If you’re interested in renting an apartment, look no further.

Searching for apartments and submitting applications can be stressful, especially if you don’t know what to expect. In most cases, an apartment owner will want to see that you’re financially responsible so they can ensure they get their money.

Many people don’t know what kind of documents they can bring when meeting with owners, so they end up missing out on opportunities to get a good apartment. When using a pay stub, you can secure an apartment.

But do apartments check if pay stubs are real? Keep on reading to learn more about pay stubs and income-based apartments.

How Do Income-Based Apartments Work?

Most apartments function similarly in that the owners want to know how much potential tenants are earning before they approve them. However, income-based apartments focus more on how much a tenant is earning rather than their entire financial status.

For example, a traditional apartment may require a decent credit score and a high income. With an income-based apartment, you could get approved with a low credit score and a high income. They work based on the idea that if you’re earning enough money, you shouldn’t have a problem paying rent no matter what your credit score is.

When it comes to getting approved for an income-based apartment, you’ll need to provide legal proof of income. One of the best ways to do that is to provide the owner with pay stubs for the past year. These will show them exactly how much you’re earning, increasing the likelihood that you’re approved.

How to Find Apartments for Rent by Owner

When you’ve decided you’d like to move into an apartment, you’ll need to find one that will suit your needs. If you happen to make a lot of money but don’t have the best credit history, you should find an owner that accepts tenants based on their income. 

To do this, just go on Google and type something along the lines of, “income-based apartments for rent near me.” You’ll then see a list of apartments in your area, but ensure that they’re income-based before you invest too much time into them.

If you know a specific owner that you’d like to rent an apartment from but don’t remember what the address is, search for their name. If that person still has an apartment available, it should be one of the first results you see. From there, contact them and let them know you can provide them with any financial info they need.

What Are Pay Stubs?

While pay stubs are effective at showing how much you earn, many people still don’t know what they are and how they work. A pay stub is a simple document that outlines your earnings for any given period. You’ll see how much you’ve earned in a pay period and from year-to-date. 

Apartment owners like when a potential tenant brings pay stubs with them because they’re easy to read, but they will check the legitimacy of them. However, this doesn’t mean you can’t make the pay stub yourself.

When applying for an apartment, they’ll want to see your pay stubs along with another document that shows your income, such as a bank statement. This lets them verify that the pay stubs are legit.

Pay stubs that come directly from the employer are easier to use because the apartment owner will have someone they can contact directly. If you’re making the pay stubs, you’ll need to manually put your employer’s information.

How to Make Pay Stubs

Before you start looking for¬†apartments for rent, you should make pay stubs so you can streamline the renting process. Making pay stubs doesn’t take long as you’ll only need to calculate 3 things: gross pay, deductions, and net pay. Using a paycheck stub generator, you can enter this information on a template and print it immediately.

Gross Pay

Calculating gross pay is simple as it’s the total amount you earn over a pay period. This amount may vary if you don’t work consistent hours, so ensure you’re calculating it with each paycheck. You don’t have to worry about taxes as this is the number before deductions are applied.

If you get paid every 2 weeks, your pay period will be 2 weeks long. If you earn $12 an hour and work for 40 hours per week, your gross pay will be $960. 


Social Security taxes, state taxes, and local taxes are some common deductions that most people have, though you may have fewer depending on where you live.

You can look at the IRS Employer’s Tax Guide to see how much you should be deducted from each check. On your pay stub, you’ll outline how much of your money went to each deduction. You can expect to have anywhere between 7% to 8% of your gross pay deducted from your check.

Net Pay

After you’ve applied deductions to your gross pay, you’ll get the net pay. This is considered “take-home pay,” as it’s usually what people see on their paychecks. Just need to subtract the deductions from your gross pay.

Start Looking for Apartments Today

After making pay stubs, you’re ready to start applying for apartments as you’ll have everything you need to prove your financial eligibility. We recommend you start making the pay stubs now so you can use them for recordkeeping. Aside from getting an apartment, they’ll be useful if you ever apply for a loan.

Any pay stub can be used legally providing that the information is correct. It doesn’t matter whether you get the pay stub directly from an employer or you make it. When an apartment checks your pay stub to see if it’s real, they just want to confirm that the information is legitimate. Browse our articles to learn more about a variety of topics!

By Admin

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