How to find the right apartment

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Before we jump into the size and location of your next apartment, we need to consider a few things beforehand.

There are three main points that we need to look at as future renters.

Budget

  1. Check your total net income for the last 6 months. Net income is the amount you bring home after taxes.

  2. You want your rent to be no more than 40% of your net income. 

  3. Take your monthly paycheck and add up your net income for one month. Divide by 2.5 (better to divide it by 3 to be on the safe side) and this amount will be your rent budget.

Second-Chance Renters

  1. Make sure you are applying at a property that specifically accepts second-chance renters. 

  2. Try to build your rental history because bad rental history can ultimately affect the approval decision and  will make the approval odds slimier. 

Situations and Circumstances

  1. If you have situations or circumstances that may make the application process harder be sure to bring any necessary documentation or letters to reference or support that instance. 

  2. Remember that apartment leasing offices deal with a lot of people and paperwork and not having the necessary information to support your situation could result in denial for a technical situation.

 

To learn more:

How to be approved for and apartment

How to pass a background check

Application Evaluation

Poor credit and application approval

First time renter

Have questions? just check out our Housing application FAQ page

Disclaimer: This is being provided as a general service for the public and not specifically relevant to the properties associated with this website. This is only for common knowledge and ApartmentsNearMe.biz does not assume any responsibility.

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If you are looking for the best 1, 2, or 3+ bedrooms Apartments for rent in Memphis, TN than look no further. No matter if you are looking for luxury, low-income, pet-friendly, or amenity friendly apartments, we are your one-stop-shop. We are a Memphis based management and marketing platform that caters to all users in the greater Memphis and surrounding areas. We pride ourselves on providing the best living experience. Not only do we provide housing, but we also provide online payment systems, consulting, and marketing plans. We ensure our tenants as well as our landlords are comfortable during the entirety of our working relationship.

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