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.
$1,812.02
Average price for rent in United States
$5.94
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, Lubbock Texas 79412
     13
    2 Bedroom, Lubbock Texas 79412
    $665
    Lubbock, Texas - For Rent - Apartment - 755 sq.feet - 2 bedrooms - 1 bathroom
    ! This apartment is a cute and newly renovated 2 bedroom, 1 bath, 755 sq. Ft. Home. This property comes... Is required for all properties. This property is a part of our second chance leasing...
    1 Bedroom, Dallas Tx 75215
     6
    1 Bedroom, Dallas Tx 75215
    $950
    Dallas, Texas - For Rent - Apartment - 1 bedroom - 1 bathroom
    Our apartments on pear st. Offer everything a resident needs. From the completely... One of our apartment homes, the following requirements need to be met. Monthly...
    1 Bedroom, Lubbock Texas 79401
     8
    1 Bedroom, Lubbock Texas 79401
    $625
    Lubbock, Texas - For Rent - Apartment - 392 sq.feet - 1 bedroom - 1 bathroom
    Properties. This property is a part of our second chance leasing program. $0 security deposit when you use rhino...
    1 Bedroom, Lubbock Texas 79412
     8
    1 Bedroom, Lubbock Texas 79412
    $650
    Lubbock, Texas - For Rent - Apartment - 540 sq.feet - 1 bedroom - 1 bathroom
    Properties. This property is a part of our second chance leasing program. For more details and to contact: realtyww.Info...
    1 Bedroom, Dallas Tx 75206
     14
    1 Bedroom, Dallas Tx 75206
    $1,300
    Dallas, Texas - For Rent - Apartment - 1 bedroom - 1 bathroom
    Located near one of dallas timeless neighborhoods, this apartment complex offers everything you are looking from in an apartment and more! Being located right by lower...
    1 Bedroom, Dallas Tx 75206
     13
    1 Bedroom, Dallas Tx 75206
    $1,300
    Dallas, Texas - For Rent - Apartment - 1 bedroom - 1 bathroom
    Located near one of dallas timeless neighborhoods, this apartment complex offers everything you are looking from in an apartment and more! Being located right by lower...
    1 Bedroom, Dallas Tx 75206
     12
    1 Bedroom, Dallas Tx 75206
    $1,300
    Dallas, Texas - For Rent - Apartment - 1 bedroom - 1 bathroom
    Located near one of dallas timeless neighborhoods, this apartment complex offers everything you are looking from in an apartment and more! Being located right by lower...
    2 Bedroom, Dallas Tx 75206
     10
    2 Bedroom, Dallas Tx 75206
    $1,600
    Dallas, Texas - For Rent - Apartment - 2 bedrooms - 1 bathroom
    Located near one of dallas timeless neighborhoods, this apartment complex offers everything you are looking from in an apartment and more! Being located right by lower...
    1 Bedroom, Dallas Tx 75214
     10
    1 Bedroom, Dallas Tx 75214
    $1,300
    Dallas, Texas - For Rent - Apartment - 1 bedroom - 1 bathroom
    Timeless neighborhoods, this apartment complex offers everything you are looking from in an apartment and more! Being located right by lower greenville and deep ellem, there is no...