Apartments For Rent in Atlanta, GA | realtor.com® (2024)

FAQs

How do I get approved for an apartment in Atlanta? ›

For a one-bedroom apartment in Atlanta, workers would need to earn $31.60 per hour to afford the housing wage and the FMR is a reported $1,643 according to NLIHC.

Most landlords in Atlanta expect you to have at least 620. Applicants with lower scores are turned down as they are associated with a high risk of default on rent.

The credit score needed to rent an apartment varies depending on the landlord and location. Landlords typically look for a credit score of 620 or higher.

Using those methods, the researchers found that single Atlanta residents would need an hourly wage of $51.66 or a $107,453 salary before taxes to live comfortably. For working parents with two children, the number is even higher at $230,880 needed annually.

Here's how much money you need to make to live by yourself comfortably in Atlanta: Hourly wage needed: $51.66. Salary needed for a single adult: $107,452.80. Total salary needed for two working adults with two children: $230,880.

What is the average rent in Atlanta, GA? As of July 2024, the average rent in Atlanta, GA is $1,576 per month. For comparison, the national average rent price in the US is currently $1,536/month, which means Atlanta rent prices are 3% higher than the national average.

Generally, most landlords require applicants to have a credit score of at least 620 to be considered for rental housing. This means that if your FICO score is lower than 620, you may be denied an application or asked for additional security deposits or co-signers before being approved.

What credit score do you start with? ›

Instead of starting from the bottom, you'll actually start with no credit score instead — and that's not as bad as you might think. Implementing the behaviors to establish good credit is essential to what credit score you start with, but that's after meeting the criteria to get past the no credit history phase.

Most landlords use FICO credit scores to determine if an applicant qualifies for an apartment. The typical categories for those scores are: Exceptional: 800 to 850. Very Good: 740 to 799.

Meet the U.S. Department of Housing and Urban Development's (HUD) definition of a family (one or more individuals who live together). Meet income limits specified by HUD (less than 50% of the median income for the county in which you live). Be a citizen or eligible immigrant. Be 18 years of age or older.

PMI Georgia approves rental applications based on verification of employment, rental history, criminal background check and debt to income ratio. Credit score is just a small factor in the decision process. Everyone who will occupy the home over the age of 18 must complete a rental application.

Nevertheless, persistent supply deliveries and the enduring effects of a slower 2022 have contributed to a continual increase in vacancies. Atlanta's current vacancy rate stands at 11.9%.