Income. Many landlords require applicants to show that their income is at least 3 times the monthly rent. They may ask for proof of income, including pay stubs or benefits statements. If your income does not meet your landlord’s requirements, you can ask a family member or friend to act as a cosigner who will guarantee your rent payments.
Eviction History. If you have an eviction on your record, landlords cannot deny your application under certain circumstances under the Renters Access Act. However, you should be prepared to explain the circumstances of your eviction. Survivors of domestic violence have additional rights surrounding evictions. See Philly Tenant’s article on domestic violence and evictionsfor more information.
Security Deposits. Most landlords will ask for the first and last month of rent up front, along with a security deposit, so your initial payment will be about three times your monthly rent. Some landlords are open to negotiation about security deposits. You can also see Philly Tenant’s Rental Assistance Article for a list of organizations that can help you meet your deposit.