alumniguy wrote:seriouslyinformative wrote:So, a person making $160k can probably rent an apartment at $4k without a guarantor.
No, fulfilling the income requirement is usually not sufficient. If you don't have an employment history of making that kind of money, and the tax filings and bank statements to show for it, they'll either still want a guarantor, more months' rent up front, or extra security deposits.
This is on a case-by-case basis though. I was turned down for an apartment that was $2500 (on my $160k salary) because I had no employment history. They wanted a guarantor making 80 times the rent. I didn't know anyone making that kind of money so I couldn't get that apartment. I ended up with an apartment that cost $2100, also without employment history and did not need to have a guarantor.
Let's not even get started on what a total cluster-fuck the rental process is in NYC.