Many times people with bad credit will have a local friend, or family member act as their guarantor. It makes me feel more comfortable because I make sure the guarantor has ample income and good credit. You can always offer to pay a double security deposit or pay a few additional months of rent in advance as well.
Please also check my blog - Get your rental application to the top of the stack. 4 proven tips to get your rental application approved. http://www.trulia.com/blog/JessicaAcker/2011/09/getting_your…
Jessica M. Acker
Wellman Realty Company
1415 Stanford St., Suite #4
Santa Monica, CA 90404
Direct (310) 828-3132
DRE License # 01894323
Each landlord will set their own criteria as to what they will accept. Many people have had difficulties over the past few years resulting in foreclosures and bankruptcies, but have still found rentals available. You may need to be more flexible in what you will accept, pay or be required for a deposit, but there should be options for you.