How do you plan owning your own apartment at 18 without a co-signer?

The only way around a cosigner is either to be able to pass the credit check on your own or offer a higher security deposit & hope the landlord will accept it. You need to be employed full time or show some proof of income that you can afford the rent & all the other bills. You would be wise to have 3-6 months of savings in reserves.

You will need first & last month’s rent up front, plus that security deposit. You will need a deposit to get utilities. You might need renters insurance. Once you sign that lease you commit to paying rent for a year regardless of what happens in your life. You’re not ready to go if you can't afford it. If you have not done it already, find out what rent will be in an area you want to live. You need that number to start the budget.

You need to find a landlord that will rent to an 18 year old.

You will need to turn on utilities - which may require a deposit. There is no "way around" needing a co-signer if that's what they require. You will need basic furniture. You will need cash to buy first time groceries. Basic groceries - like salt, pepper, flour, sugar, ketchup - all the things you are used to when you open the refrigerator can be costly. You will also need to buy cleaning stuff - like paper towels, dish soap. a mop, a broom - maybe a vacuum. You will need sheets, blankets, pillows, towels. Likely in an apartment - you will need quarters to do laundry. So you will need laundry soap on a regular basis as well.

So unless you have several thousand dollars saved up for the initial startup costs of your own place - it won't happen.In order to put your plan into action you must have a current job. You would need to have a savings of some sort to pay the first month’s rent as well as a deposit, normally equal to the monthly rent. You would also need to have funds to have the utilities turned on in your name if they are not included in your rent.

Basically you would need to prepare a budget that would include the monthly rent, utilities, savings, transportation, entertainment, insurance (rent, health and auto) food, clothing and other things unique to you that you like.

Once you have prepared this budget, you have to determine if your current income is sufficient enough to cover these expenses included your budget. If you are not earning a sufficient enough to cover your budget, plan to move out, but plan to move to a shelter. This would also apply if you do not have sufficient savings in a bank currently your will not be moving as your plan.

You are already behind the eight ball and would not be successful in moving at this time, is the fact that you would need a co-signer in order to get an apartment. You would be relying on someone else because you have insufficient income or credit to support you being approved for an apartment.

You would be depending on someone else to prop you up so you are able to move. Perhaps it might be that you would obtain the proper credit, and income to support yourself before moving and causing someone else credit to be jeopardized and have a negative when you are unable to pay the monthly rent for some reason.

Many landlords will not rent to young 1st time renters at all. It is common for those that will to require a cosigner. NO there is no way around that. If a landlord requires a cosigner & you do not have one then you will not be renting from that landlord. Some landlords will take a larger deposit instead but that is all up to each individual landlord.

In order to build your credit you need to HAVE credit. Get a credit card or store card & use it smartly.

Or you can join the military that is the only way you will be able to get housing without one of your parents as a co-signer. 

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