Best Lease Guarantor Companies in 2025 for Landlords & Renters

Few things keep landlords up at night like vacancy, nonpayment, and the uncertainty of whether rent will come in on time. It’s not just about the unknown; it’s about protecting long-term cash flow and property value. That’s why the best lease guarantor companies are gaining attention from investors and property managers across the country.

If a tenant falls behind on rent—or stops paying altogether—these companies step in to cover what’s owed. For landlords, that means fewer sleepless nights and less worry about covering the mortgage when things go sideways. It’s a simple way to take some of the unpredictability out of owning rental property.

For tenants, especially those without strong credit or a co-signer, lease guarantor companies open doors that might otherwise be closed. With a guarantor backing them, renters can qualify for homes they wouldn’t be approved for on their own.

Use the list below to jump straight to the section you want to learn about first:

• What Is a Lease Guarantor Company?
• Who Should Use a Lease Guarantor Service?
• Pros and Cons of Lease Guarantor Services
• What to Look for in the Best Lease Guarantor Companies
• Top 7 Best Lease Guarantor Companies in 2025
• Lease Guarantor Pricing and Coverage Comparison
• Frequently Asked Questions About Lease Guarantor Companies

Ready to Take the Next Step in Real Estate Investing? Join our FREE live webinar and discover the proven strategies to build lasting wealth through real estate.

Whether you're just getting started or ready to scale, we'll show you how to take action today. Don't miss this opportunity to learn the insider tips and tools that have helped thousands of investors succeed! Seats are limited—Reserve Your Spot Now!

What Is a Lease Guarantor Company?

A lease guarantor company is a business that guarantees rent will be paid to a landlord if the tenant stops paying. Think of it like a professional co-signer, but instead of a parent or relative backing the lease, the guarantor is a licensed third-party company with financial backing and a formal claims process.

Here’s how lease guarantor companies work: A renter applies for coverage through one of these providers, often during or just after the rental application process. Once approved, the company issues a policy that guarantees rent payment to the landlord. If the tenant defaults, the company steps in, pays the rent, and often continues coverage until the lease ends or the unit is re-rented.

This kind of coverage is commonly referred to as lease guarantee insurance, and it protects landlords against income disruption. Most policies also help the landlord recover lost rent during the eviction process, especially if local laws cause delays.

In some cases, the landlord purchases rent default insurance directly, especially in multifamily or portfolio settings. But more often, the tenant pays for the policy, either as a lease requirement or to strengthen their rental application when credit or income history is weak.

With demand growing across the country, rental guarantor companies are quickly becoming a trusted tool for investors and property managers who want more predictability in their rental income.

Read Also: How To Buy Your First Rental Property

Who Should Use a Lease Guarantor Service?

If you are wondering who needs a lease guarantor, the answer is simple: anyone who doesn't meet a landlord’s standard screening criteria. That includes students with no credit history, international renters new to the country, freelancers or gig workers with fluctuating income, and even high-income earners with poor or thin credit files.

Among these groups, the best lease guarantor for students is often the only path to getting approved for off-campus housing or a first apartment. Without a co-signer or long credit history, students rely on these services to demonstrate financial responsibility to landlords.

For renters with nontraditional employment or inconsistent income streams, tenant rent guarantee options allow them to bypass rigid approval standards and move into quality rentals. In many cases, it is the difference between getting denied and securing a lease.

Landlords also benefit by opening the door to a broader pool of qualified applicants. A strong lease guarantor gives landlords more confidence in the tenant’s ability to pay, without lowering standards for rental application approval.

When all is said and done, lease guarantor services are ideal for renters who may not meet traditional approval standards but are otherwise financially capable. Below is a quick reference showing who typically benefits from using these services and who may not need them.

Want to Build a Portfolio That Uses Tools Like Lease Guarantors?

Growing a rental portfolio takes more than just buying properties; it takes strategy. That’s where lease guarantor services can really come into play. For landlords juggling multiple units, having a backup plan for rent collection isn’t just helpful—it can be the edge that keeps cash flow steady and stress levels down.

Our Ultimate Investor Program teaches you how to find cash-flowing deals, secure financing, analyze properties, and much more. Whether you're starting with one unit or scaling to ten, we help you build the skills, mindset, and systems you need to succeed.

Learn more about the Ultimate Investor Program here and see how we help new and experienced investors create lasting rental income.

*For in-depth training on real estate investing, Real Estate Skills offers extensive courses to get you ready to make your first investment! Attend our FREE Webinar Training and gain insider knowledge, expert strategies, and essential skills to make the most of every real estate opportunity that comes your way!

Pros and Cons of Lease Guarantor Services

Before choosing a guarantor service, it’s important to weigh the pros and cons of lease guarantor programs from both the landlord's and renter's perspective. While they offer valuable protections, they aren’t the right fit for every lease or applicant.

Pros

• Lower landlord risk: Rent is guaranteed even if the tenant defaults, offering reliable landlord rent protection.
• Broader access to housing: Helps qualified renters get approved without traditional credit or co-signers.
• Security deposit alternative: Many providers offer deposit coverage in place of cash deposits, making move-in more affordable.
• Stronger lease compliance: Tenants backed by a guarantor are often more consistent with payments and lease terms.

Cons  

• Added cost: Premiums aren’t cheap, especially if the renter has a spotty credit history or other red flags.
• Strict eligibility requirements: Some applicants get turned away altogether, depending on how strict the underwriting process is.
• Policy limitations: Each provider has its own rules about how much they’ll cover, how long they’ll pay, and what’s excluded, so it’s important to read the fine print.

Lease guarantor companies offer a useful tool for reducing rental risk and expanding housing access, but they’re not one-size-fits-all. Landlords and renters should evaluate the value of coverage against the costs and restrictions.

What to Look for in the Best Lease Guarantor Companies

With more options than ever, knowing how to choose the best lease guarantor companies can save you from frustrating claims, hidden fees, and denied applications. Not all services are created equal, and even small policy differences can have a big impact.

Look closely at the terms of each lease guarantee insurance policy. What is the maximum rent coverage? How long does it last? Are legal fees or damages included? Solid providers should also publish a clear process for how claims are handled and when benefits begin.

Always check rent guarantee pricing before signing. It's common to be charged a standard, flat fee, but others may base pricing on the tenant’s risk profile. Make sure the costs align with the lease value and don't cut into your expected returns.  

• Coverage limits (rent, legal fees, damage)
• State availability and licensing
• Company reputation and real user reviews
• Transparent pricing structure
• Clear policy exclusions and fine print

Taking the time to compare policies is a smart step in any real estate risk management strategy, especially if you're scaling a rental portfolio or managing multiple tenants.

Top 7 Best Lease Guarantor Companies in 2025

With more rent guarantee providers entering the market, landlords and renters have more choices than ever. But not all services offer the same level of coverage, pricing transparency, or customer support. Choosing from the best lease guarantor companies can make a major difference in how protected you feel when rent is on the line.

Below, we’ve broken down the top options based on who they’re best for, where they operate, how they price their policies, and what types of coverage they offer. Whether you're looking for the most comprehensive rent guarantee services or just want to cover the basics, this list will help you find a solution that fits your needs.

Click below to jump to any provider you are interested in:

• Insurent
• Leap
• Nomad Lease
• Rhino
• Steady Rent
• TheGuarantors
• World Insurance

Insurent

Insurent is one of the most established rental guarantor companies in the U.S., offering lease guarantee policies to renters who may not meet a landlord’s standard approval criteria. Backed by Argonaut Insurance Company, Insurent covers rent in the event of tenant default and is accepted at over 775,000 rental units nationwide.

What sets Insurent apart is its widespread landlord acceptance in highly competitive rental markets like New York City, Boston, Chicago, and Miami. It’s an excellent option for international renters, recent graduates, retirees with strong assets, or self-employed applicants who may not fit the usual income box.

Pricing depends on the renter’s profile. Most U.S. citizens pay between 70% and 90% of one month’s rent for coverage, while non-citizens may pay up to 110%. For more details on cost structure, view Insurent’s pricing breakdown here.

You can also visit Insurent to learn more about its application process, eligibility requirements, and how it partners with landlords.

Leap

Leap takes a modern approach to rent guarantees, offering both missed rent coverage and an alternative to traditional security deposits. It’s designed to make life easier for both tenants and landlords—helping renters get approved faster, while giving landlords some financial peace of mind.

One thing that really sets Leap apart is how easy it is to use. The application process is quick, with same-day approvals in many cases. And since Leap operates in all 50 states, it’s a practical option whether you're managing rentals in big cities or smaller towns where other services might not be available.

Leap’s pricing typically ranges from 55% to 90% of one month’s rent, based on the tenant’s financial profile and lease details. They also offer security deposit coverage starting as low as $5 per month. For a full breakdown of how Leap structures its pricing, you can view their rent and deposit coverage page.

To learn more about Leap’s offerings or start an application, visit Leap’s official website.

Nomad Lease

Managing rental properties can be a full-time job—unless you’ve got something like Nomad Lease in your corner. Instead of juggling separate tools for listings, tenant screening, rent collection, and income protection, Nomad rolls everything into one streamlined platform. You handle the big-picture decisions, and Nomad takes care of the rest—even if your tenant stops paying.

What makes Nomad different from traditional rent guarantee services isn’t just the financial coverage—it’s the way they wrap it into a full leasing solution. They can coordinate showings, help with leasing, and even step in when legal issues arise. It’s built for investors who want results without being tied to the day-to-day.

As for coverage, they offer up to three months of unpaid rent and up to $5,000 to cover legal or eviction-related costs. Pricing is flexible: 4% of monthly rent if you pay annually, or 6% monthly, with a $75 minimum. Everything is laid out clearly on their pricing page—no buried fees or fine print.

If you’re managing from out of state, scaling a portfolio, or just tired of chasing rent, Nomad might be exactly what you need to simplify things without sacrificing protection.

Rhino

Rhino is best known for disrupting the rental market with affordable security deposit alternatives, but it also offers rent guarantee products that appeal to landlords and renters alike. Rhino’s platform is designed for scale, serving large multifamily owners, institutional landlords, and property managers in all 50 states.

Rhino stands out because of its tenant-first model. It replaces traditional cash deposits with a low-cost monthly premium and provides coverage to landlords for unpaid rent and property damage. For renters, this lowers move-in costs. For landlords, it delivers better lease compliance and reduced risk—all while remaining compliant with local regulations in multiple jurisdictions.

Pricing for rent default insurance and deposit alternatives is determined by property type, location, and applicant profile. Monthly premiums are generally more affordable than a full month’s rent. To see an estimate for your property, check out Rhino’s pricing and partner page.

For a deeper look at Rhino’s nationwide services, visit the official Rhino website.

Steady Rent

Steady Rent takes a different approach than most rent guarantee providers, combining rental income protection with an upfront rent payout program. The company offers two services: Rent Advance, which pays landlords 6–12 months of rent upfront, and the Owner Benefit Package, which includes limited rent default coverage and eviction-related reimbursement.

Steady is ideal for landlords working with property managers, since its services are available only through approved partners. This makes it a better option for investors with multiple properties who prefer to stay hands-off while still ensuring steady income.

The Owner Benefit Package covers up to two months of missed rent and includes up to $1,000 in legal or re-tenanting costs. 

To explore whether Steady is available through your property management company, visit the Steady Rent homepage.

TheGuarantors

TheGuarantors is one of the most well-known names among the best lease guarantor companies, with over $2 billion in policies issued since its launch in 2015. The company offers both rent default protection and security deposit alternatives, making it a popular choice for landlords, developers, and large property management groups nationwide.

Its broad availability—currently active in over 40 states—combined with strong financial backing and a sleek user interface, has helped TheGuarantors become a go-to provider for professionally managed buildings. It’s especially attractive to owners who want to reduce default risk without scaring off quality renters with large upfront deposits.

Pricing ranges from 40% to 130% of one month’s rent, depending on the renter’s risk profile. Policies are typically paid upfront for the full lease term. For more details, visit TheGuarantors' pricing overview.

Visit TheGuarantors' homepage to learn everything you need and make an informed decision.

World Insurance

World Insurance doesn’t offer its own rent guarantee program—instead, they act as an independent broker, connecting landlords with policies from a variety of carriers. That setup gives property owners a chance to compare options and customize coverage, whether they’re managing a single rental or overseeing a large multifamily portfolio.

What sets World Insurance apart is flexibility. Instead of a one-size-fits-all approach, the company can connect landlords with the right product based on location, risk tolerance, and tenant profile. It’s a great fit for owners who want more control over policy structure and pricing than most pre-bundled platforms allow.

Costs vary widely depending on the insurer and coverage terms, but World Insurance brokers can quote custom rent default protection, typically covering 3–6 months of lost rent. To explore available options, visit their rent guarantee insurance product page.

For full brokerage services and contact info, visit the World Insurance homepage.

Lease Guarantor Pricing and Coverage Comparison

When choosing the right provider, it’s important to consider more than just the monthly fee. This quick lease guarantor cost comparison breaks down how the top companies stack up in terms of pricing, coverage terms, and who benefits most from each service.

This side-by-side shows how much rent default insurance can vary in cost, scope, and structure. Whether you're looking for comprehensive rent guarantee pricing or low-cost options tied to a security deposit alternative, it pays to compare.

Frequently Asked Questions About Lease Guarantor Companies

This lease guarantor FAQ section addresses the most common concerns landlords and renters have when considering rent protection services. If you’re new to the idea of lease guarantors, start here.

Who pays for rent guarantee services?

In most cases, the renter pays for the policy as part of the lease approval process. However, some landlords or property managers may choose to cover the cost to attract more applicants or reduce risk. This is one of the most common rent guarantee questions asked by both parties.

How much does rent default insurance cost?

Costs vary by provider, but lease guarantee insurance usually ranges from 4% to 130% of one month’s rent, depending on the applicant’s profile, lease term, and type of coverage. Some providers charge a flat rate, while others calculate premiums based on risk.

What’s the difference between a lease guarantor and co-signer?

A co-signer is usually a friend or family member who takes legal responsibility for unpaid rent. A lease guarantor company is a professional, licensed entity that underwrites the risk as a business. If you're comparing options, this is the key difference in the co-signer vs lease guarantor decision.

Are lease guarantor companies legit?

Yes, most are licensed insurance or financial service providers. Reputable companies are backed by established insurers, operate across multiple states, and are accepted by major landlords. Always review their terms and check user reviews before signing.

Do all landlords accept rent guarantee insurance?

No, not all landlords accept rent default insurance. Larger property managers are more likely to work with guarantor companies, while individual landlords may be unfamiliar or cautious. It’s always best to ask the landlord before applying.

Final Thoughts on the Best Lease Guarantor Companies

The best lease guarantor companies do more than just back up rent payments. They help renters gain access to housing they wouldn’t otherwise qualify for and give landlords the confidence to approve more applicants without increasing their risk.

Whether you’re a property owner looking for added protection or a tenant searching for approval with no co-signer, rent guarantee services are becoming a powerful tool in the modern rental market. Just be sure to compare coverage terms, pricing, and availability to find the solution that fits your needs.

From nationwide platforms like TheGuarantors and Leap to specialized brokers like Rent Rescue and World Insurance, today’s options make it easier than ever to protect your rental income and simplify lease approvals.

Ready to Take the Next Step in Real Estate Investing? Join our FREE live webinar and discover the proven strategies to build lasting wealth through real estate.

Whether you're just getting started or ready to scale, we'll show you how to take action today. Don't miss this opportunity to learn the insider tips and tools that have helped thousands of investors succeed! Seats are limited—Reserve Your Spot Now!

*Disclosure: Real Estate Skills is not a law firm, and the information contained here does not constitute legal advice. You should consult with an attorney before making any legal conclusions. The information presented here is educational in nature. All investments involve risks, and the past performance of an investment, industry, sector, and/or market does not guarantee future returns or results. Investors are responsible for any investment decision they make. Such decisions should be based on an evaluation of their financial situation, investment objectives, risk tolerance, and liquidity needs.