Frequently Asked Questions

Find answers to your questions about life at Prosper on Fayette—Baltimore’s premier student living community.

 

Learn everything you need to know about our luxurious apartments, modern amenities, and convenient location just steps from UMB and UMMC.

1. Apply: Apply online for everyone 18 or older who will live in the apartment. (Application fees are non-refundable.)

2. Screening: We’ll review your application using a third-party screening service. This process includes a review of your income, rental history, credit history, and criminal background, as well as verification of a government-issued photo ID and income documentation.

3. Result:

• Approved: Move forward with no deposit required.

• Approved with Conditions: You’ll need to provide a qualifying guarantor or enroll in our Guarantor Waiver Program.

• Denied: Unfortunately, we will be unable to approve the application.

4. Sign Lease: Once approved, review and sign your lease documents electronically.

5. Move In: Pay your first month’s rent and any required fees, pick up your keys, and move in!

Yes! We offer secure, reserved parking spaces in our attached garage—perfect for keeping your vehicle safe and accessible. Parking can be requested during the application process, and spaces are assigned on a first-come, first-served basis; therefore, we recommend applying early.

Individual Leasing, also known as “by the bedroom leasing,” means that you are only responsible for your bedroom, bathroom, and shared common areas. If another roommate decides to skip, sublet/lease-takeover, or damage the apartment in any way, then they are liable for the rent and damages in their individual space, unlike in joint leases.

While it’s not required, Prosper on Fayette highly recommends that students buy renters’ insurance to protect their personal belongings in case of unexpected events, such as theft, fire, or water damage. Many providers offer affordable student-specific policies for peace of mind.

A maximum of 14 days from when the apartment is available.

  • Internet
  • Valet Trash
  • Pest Control
  • Pet Rent (if applicable)
  • Water/Sewer (based on your individual usage)

Most approved applications qualify for our simplified move-in process, which eliminates large upfront deposits and makes moving easier and more affordable.

Applicants who do not fully meet our income requirements may still be approved, subject to conditions. In these cases, they must either:

• Provide a qualifying guarantor (for income purposes only), or

• Enroll in our Guarantor Waiver Program for a minimal monthly fee.

No. Guarantors are only permitted to assist with income qualification and cannot be used to address credit concerns.

You will be notified immediately by email or telephone within three (3) business days (Monday to Friday) after submitting the application and required processing fee.

Prosper on Fayette conveniently offers 12-month lease terms that align with the academic calendar, making it easy to secure housing for the entire school year, which is perfect for UMB and UMMC students.

Yes.

A maximum of two (2) pets are allowed per apartment, with a limit of one (1) pet per lease. Breed restrictions and weight limits apply. There will be a one-time, non-refundable pet fee (per pet) and a monthly pet rent (per pet).

At Prosper on Fayette, your monthly installment covers:

  • Water and Sewer (up to a utility cap)

  • High-speed Internet

  • Trash removal

  • Pest control

Rental criteria

Thank you for your interest in our community. Applications are evaluated using a consistent and fair process to determine eligibility based on the criteria below.

Application & Identification

Each person 18 or older must complete an application and provide a valid government-issued photo ID. Applicants under 18 must provide proof of legal emancipation. Where applicable, applicants must also be accepted or enrolled and in good standing with the college or university to qualify for residency.

Occupancy

The general standard is one person per bed unless stated otherwise.

Rental History

Applicants must have a positive rental record with on-time payments, no lease defaults or damages, and no evictions in the past five years.

Screening and Verification Process

Applications are processed through a third-party screening company to provide an objective evaluation of:

  • Credit History – payment records, debts, and housing judgments.
  • Criminal Background Check – based on nature, number, severity, and timing of offenses.
  • Income Verification – confirming documentation matches stated income.
  • Fraud Detection – identifying falsified documents such as pay stubs or bank statements.
  • Identity Verification – validating government-issued photo ID.

If denied or approved with conditions, applicants receive an adverse action notice with information to dispute results and contact the screening company or consumer reporting agencies. Applicants will be notified of their application status as soon as the screening process is complete, typically within three business days. RISE Residential and its affiliates are not responsible for inaccuracies from third-party reporting agencies.

Income Requirements, Guarantors, and Guarantor Waiver Program

Guarantors are required in student housing communities unless the applicant can self-qualify for credit.

Self-qualifying applicants must have verifiable gross monthly income of 3x the monthly rent to be fully approved.

Self-qualifying applicants with income below 3x the monthly rent may be approved with conditions, requiring either a qualifying guarantor or enrollment in the Guarantor Waiver Program.

Guarantors:

  • Allowed for income qualification only, not credit.
  • Must reside in the U.S., meet all screening criteria independently, and have verifiable gross monthly income of 4x the monthly rent.
  • Guarantors are jointly and severally responsible for the lease and must sign a Guaranty Addendum.

Guarantor Waiver Program:

  • Applicants who cannot provide a qualifying guarantor may enroll in the Guarantor Waiver Program.
  • The fee is $33 per month, non-refundable, and considered additional rent.
  • Enrollment fulfills the conditional approval requirement but does not reduce the resident’s financial responsibility for paying rent or returning the apartment in good condition.

Proof of Income:

Proof of income must reflect direct income to the applicant.

  • Paystubs: The most recent six consecutive weeks showing year-to-date earnings.
  • Employment Offer Letter: For employment starting within 30 days; must include company name/logo, business address, phone, salary, and company domain email. Employer must be verifiable via website and phone.
  • Self-Employment/Variable Income: Prior year tax return plus last three months of bank statements showing consistent deposits.
  • Other Sources (e.g., pensions, Social Security, child support): Official documentation plus three months of bank statements showing matching deposits.

If the applicant is unemployed and does not have a verifiable monthly income, bank statements must show a balance equivalent to 3x the rental obligation for the entire lease term.

If income cannot be verified or employer cannot be independently confirmed, the application is incomplete and may be denied. Providing falsified or altered documents will result in automatic denial or lease termination.

Unit/Roommate Assignment

Roommate assignments and move-in dates are based on availability after current residents renew and when the Lease Contract is fully executed (all fees paid, applications approved, and lease signed). Management may lease vacant bedrooms in your assigned apartment without your consent, and roommate compatibility cannot be guaranteed.

Non-U.S. Citizens

Applicants must provide valid USCIS documentation, such as I-551, I-766, or I-94, plus a Passport or Visa. Foreign students with an F1 Visa must provide an I-20 and verify current enrollment in a U.S. school.

Pets

A maximum of two pets per apartment, with a limit of one pet per lease, subject to breed/weight limits. A non-refundable one-time pet fee (per pet) and a monthly pet rent (per pet) apply. Inquire for details.

Administrative Fee

The administrative fee is refundable only if the application is denied or canceled within 72 hours of approval notice. Application fees are non-refundable.

Acknowledgment

By applying, you confirm that all information is true and accurate. Misrepresentation is grounds for denial or lease cancellation. I acknowledge submitting this application and paying applicable fees to hold the requested apartment home until the complete verification process and final approval are received.

If my application is denied, I acknowledge that I can request an appeal, correct incorrect information received from a third party, or present information regarding mitigating circumstances for consideration. Applicants with disabilities may request reasonable accommodations or modifications under the Fair Housing Act, including from this selection or rental criteria.

Effective 09/22/2025