Types of Senior Apartments
There are three levels of senior apartments that differ in cost and amenities.
Affordable Senior Apartments
If you have limited income, you can look into low-income or subsidized housing options for financial assistance. These communities often participate in federal programs to offer more affordable rental options for seniors. They will likely offer fewer amenities than other options, but their pricing makes them a good choice.
As with anything related to housing, price varies depending on the location. These communities generally cost less than comparable non-senior apartments in the same areas.
Market-rate apartments generally go for the market rental price in a given area. Compared to affordable senior apartments, market-rate apartments offer competitive rent compared to traditional apartments for all ages. Amenities often include transportation, dining, pools, and cleaning and maintenance services.
Luxury apartments for seniors are the most expensive compared to other options. Amenities often include health and wellness centers, pools, spas, fine dining, group fitness classes, and game rooms. Price varies greatly depending on location, square footage, and amenities, but it typically starts around $5,300 per apartment unit.