What are typical qualifications to rent an apartment in NYC?
There are several rules of thumb. First and foremost, you must have good credit (high 600’s at the minimum). Second, the landlord wants to see that you make—or that you and your roommate(s) combine to make—40 times the monthly rent in annual salary. For example, to rent a $2,500 one-bedroom, you should be earning $100,000. If you don’t meet these standards you may need a guarantor, which is essentially a co-signer. Your buddy Chuck, the part-time caterer, is not what a landlord is looking for here.
