Couldn’t pay your rent this month? You might worry about eviction, but one missed or late payment doesn’t mean your landlord will kick you out.
However, you may eventually face eviction if you start missing payments regularly. Getting ahead of the problem right from the start is important.
If you’re struggling to pay your rent, you have several options to get help. These include assistance programs, loans from friends or family members, community help, emergency savings, and downsizing or subletting.
Look for assistance programs
Assistance programs can help you with living expenses in times of crisis. You can find these programs through the government or local charities. Check out our list further down for available rental assistance programs.
Work with your landlord
Eviction is expensive for a landlord, so working with you is in their best interest. Ask if they will sign a repayment agreement to help you catch up on missed payments without risking eviction.
Ask loved ones for help
If your inability to pay rent is temporary or you don’t qualify for assistance, ask a friend or family member if they would be willing to help. But be careful when borrowing money from a loved one. If you aren’t able to repay the loan, it might be better to look elsewhere to avoid damaging a significant relationship.
Look online for assistance
Online community groups can help get you through your financial crisis. They could help pay your rent temporarily through peer-to-peer payments or help with other expenses to free up cash for rent. Local Buy Nothing Groups on Facebook will often gift food, diapers, and other essentials so you can spend your savings on your housing expenses.
Use your savings
If you have an emergency savings fund, now’s the time to dip into it. An emergency fund is meant to be used when you need it, which includes keeping a roof over your head.
Downsize
Ask your landlord if you can move into a smaller (and cheaper) place. If they decline, ask if you can temporarily sublet your apartment while you move back in with your parents or a friend. Taking these steps could help you keep your apartment and maintain your lease agreement without risking eviction.
