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Townhouses vs. Apartments: What's the Difference?

February 24, 2023
It’s time to put the age-old debate of townhouse vs apartment to bed - what’s the difference, and which is the better rental option for me? Find out here!

Are you looking for a new rental? If so, you may be trying to decide between renting a townhouse vs apartment – but do you know the difference between these two popular types of properties?

If you’re not familiar with the main differences, deciding on a place to live can be overwhelming. To help make that decision easier, we’ve put together this guide outlining all the key comparisons between apartments and townhouses—including their costs, features, pros and cons. By taking some time to familiarize yourself with these living arrangements, you can discover which one offers more of what is important to your rental journey.

What is a Townhouse?

A townhouse, or townhome apartment, is a single-family dwelling that shares a wall with another house and has at least two stories. Townhouses have been around for centuries, often found in towns and residential areas a bit outside of city centers.

People often overlook these units in favor of single-family homes or modern condos. However, we’re beginning to see a resurgence in the marketplace with a demand for convenient, low-maintenance housing.

Who is a Townhome Ideal for?

Renting a townhome can be a practical, affordable option for many renters. Whether you're looking for more amenities, downsizing, just starting out, or in between homes while on an extended work assignment. People who value their privacy and have an eye on their budget might want to rent a townhome instead of getting an apartment. In some locations, it's even possible to get more space in the same general price range.

Differences Between Townhouses and Apartments

There are some critical differences between townhouses and apartments that may impact your rental experience.

  • Landlords: Owners usually are the ones who rent out townhomes, while property management companies usually rent out apartments.
  • HOA fees: Apartments are rental units, while townhome communities rely on HOA fees to fix standard amenities.
  • Layouts: Townhouses also offer layouts similar to single-family homes.
  • Stories: Townhouses have multiple stories and larger layouts.
  • Prices: With bigger floor plans in townhouses, they are usually more expensive than cozy, one-story apartments.

Now you see that townhouses and apartments both offer unique rental experiences. Use these differences to weigh the pros and cons of renting one of these properties.

Pros and Cons of Renting a Townhouse

Before making your final decision, make sure you understand the pros and cons of townhouses.

Pro #1: More Space

Townhouses are ideal for expanding your space without committing to a single-family home. It's common to find garages, balconies, patios, and small yards in townhouse communities.

Pro #2: Cheaper than Buying a Single-Family Home

Housing shortages and skyrocketing price tags make it challenging to transition from apartment renter to townhouse owner. It's usually less expensive to rent or buy a townhouse than a single-family home.

Pro #3: Amenities

Townhouses are typically part of a large development and they often have great amenities. Essentially, you get the best of both worlds with a townhouse. For example, apartment complexes with townhomes often feature fitness centers, swimming pools, and other upscale features.

Con #1: Privacy

Townhouses are typically more private than apartments. However, they’re less private than single-family homes. Shared walls, yards, and amenities are the norm.

Con #2: Location

While some townhouse communities are found within cities, most are in suburban settings. It's easy to find condos and apartments in the middle of downtown and dense urban areas.

Con #3: HOA Fees are Standard

A townhouse development relies on HOA fees for landscaping and maintenance. However, having an HOA also means you’ll need to follow specific rules. That bright coat of purple paint around your home’s exterior that you’ve always dreamt of may not be a possibility!

How to Find a Townhouse?

Finding a townhouse isn’t too difficult if you know where to start! Here are some steps to help you find the townhouse of your dreams.

Determine Your Budget

Apartment budgeting requires taking a hard look at your finances to determine what you can afford to pay in rent. You can use our rent calculator for budgeting assistance! However, the best way to ensure you come up with an accurate budget is to monitor your income and spending via budgeting apps.

If you prefer to calculate the numbers yourself, you can create a budget using the 30% rule. This rule states that you should spend no more than 30% of your monthly pre-tax income on rent.

Set Your Apartment Priorities

When looking for a townhouse, try to find one that meets all your preferences. In doing so, you can narrow your choices during your search and close in on the townhouse of your dreams.

If your must-have apartment amenities include an on-site gym and sauna, then be sure to put that on your list.

You may not find exactly what you’re looking for, though being preferential can be an excellent jumping-off point.

Consider Your Commute Time

Commute time is a significant consideration for many renters. No one wants to slog through a two-hour commute twice a day. However, there is a class of super-commuters who do this daily!

Consider your commute time and transportation method when choosing a townhouse. Aim for a shorter, simpler commute whenever possible unless you’re a remote worker. In that case, try to find a townhouse in one of the best cities for remote workers.

Prepare for Townhouse Tours

When touring a townhouse, there are many questions you should ask. For starters, ask about your prospective neighbors.

If you have concerns about noises such as dogs barking, babies crying, loud music playing, or anything else that may warrant a noise complaint, it’s best to ask about these issues upfront.

Applying for Your Townhouse

The apartment application process can differ depending on your landlord's or property manager’s practices.

In addition to completing the application, you’ll need to provide information confirming your identity, income, job, rental history, and consent to a background or credit check.

The landlord will likely ask you to provide references as well.

Protect Yourself from Rental Scams

Rental scams are expensive, costing unwitting renters $5.2 million per year. Worse yet, a third of renters who fall prey to rental fraud lost over $1,000 to the scheme.

That’s why it’s essential to know how to spot and avoid rental scams, as these skills will help ensure you don’t fall prey to fraudsters.

How to Find Cheap Townhouses

Because townhouses are generally located in the heart of major cities near many amenities, they can be very competitive and often expensive. However, there are instances where you can find an affordable unit situated in a desirable neighborhood.

That said, if you are looking during the right time of year and catch a move-in special, you may be able to save big on rent or snag a free month.

If your priority is saving money and you don’t mind sharing your space, then a roommate is the way to go. If you split rent with a roommate, you’ll only be responsible for paying half the cost of rent.

When’s the Best Time to Rent Townhouses?

Seasonality in Apartment Rent Prices

The best time to rent an apartment depends on your needs and preferences. If you are searching for an affordable unit, it’s best to start your search during December and January. During these winter months, when moving rates are down, rent rates are at their lowest.

If price is less of a concern, and you prefer to browse the most options, then start your hunt in the summer months.

Which is Better for You, a Townhouse or an Apartment?

Townhouses and apartments are both solid choices for renters. Focus on what's essential to you. A townhouse is an excellent choice if you want more space in a quieter setting with great amenities, while apartments can be a great option for those who want to live in the heart of a major city.

Either way, when you're ready to find your new home, just turn to Apartment List. Start our quiz to see what's out there!

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Emily Kho
EMILY KHO
Emily is a professionally trained writer who covers a wide range of topics associated with the rental market and real estate industry. With over a decade of professional writing experience, Emily comes from a strong background in the field backed with a Bachelor of Science from the world-renowned William F. Read More
Tristian Brown
SENIOR CONTENT ASSOCIATE
Tristian Brown is a Senior Content Marketing Associate at Apartment List, where he manages high-quality content that helps modern renters find the perfect home. He brings an immense wealth of knowledge to the team, having earned a Bachelor of Arts in Marketing and European Management from the University of San Diego and EM Strasbourg Business School. Read More

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