ANSWERS: 1
  • No, generally if you have a good credit history and can afford the apartment you'll be approved. For an apartment to be affordable, the rent should cost less than 33% of your monthly take home pay, assuming of course you've got that money available and it isn't already committed to other things. This isn't enforced by law, and very few rental companies apply the standards of affordability the way a mortgage lender will. In a few very rare cases, such as with certain kinds of students or senior citizens, it makes sense to allow a tenant who earns less.

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