What Is a Guarantor? You May Need to Help Your Kids Rent As One

A guarantor pays the rent when the tenant on the lease cannot. With rental prices rising, you may need to find one for yourself, or become one for someone else.

A woman looks at a rental listing on her phone.
(Image credit: Getty Images)

Attention, apartment hunters: With rent prices on the rise, you may need a rent guarantor to help you qualify for a lease. And if your family member is looking for a new rental, they may need you to be the guarantor.

Here’s a breakdown of what a rent guarantor is, who can benefit from one, who can serve as a rent guarantor, and some alternatives to rent guarantors.

Subscribe to Kiplinger’s Personal Finance

Be a smarter, better informed investor.

Save up to 74%

Sign up for Kiplinger’s Free E-Newsletters

Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.

Profit and prosper with the best of expert advice - straight to your e-mail.

Sign up

To continue reading this article
please register for free

This is different from signing in to your print subscription

Why am I seeing this? Find out more here

Daniel Bortz
Contributing Writer, Kiplinger's Personal Finance

Daniel Bortz is a freelance writer based in Arlington, Va. His work has been published by The New York Times, The Washington Post, Consumer Reports, Newsweek, and Money magazine, among others.