

FAQs
If you cannot prove sufficient income for a New York apartment, you can get approval using a guarantor who co-signs your lease.
This means that they’ll have to provide the materials listed above in addition to whatever materials you can provide (you’ll still need to submit a form of photo ID, credit report, and in some cases, documents regarding your work status, like proof of school enrollment or previous rental history).
If you do not have a personal guarantor, we suggest using Isurant, The Guarantors, or Rhino as a third-party service.
The qualifications for renting each apartment vary, as it’s up to each property owner to decide whether to approve or deny an application. Though not a hard and fast rule, many New York property owners use a minimum annual income of 40 times the monthly rent and a 700 credit score for prospective tenants.
If you fall below this threshold, consult with your agent – you might still have a chance of qualifying on your own. If not, you may need to consider applying with a guarantor or using a company that acts as a guarantor on the insurance model.
It’s important to remember that wage income is not the only verifiable income. Freelance earnings, tips, grants or school loans, gifts, and various types of subsidies are also often considered. In the case of housing subsidies, a full subsidy may exempt you from a landlord's credit requirement.