Depending on why you have poor credit, you may be able to discuss your situation with the property manager--lack of credit, divorce, medical set back or loss of employment. You'll have to provide documentation that those situations have been corrected, have stable income, references and other details as needed..
In that case, ask. A few private landlords and apartment complexes will make special exceptions for individuals. They may raise the security deposit, ask for higher than usual rent and/or ask for a co-signer. If you default, they will keep your higher security deposit and/or go after your co-signer.
Check all the credit reporting bureuas to be sure that they have recorded your recent timely payments. Investigate your options.
Kimberly Barton, REALTOR
Champion Realty, Inc.
711 Bestgate Road
Annapolis, MD 21401
410.224.0645 (Direct Dial)
410.224.0600 x 645 (Office)
There are many factors to consider in determining how best to achieve your goal of securing an apartment with bad credit. First, how soon would you want or need to get your apartment? Bad credit can be repaired, but this takes time, knowledge, patience, and perseverance. When was the last time you checked your credit on all three credit bureaus? The more you understand as to why your credit is bad, the quicker you can affect change. Also, what are your apartment standards, flexibility and liquidity? There are many landlords who cannot demand the best credit from all of their tenants, especially in this economy. Simply put, landlords want to see assurance that a tenant is willing and able to pay the rent. Period. Was your bad credit due to temporary forces beyond your control that are now behind you? If you can document why your credit has been impacted, prove gainful employment and strong qualifying income, and consistent rental payment history, you may be able to get around the credit issue for now. You may also suggest two months deposit. FYI, Maryland law caps the amount of deposit a landlord may hold for a rental unit. These are just a few ideas. Keep asking questions and research your options through trusted sources (there's so much info online, through banks, credit bureaus, libraries, lenders, etc. available to you). Good luck!!
Best of Luck.
Tierra Antigua Realty