Does savings count as income for renting?

Does savings count as income for renting?

Having a savings does not count as income. It's an asset not an income.

How much savings do you need to rent an apartment?

A popular rule of thumb says your income should be around 3 times your rent. So, if you're looking for a place that costs $1,000 per month, you may need to earn at least $3,000 per month. Many apartment complexes and landlords do follow this rule, so it makes sense to focus only on rentals you're likely to qualify for.Dec 10, 2018

Can I use my savings account as proof of income?

No. Bank statements are not proof of income. Bank statements are proof you have savings.

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