Renter beware: Application fees can now cost hundreds of dollars

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Renter beware: Application fees can now cost hundreds of dollars
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Apartment application fees used to cost $50, if that. But now some complexes are charging in the hundreds of dollars for a background check. MORE ⬇️

If you're apartment hunting these days, you'll likely pay apartment application fees. While those fees used to be $20 to $50, some renters are now being asked to pay hundreds of dollars without guaranteeing they will get the apartment. But they are bitter after losing nearly $400 in application fees at the complex they really wanted.

"Often, that's for a credit check or for some of the work they're doing in the back office to get that apartment ready," she said.

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