second chance leasing. Flexible approval...
One Br In Bedford Tx 76021
 1
One Br In Bedford Tx 76021
$707
- For Rent - Apartment - 1 bedroom - 1 bathroom
Spectacular apartment for rent coming available soon! If you're interest... Detail and more! Rates & availability are subject to change daily. No second chance...
Two Br In Dallas Tx 75201
 1
Two Br In Dallas Tx 75201
$2,775
- For Rent - Apartment - 2 bedrooms - 2 bathrooms
Spectacular apartment for rent coming available soon! If you're interest... Second chance leasing, and no we accept vouchers. Appointments are required for tours...
One Br One Ba In Dallas Tx 75240
 1
One Br One Ba In Dallas Tx 75240
$730
- For Rent - Apartment - 1 bedroom - 1 bathroom
Spectacular apartment for rent coming available soon! If you're interest... Detail and more! Rates & availability are subject to change daily. No second chance...
One Br One Ba In Hurst Tx 76053
 1
One Br One Ba In Hurst Tx 76053
$670
Green Bay, Wisconsin - For Rent - Apartment - 1 bedroom - 1 bathroom
Spectacular apartment for rent coming available soon! If you're interest... Detail and more! Rates & availability are subject to change daily. No second chance...