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.
$1,458.28
Average price for rent in United States
$9.65
Average price per sq.feet for rent in United States
Cities with second chance apartments for rent
second chance apartments for rent ads
Lease Beast Lux Apartments Second Chance Felony Misdemeanor
 1
Lease Beast Lux Apartments Second Chance Felony Misdemeanor
$1,088
Dallas, Texas - For Rent - Apartment
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Second Chance Lux Leasing By The Lease Beast Misdemeanor Felony
$1,188
Houston, Texas - For Rent - Apartment
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Houston Second Chance Lux Apartments Bad Credit Broke Lease
$1,288
Houston, Texas - For Rent - Apartment
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Second Chance Lux Apartments Misdemeanor Felony Lease Beast Montrose Museum Midtown
$1,188
Houston, Texas - For Rent - Apartment
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Luxury 2nd Chance Houston Second Chance Broken Lease Eviction Inner Loop Houston
$1,088
Houston, Texas - For Rent - Apartment
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 Second Chance Leases Offered Specials Baytown Baytown
 1
Second Chance Leases Offered Specials Baytown Baytown
$960
Houston, Texas - For Rent - Apartment
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Everyone Deserves A Second Chance Ask For Breanna For Help
 1
Everyone Deserves A Second Chance Ask For Breanna For Help
$699
Augusta, Georgia - For Rent - Apartment
Apartment living.The gazebo 1 bedroom 1 bath includes screened in porch w wd conn...
Houston Luxury Apartments That Work With Misdemeanors Or Felonies
 1
Houston Luxury Apartments That Work With Misdemeanors Or Felonies
$1,288
Houston, Texas - For Rent - Apartment
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Felony Lux Apartments Inner Loop Houston Houston Inner Loop
$1,188
Houston, Texas - For Rent - Apartment
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Wow. $199 Move In Special Villa Del Ray
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Wow. $199 Move In Special Villa Del Ray
$395
Killeen, Texas - For Rent - Apartment
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