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Searching for a new apartment can be stressful, especially in a competitive rental market where you’re up against several other hopeful renters. If this is not your first apartment search journey, you likely have several strategies in place to boost your chances of finding your happy place sooner rather than later.
But what if you want to apply for multiple apartments at once? Many renters choose to apply for more than one apartment at the same time to improve their chances of securing a place quickly. However, there are a few things to consider before submitting several applications. In this article, we’ll break down the key points you need to know, including fees and tips to make the process smoother.
So, can you apply for multiple apartments? Yes, just be prepared.
Applying for multiple apartments at the same time is a common strategy, particularly in cities where rental units are snatched up fast, such as New York City and San Francisco. Here’s why it makes sense and what you need to keep in mind:
Application fees add up
Most landlords and property managers charge a non-refundable application fee, which typically covers credit and background checks. In some states, like New York, this fee is capped at $20, making it more affordable to apply for several places. However, in other areas, fees can range from $30 to $75 per application, so be mindful of your budget when applying for multiple apartments.
Credit and background checks
Many landlords require a credit and background check before approving a renter. Instead of paying for multiple checks, some rental companies allow you to submit a recent credit report (within 30 days) to avoid unnecessary fees. If possible, ask landlords whether they will accept a third-party screening to save time and money.
Landlords may accept multiple applications
Just as renters apply for multiple places, landlords often review multiple applications before selecting a renter. While they must comply with fair housing laws, they ultimately choose the most qualified applicant based on credit history, income, and rental references. This is another reason why applying for multiple apartments can be beneficial and increase your chances.
Can you sign more than one lease?
While renting two or more apartments at once is not illegal, managing multiple leases can be financially and logistically challenging. If you are considering this, make sure you fully understand your financial obligations and any lease restrictions that might apply.
Tips for applying for multiple apartments
Applying for multiple apartments at once can be a smart move, but it requires strategy. Here are some tips to keep things organized and maximize your chances of securing the right apartment:
1. Only apply for apartments you’re serious about
It can be tempting to apply everywhere, but doing so can lead to wasted money on application fees and unnecessary stress. Focus on places that genuinely meet your needs and budget.
2. Use recent credit and background checks
If you’re applying for multiple apartments, check if landlords will accept a recent credit report. This could save you money and time by reducing duplicate fees.
3. Be ready to make quick decisions
Many landlords process applications quickly, and you may receive multiple approvals at once. Before applying, know which apartment is your top choice so you can commit without hesitation when the opportunity arises.
4. Stay organized
Keep track of where you’ve applied, when you submitted applications, and when you expect to hear back. A simple spreadsheet or notes on your phone can help you stay on top of your apartment search.
5. Communicate honestly
If you’ve applied for multiple places and receive an offer from one while waiting on another, it’s okay to ask for a short decision window. It pays off to be transparent and landlords will typically let you know how long they can hold the unit.
So, is it worth applying for multiple apartments at the same time? Absolutely! In popular cities with high demand, submitting multiple applications increases your chances of finding the right home. Just be mindful of application fees, credit checks, and staying organized. Just prepare in advance so you can navigate the process smoothly and secure an apartment that best fits your needs.
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Alexandra Both is a senior creative writer with RentCafe. She has more than six years of real estate writing experience as a senior editor with Commercial Property Executive and Multi-Housing News. She is a seasoned journalist, who has previously worked in print, online and broadcast media. Alexandra has a B.A. in Journalism and an M.A. in Community Development.
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