needs Kasheesh
As rent prices continue to rise across the country, millions of renters are feeling the financial squeeze. Whether you’re dealing with unpredictable income, trying to save for a big purchase, or simply looking to spread out payments for better cash flow management, paying rent in a single lump sum can be challenging.
Luckily, several apps have emerged to help ease this burden, offering creative solutions to make rent payments more manageable and flexible.
These apps go beyond just handling monthly rent—some allow you to split payments across multiple credit or debit cards, while others give you the option to earn rewards, set up more flexible payment schedules (pay in installments), or build credit while paying rent. Let’s dive into it!
Apps that help pay rent [2024 Full Guide]
We’ve listed 10 apps designed to help renters maintain financial stability without the stress of juggling due dates or overdrafting accounts. If you’ve ever found yourself scrambling to gather enough funds for rent by the first of the month or if you’re simply looking for smarter ways to manage your finances, these apps can provide relief.
1. Kasheesh App: Split Rent Across Multiple Cards
Kasheesh presents an innovative solution for renters wanting to divide their payments across credit, debit, or prepaid cards (such as VISA or Mastercard gift cards). With Kasheesh, you can divide your rent across up to five cards, maximizing flexibility, especially when using up leftover prepaid gift card balances.
Splitting rent between credit cards can be useful for managing cash flow, helping avoid late fees. However, be aware that credit card interest may apply, so it's advisable to pay off balances promptly.
Kasheesh benefits those looking to leverage various payment methods or maximize credit card rewards.
Pay Rent with Kasheesh: Pros and Cons
Pros:
• ✅ Spread rent across up to five different cards.
• ✅ No credit check or minimum score needed.
• ✅ Supports debit, credit, and prepaid cards.
• ✅ No landlord involvement required.
• ✅ Use for other purchases and bills as well.
• ✅ Maximize credit card rewards.
• ✅ No extra interest charges (unless your credit card accrues interest).
Cons:
• ❌ Only works where landlords accept card payments.
2. Flex Rent App: Pay Rent in Installments
Flex Rent offers a way for tenants to pay rent in smaller, manageable installments while ensuring that landlords receive the full rent payment at the beginning of the month. Flex Rent automatically pays your landlord on the first, and you pay back Flex over the course of the month in scheduled installments.
One key feature is that Flex works like a loan, so tenants must pass a credit check. While this helps with budgeting, some users may find that Flex Rent’s credit requirements and the need for landlord participation make it less accessible.
Pay Rent with Flex Rent: Pros and Cons
Pros:
• ✅ Pays rent in full on the first of the month.
• ✅ Tenants repay in installments throughout the month.
• ✅ Helps with cash flow management.
Cons:
• ❌ Requires landlord participation.
• ❌ Credit check required, with a minimum score between 500-580.
• ❌ May be denied based on bank balance or other factors.
• ❌ Monthly membership fee of $14.99
• ❌ 1-3.5% bill payment fee
3. Zenbase App: Split Rent in Two
Zenbase is an app that helps you split your rent into two payments divided over the month, helping to ease the burden of paying rent all at once. Instead of scrambling to have the full amount by the first of the month, Zenbase pays your landlord on time, while you repay Zenbase in two smaller, scheduled installments.
The app aims to alleviate financial stress by giving tenants more control over their cash flow, but it does require landlord participation and a fee for using the service.
Pay Rent with Zenbase: Pros and Cons
Pros:
• ✅ Allows you to split rent in two payments.
• ✅ Helps you build credit while paying rent.
• ✅ Helps with budgeting and cash flow management.
Cons:
• ❌ Requires landlord participation.
• ❌ Limited availability based on your region and landlord.
• ❌ Monthly fee of $9.90 +0.75% of your total rent cost (for example +$15 if your rent is $2,000).
• ❌ Only lets you split split rent in two payments.
4. Rent App: Pay Rent and Build Credit
Rent App’s Split Pay feature enables tenants to pay half their rent on the due date and the remainder two weeks later. The app also helps build credit by reporting payments to credit bureaus.
Before using Split Pay, you’ll undergo an eligibility review, with results provided in one business day.
Pay Rent with Rent App: Pros and Cons
Pros:
• ✅ Allows paying rent in two parts.
• ✅ Builds credit while paying rent.
• ✅ No late fees.
Cons:
• ❌ $20 monthly fee to use Split Pay.
• ❌ Only splits rent into two payments.
• ❌ Requires landlord involvement.
5. Jetty Rent App: Deferred Rent Payments
Jetty Rent allows tenants to pay their rent on the first of the month, then settle their balance over one or more installments, extending repayment time up to the 24th of the month. The service charges a monthly fee and requires landlord participation.
Jetty Rent requires approval a month in advance, so you won’t be able to start using it immediately.
Pay Rent with Jetty Rent: Pros and Cons
Pros:
• ✅ Build credit with rent payments.
• ✅ Up to 24 days to pay rent.
• ✅ Flexible repayment plans.
Cons:
• ❌ Landlord involvement required.
• ❌ Requires credit check and takes days for approval.
• ❌ Service only starts the following month.
• ❌ Monthly fees of $15-$25, based on various factors.
6. Best Egg (Formerly Till) App
Best Egg partners with landlords to create adaptable payment schedules for tenants. It provides reminders and check-ins to ensure timely payments, helping tenants stay organized.
Unfortunately, Best Egg’s services are only available in specific participating buildings, limiting availability.
Pay Rent with Best Egg: Pros and Cons
Pros:
• ✅ Helps build credit while paying rent.
• ✅ Personalized repayment plans available.
• ✅ No late fees (but interest accrues).
Cons:
• ❌ Requires landlord cooperation.
• ❌ Credit check required.
• ❌ Recommended credit score of 640 or higher.
• ❌ Enrollment fee up to $20, plus a monthly fee up to $25.
• ❌ Returned payment fees up to $39.
• ❌ Interest charges with an APR as high as 29.99%.
7. Bilt Rewards App: Earn Points by Paying Rent
Bilt Rewards is a unique app and credit card that allows renters to earn points on rent payments without paying transaction fees, provided your landlord accepts credit cards. Points earned through Bilt can be redeemed for various rewards, including travel, fitness memberships, and even future rent payments.
Another standout feature is that Bilt reports rent payments to major credit bureaus, which can help you build credit over time (as long as you pay rent on time).
Pay Rent with Bilt Rewards: Pros and Cons
Pros:
• ✅ Earn points on rent payments, no fees for paying rent via credit card.
• ✅ Points can be used for travel, rent, and more.
• ✅ Helps build credit by reporting rent payments.
• ✅ Option to use the Bilt Mastercard for additional rewards.
Cons:
• ❌ Requires landlord to accept credit card payments.
• ❌ Points redemption options may vary.
• ❌ Approval for Bilt Mastercard depends on your creditworthiness.
8. Deferit App: Split Payments into 4
Deferit helps users break down large bills into four manageable installments. This option makes paying rent or utilities less overwhelming by dividing payments, while remaining interest-free.
However, most users start with a balance between $200 and $400, which may not be sufficient to cover full rent. Additionally, Deferit caps payments at $2,000, making it unsuitable for renters with higher bills.
Pay Rent with Deferit: Pros and Cons
Pros:
• ✅ Allows splitting rent into 4 payments.
• ✅ No interest fees or late charges.
Cons:
• ❌ Initial balance is often $200-$400.
• ❌ $2,000 limit for bill payments.
• ❌ $14.99 monthly subscription fee, plus $0.99 transaction costs.
• ❌ Users report fees charged before knowing if they'll be approved.
9. Livble App: Rent in 4 Installments
Livble enables renters to split rent into four equal payments, offering flexibility for those with roommates and giving renters the ability to break down the large rent payment into smaller portions.
Pay Rent with Livble: Pros and Cons
Pros:
• ✅ Split rent into 4 payments.
Cons:
• ❌ Lacks clear information on fees and credit checks.
• ❌ Another website mentions a flat $30 fee per transaction.
• ❌ Lower customer satisfaction, rated 3.5 stars on the App Store.
• ❌ Requires landlord participation.
10. Splitit App
Splitit works by letting you turn rent into installments using your existing credit card, without needing a new loan or application. It doesn’t allow mixing payment methods and only works with credit cards, limiting some flexibility.
Pay Rent with Splitit: Pros and Cons
Pros:
• ✅ No application necessary.
• ✅ Use existing credit cards.
• ✅ No extra interest fees (however, your credit cards may charge interest on unpaid balances).
Cons:
• ❌ Requires enough credit to cover the entire rent on a single credit card.
• ❌ Only works where landlords accept card payments.
• ❌ Doesn’t let you divide it across multiple payment methods.
Struggling with rent payments? Also consider:
• How to pay rent with a credit card
• 7 Apps Like Flex Rent: Split Your Rent Payments
• What to do if you can’t pay rent on time
• Can't pay your taxes? Here's what to do
Final Thoughts
Whether you're looking to split your rent across multiple cards, earn rewards for paying rent, or simply spread out your payments over time, these apps can help ease the financial burden of paying rent. By leveraging these innovative solutions, you can stay on top of your rent payments without sacrificing your financial stability.
The content on this blog is for general information purposes only, and is not intended to be personal financial advice. It does not take your individual circumstances and financial situation into account, and any reliance you place on the information is at your own risk.
