Trying to figure out how to sign a lease at a downtown Austin apartment? Wondering what to do or what to watch for, before you commit? Every building approaches leasing a little differently, which can make the process feel confusing, especially when you’re comparing high-rise communities across Rainey Street, the Market District and beyond.
This quick guide walks you through each step, application to signature, so you can move forward with clarity and confidence.
Step 1: What You’ll Need Before Applying
Before you apply, it’s important to gather everything you’ll need. Most downtown Austin apartment communities follow similar application processes. Being prepared can help you avoid delays or losing your preferred unit.
You’ll typically need:
- A completed rental application (submitted online or in person)
- Proof of income (such as recent pay stubs, an offer letter or bank statements)
- A government-issued ID or Social Security number
- A credit and background check
- An application fee (typically $20–$100, usually non-refundable)
To avoid common issues, gather all documents in advance, ask how long approvals usually take and confirm how long your chosen unit will be held after you’re approved. You should also verify whether the application fee is refundable.
Remember, submitting an application doesn’t lock you into a lease, it simply starts the process. If you’re approved but decide not to move forward, you can walk away, though you’ll forfeit the application fee.
Step 2: How to Submit a Strong Application
Once you’re ready to apply, your application will be reviewed by the leasing team based on a few key factors: your income-to-rent ratio (usually at least 2.5 to 3 times the rent), your credit score, rental history and background check.
Downtown Austin apartments almost always use individual, traditional leases, meaning that even if you plan to live with roommates, each person submits their own application and is individually responsible for their portion of the rent. You won’t be penalized if a roommate doesn’t qualify, and their situation won’t impact your lease.
To give yourself the best chance of being approved:
- Confirm whether co-signers or guarantors are accepted if you don’t meet all the requirements on your own
- If you’re self-employed or freelance, prepare to submit tax returns, bank statements or other proof of income
- Double-check that your documentation is complete and legible to avoid processing delays
Most applications are reviewed within 24–72 hours. Staying responsive during this window can help speed things up and ensure your unit is secured.
Read Next: How to Lease a Downtown Austin Apartment If You Don’t Qualify
Step 3: What to Know Before Signing Your Lease
After you’re approved, you’ll receive a lease agreement. This document usually ranges from 40 to 60 pages long. It’s essential that you review this document closely, especially the sections that affect your move-in timeline, rent amount and financial responsibilities.
Key Lease Terms to Review Before Signing:
- Important Dates – Think move-in, move-out, holidays, renewals, etc. Mark these on your calendar and take note of which dates apply to you.
- Important Fees – Your lease should specify fees that are included in your rental rate as well as additional fees that you may be expected to pay. Look out for any unexpected fees before you sign.
- Rent Amount and Due Date – You’ll want to be sure that the rental rate is what you are expecting, as well as when your rent is due each month. This way, you’ll avoid surprises and late fees.
- Renter’s Insurance – While renter’s insurance is always a good idea, some apartments require it. Communities may also offer their own policy for a small fee, which may be optional or required.
- Pet Policy – If you have a furry friend, be sure the pet policy is what you’re expecting. You’ll want to look out for pet deposit and/or pet rent fees, plus any limitations on breed or size.
- Lease Length – Leases for apartments can be anywhere from 6 months to 2 years, but make sure to ask before you sign! If you are interested in renewing your lease once your term is over, you typically have the option to do so. Be sure to look out for the date by which you have to renew to ensure you can stay in your current unit.
- Breaking Your Lease – Nobody wants to break their lease, but life happens. It’s best to know what would happen if this scenario were to occur. Familiarize yourself with the policy just-in-case.
If anything is unclear, ask the leasing team to explain. They handle these questions every day, and this is your opportunity to clarify anything before you commit.
Read Next: A Guide to Renter’s Insurance at Apartments in Austin, TX
Step 4: How to Sign and Secure Your Apartment Lease
Once you’ve worked through the steps of how to sign a lease and completed your agreement, you’ll just need to finalize a few details before moving in. These often include paying your security deposit, any admin or pet fees and finalizing paperwork with the leasing office. In most cases, you can do this online or by visiting the community in person.
Read Next: Fees at Paseo: Full Breakdown of Monthly and One-Time Costs
Your leasing team will also give you a move-in checklist that outlines what to expect, including:
- How to schedule your move-in time or reserve the elevator, if applicable
- What documentation you’ll need on move-in day
- Where and how to pick up your keys or access credentials
Make sure to set up any required utilities in your name (electricity, water, internet, etc.) before your move-in date, unless they’re bundled into your lease. You’ll find these details outlined in your lease or in the welcome packet from your leasing team.
Once these steps are complete, you’re ready to move in. Your new apartment is officially home.
Now you know how to sign a lease at a downtown Austin apartment, from application to move-in. What once felt unfamiliar is simply the next step toward finding a home that fits your lifestyle.
Contact our leasing team to walk you through the details, explore floor plans and see the amenities for yourself.
At Paseo, life on Rainey moves to your rhythm, every step of the way.
Read Next: How Do I Qualify to Rent an Apartment at Paseo?
James Idunate
James is a leasing professional at Paseo, born and raised in Austin. He’s passionate about building authentic relationships and helping create a community here at Paseo. When he’s not at work, you’ll find him on the golf course, out on the lake or finding new restaurants around Austin. James' go-to Daydreamer Café order is a mocha with oat milk and honey!
October 1, 2025