Do to the increasing popularity of the internet and social media, there are new and cost effective ways to advertize your rental. You can always go to sites like forrentbyowner.com, craigslist.com or postlets.com.
Another alternative is to put it up on Facebook and see if any of your friends know someone who will be interested. You can also try Tweeting it and see if you can get any response that way. Finally, there is always the good old sign in the yard or window, notice at the clubhouse, workout area or laundry. Try as many venues as possible in order to generate the most interest in your property.
If you want to use these venues, it always helps to have some flattering pictures of the property and the neighborhood amenities that surround it. Be sure to be attwentive to your e-mail or phone so that potential tenants can easily reach you.
One interesting strategy is to schedule showings of the property in 15 minute increments – thus showing others that you have some demand for the property. You should have plenty of applications on hand and charge an application fee to process them. You maybe able to get your bank or lender to help you with the FICO score and always be sure to check past rental references as well as employers to be sure you have qualified tenants.