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.
$1,543.25
Average price for rent in United States
$7.49
Average price per sq.feet for rent in United States
Cities with second chance apartments for rent
    second chance apartments for rent ads
    251 North St Apt 3, Harrisburg, Pa 17101
     13
    251 North St Apt 3, Harrisburg, Pa 17101
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    Harrisburg, Pennsylvania - For Rent - Apartment - 909 sq.feet - 2 bedrooms - 1 bathroom
    Here's your chance to live in a spacious apartment 1/2 a block from the capital building. With great restaurants, the nightlife on second st., river front park, and museums...
    875 Victor Ave Apt 350, Inglewood, Ca 90302
     24
    875 Victor Ave Apt 350, Inglewood, Ca 90302
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    Inglewood, California - For Rent - Apartment - 2,600 sq.feet - 2 bedrooms - 2 bathrooms
    Here is your chance to live in a phenomenal penthouse apartment. Boasting tall ceilings, oversized windows, this apartment is bathed in light, 2 balconies...
    509 Pierre St # 2b, Manhattan, Ks 66502
     9
    509 Pierre St # 2b, Manhattan, Ks 66502
    $600
    Manhattan, Kansas - For Rent - 1 bathroom
    Amazing upstairs apartment at a great price! Recently renovated! - don't miss your chance to rent this cozy 2 bedroom property! Centrally located in manhattan...
    1735 W Ellen Street # Second Floor, Chicago, Il 60622
     6
    1735 W Ellen Street # Second Floor, Chicago, Il 60622
    $1,600
    Chicago, Illinois - For Rent - Apartment - 2 bedrooms - 1 bathroom
    Countertops! Charming wicker park second floor walk up with 2 bedroom 1 bath, hardwood... Avenue giving you a chance to go to the angry crab, big and little's, al's beef...
    2813 Woodmark Dr Apt 301, Woodbridge, Va 22191
     9
    2813 Woodmark Dr Apt 301, Woodbridge, Va 22191
    $1,199
    Woodbridge, Virginia - For Rent - Apartment - 720 sq.feet - 1 bedroom - 1 bathroom
    Come by for our second chance housing offers! 3-15 month lease terms available.
    9616 Wickersham Rd # 1, Dallas, Tx 75238
     12
    9616 Wickersham Rd # 1, Dallas, Tx 75238
    $995
    Dallas, Texas - For Rent - 1,000 sq.feet - 2 bathrooms
    Del rey village is more than an apartment community.We are family! We are a second chance community our friendly and professional staff are here to accommodate you...
    9662 Wickersham Rd # 1, Dallas, Tx 75238
     8
    9662 Wickersham Rd # 1, Dallas, Tx 75238
    $995
    Dallas, Texas - For Rent - 1,000 sq.feet - 2 bathrooms
    Del rey village is more than an apartment community.We are family! We are a second chance community our friendly and professional staff are here to accommodate you...
    9594 Wickersham Rd # 1, Dallas, Tx 75238
     10
    9594 Wickersham Rd # 1, Dallas, Tx 75238
    $995
    Dallas, Texas - For Rent - 1,000 sq.feet - 2 bathrooms
    Del rey village is more than an apartment community.We are family! We are a second chance community our friendly and professional staff are here to accommodate you...
    9620 Wickersham Rd # 2, Dallas, Tx 75238
     2
    9620 Wickersham Rd # 2, Dallas, Tx 75238
    $995
    Dallas, Texas - For Rent - 1,000 sq.feet - 2 bathrooms
    Del rey village is more than an apartment community.We are family! We are a second chance community our friendly and professional staff are here to accommodate you...
    9618 Wickersham Rd # 1, Dallas, Tx 75238
     12
    9618 Wickersham Rd # 1, Dallas, Tx 75238
    $995
    Dallas, Texas - For Rent - 1,000 sq.feet - 2 bathrooms
    Del rey village is more than an apartment community.We are family! We are a second chance community our friendly and professional staff are here to accommodate you...