How to rent place. What are we doing wrong?

[Jeff Schleyer]

Earlier this summer, my wife and I bought an older city town home that we renovated lightly (updated bathroom and kitchen), within a reasonable budget. We ran into a 2 month setback with our first contractor and decided to rent it instead of living there because of delay +baby. Finally finished it and are trying to lease it for the past 1.5 month now (3.5 months from purchase), It's in a high rental, very popular neighborhood, 1 block from numerous restaurants, cafes and shops, train. A month in, we lowered the rent 5% and despite a lot of showings and positive feedback, we've only had 1 applicant so far, which was rejected due to credit history of late payments.

We posted on Cozy, Zillow, ETC. Any suggestions? I can answer any questions. We rent a place in Houston out and that was gone in 5 days so this is a little discouraging considering the 3 month set back of original contractor and new one having to finish things.