If you are trying to buy a property and need a mortgage to do so, the lender will run a credit report to determine the risk of your paying back the loan each month. They want to see all your debts, how much you owe, do you pay them on time, and have you every defaulted or not paid back any loans.
First, the proportion of your income for housing versus all your payments is checked to see that it makes sense - which is just like buying. If you pay more than half your monthly gross for cars and credit cards, that doesn't leave much for rent and utilities.
Second, they look at your history of paying for housing and utilities. If you have judgments for back rent or collections for utilities, landlords are not going to rent to you, even if a bank might lend you money to buy.
Third, the score is not that relevant. Today it is extremely hard to get a bank to lend money to someone with a 610 credit score, but that wouldn't stop a landlord from renting to you.
Here's link to some rentals and you can find some general information on renting on the website, too. http://www.SumnerRealty.com/content/article.html/2524423
It is the same credit report run to buy or lease. Landlords want to see your payment history. They want to see if you pay your bills or not. That might be a good indicator to determine if you will pay them or not. They want to know if you move in if you will pay. Landlords don't like to have to evict people just as much as people don't like getting evicted. It's a good idea if you are renting or buying to pay on time every month and that will help your credit.
FYI about renting in Dallas
Average application fee is approx. $50 per adult residing on the property
Direct Link : Dallas houses for rent by owner
Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors