Apartment vs. Condo: Key Differences Explained

Apartment Complex

• Building(s) with multiple rental units.
• Landlord handles maintenance and upkeep.
• Tenants pay monthly rent (may include utilities).

Condominium (Condo)

• Individually owned unit within a shared property.
• Owner responsible for unit maintenance.
• Monthly HOA fees cover common-area maintenance (landscaping, pools, gyms).

Key Differences

• Ownership vs. rental: Apartments are rented; condos are owned.
• Responsibilities: Apartment tenants have fewer maintenance duties; condo owners maintain their unit.
• Control: Condo owners can modify their space; apartment tenants usually cannot.
• Costs: Condo owners pay HOA fees plus mortgage; renters pay rent only.