Boston And Las Vegas Bookend Required Credit Scores For Apartment Renters

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The average credit score of those approved for an apartment lease is on the increase, up 12 points since 2014 to hit 650 in 2017, according to rental applications submitted nationwide.

Across building types, rental applicants approved for an apartment in 2017 had average scores that range from 683 in high-end buildings to only 624 in low-end buildings.

And if you’re wondering which generation of renters is in the best credit shape, that’s Baby Boomers for you, with the highest accepted average score of 683.Zooming in to the city level, two of the most expensive hubs for renters lead the way, Boston with a 737 average credit score of approved applicants and San Francisco with 724. Las Vegas is on the other end of the spectrum with 590, the lowest average credit score of approved renters out of the 50 cities we looked at. Sin City has also witnessed a 6.3% increase in rents since last year, now at $962/mo.

While it may not all boil down to a renter’s credit score, our research shows there’s a strong correlation between it and application approval rates, as you can see in the graph below:

See full credit score report here