Rental Criteria For Residency

Apartments are not held, reserved or secured until a rental agreement or reservation deposit has been signed and payment has been made. We process applications very quickly and apartments rent fast.

Approval is based on credit score, background, and rental history.

Portland Properties Screening Criteria:

800 and above zero deposit
700–800 half months rent
600-699 one months rent
599 and below one months rent and qualified cosigner

If an applicant has no credit rating security deposit of one month’s rent


Milwaukie Properties Screening Criteria:

800 and above zero deposit
700-800 half months rent deposit
600-699 one months rent deposit
599 and below two months rent deposit or qualified co-signer
 
If an applicant has no credit rating security deposit of one month’s rent

Co-Signer requirement: 

*Monthly income must be verifiable and equal to 3 times stated rent.
*Must own their own home.
*No adverse rental history.
*Credit rating above 700.
*Must apply as financially responsible applicant and be approved and added to the lease as a co-signer.

Applicant income verification policy:

If the applicants source of income comes from employment outside the Portland Metro Area then iRentPDX will require one of the following forms of verifiable documentation including employers contact information.

  1. Job offer letter from the future employer on letterhead including dates of employment, location and pay rate.
  2. Work from home information from employer including dates.
  3. Transfer letter.

All Applicants must include documentation of verifiable income as well as photo ID, or they may be denied based on incompletion.