Rental Qualifications

How we evaluate every application

We’re excited that you’re interested in one of our Venture Residences communities. To help you decide, here are the criteria we use to qualify residents — applied consistently to every applicant.

At a glance

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2–2.5× rent

Verifiable gross monthly income

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500+ credit

No open or pending bankruptcy

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Photo ID + SSN

All applicants 18 and older

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Up to 2 pets

Pet deposit required per pet

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12-month lease

Standard term across portfolio

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Section 8 welcome

Phoenix & Tucson properties

Full criteria

Fair Housing Statement

Venture Residences is committed to compliance with the Fair Housing Act and all applicable federal, state, and local fair housing laws. Housing will be offered without regard to race, color, religion, sex, national origin, familial status, disability, or any other protected class recognized by law. All applicants are evaluated using the same rental criteria to ensure equal and consistent treatment.

Identification

All applicants 18 years of age or older must complete a rental application and provide valid government-issued photo identification at the time of application.

Applicants must also provide a valid Social Security Number or Individual Taxpayer Identification Number (ITIN) for identity verification and screening purposes. For applicants who are not U.S. citizens, additional documentation may be required, and you’ll have an opportunity to furnish information about an emergency contact in your home country.

Application & Administrative Fees

A non-refundable application fee is required for each applicant 18 years of age or older. This fee covers the cost of processing the application and conducting credit, rental, and background screenings through a third-party screening provider.

An administrative fee may also be required upon approval to cover lease preparation and processing costs. All required fees must be paid before an application is processed.

Occupancy Standards

Occupancy standards are established to comply with reasonable health and safety guidelines. Maximum occupancy limits are generally as follows:

Studio 2
1 Bedroom 3
2 Bedroom 5
3 Bedroom 7
4 Bedroom 9
Income Requirements

Applicants must demonstrate verifiable gross household income of at least 2x to 2.5x the monthly rent. Income must be stable and verifiable through acceptable documentation.

Valid proof of income may include: four recent pay stubs, employer verification, an employment offer letter, six months of bank statements, tax returns for self-employed applicants, Social Security or disability award letters, retirement income statements, or other verifiable income documentation. Additional documentation may be requested when necessary to verify income stability and qualification.

Section 8 & Voucher Programs

For applicants applying to communities within the jurisdictional boundaries of Phoenix and/or Tucson, Section 8 housing vouchers are accepted pursuant to local law. Applicants with Section 8 vouchers must demonstrate gross income of at least 2x the rental rate, less the value of the voucher.

Rental History

Applicants must provide verifiable rental history. Previous rental performance — including timely payment of rent, lease compliance, property care, and landlord references — may be considered during the evaluation process.

Applicants with multiple outstanding landlord debts or unpaid rental balances may be denied. Certain circumstances may be reviewed on a case-by-case basis at management’s discretion.

Credit History

Credit history is evaluated through a third-party screening agency. The screening provider reviews credit history, outstanding debt obligations, income verification, and rental history collectively to determine the applicant’s overall financial responsibility and rental risk.

Applicants with a credit score below 500 may be subject to denial. Any open or pending bankruptcy filing will result in denial. Applicants with a discharged bankruptcy may still qualify; however, an increased security deposit or additional conditions may be required.

Final approval decisions are based on the overall screening results provided by the screening agency.

Criminal History

Criminal background screening is conducted on all applicants in accordance with applicable housing laws and guidelines in Arizona. Screening considers the nature, severity, and recency of any criminal activity, as well as evidence of rehabilitation.

Applicants who are registered sex offenders or applicants with a history of violent criminal offenses will not be considered for residency. Other criminal history may be evaluated on a case-by-case basis consistent with fair housing guidance.

Approval Conditions

Meeting the minimum qualification criteria does not guarantee approval. Management reserves the right to require additional conditions for approval, which may include an increased security deposit equal to one and a half times (1.5x) the monthly rent, additional documentation, or other reasonable requirements permitted by law. All applications are reviewed individually using the same screening standards.

Automatic Denial

Applications will be automatically denied for any of the following reasons:

• An open or pending bankruptcy filing
• Being listed on any sex offender registry
• A history of violent criminal convictions
• Providing false or misleading information on the rental application
• Submitting altered, forged, or fraudulent documentation
• Failing to provide valid documentation required to verify identity, income, or rental history within the timeframe requested by management

Pets

A maximum of two (2) pets is allowed. Management reserves the right to restrict any breed at its discretion. Pet deposits are required for each approved pet and are held until lease termination, provided no pet-related damage is found in the unit or common areas.

Service and assistance animals are not considered pets and are not subject to pet fees, deposits, or breed restrictions in accordance with the Fair Housing Act.

Renters Insurance

Residents are required to maintain renters’ insurance with a minimum of $100,000 in personal liability coverage throughout the lease term. To satisfy this requirement, management provides a policy that will be added as an additional monthly charge.

Rental Rates & Lease Terms

Prices and specials are subject to change. Rates reflect the apartment’s availability at the time of the quote, the requested move-in date, and the lease term.

Only 12-month leases are offered. Any lease term shorter than 12 months requires management approval and may result in forfeiture of any advertised specials. Changes to lease terms may require a revised rental rate, which could result in a different monthly rent.

Fair Housing Commitment

Venture Residences offers housing without regard to race, color, religion, sex, national origin, familial status, disability, or any other protected class recognized by law. Every applicant is evaluated using the same criteria.