How long before you drop rent price when listing sitting?

[Jack B.]

I've had interested but unqualified people (credit, criminal, weirdos, etc.). I've only relisted the property for a week, had a tenant the first showing, they then backed out. 

No qualified prospects since then, about a week ago. I've now lowered the credit score requirement to match the neighborhood (from 700 to 650), allowed small dogs to catch a wider audience, and am debating lowering the price as well. But how long to wait before lowering the price?

I will say at least my listings now are clear enough about qualifications (posted at the top and bottom of listing) that I no longer get the 100 unqualified inquiries who missed the info.

The people who do contact me are usually qualified now, though I get less responses as a result of making it crystal clear what the requirements are.

[Russell Brazil]

I think your credit score requirement could possibly be more of an issue than your rent price. I dont know many 700 credit score renters. 620 is the minimum score you need to buy a house. Even at 650 you might be hard pressed to find renters. My credit score requirement is 600.