Apartment vs. Single-Family Home

As a renter, your house-hunting journey in and around Fords, NJ, likely included both apartments and single-family homes. Deciding which property is right for you depends on key differences and personal preferences.

Amenities

Apartments and single-family homes offer different types of amenities. In an apartment, you typically have access to features of the apartment complex, such as a large pool, gym, or other on-site facilities. You’ll likely also have a designated parking spot.

In contrast, single-family homes may not offer as many amenities unless you rent in a neighborhood with a Homeowners Association (HOA) that includes a pool or community center. Keep in mind that these amenities usually come at an additional cost in a single-family home, whereas they are included in the rent for an apartment.

Location

Most apartments are located in urban areas, providing closer access to the city and public transportation. If you enjoy being near others and frequenting local spots, an apartment might be the right choice for you.

While some single-family homes are located downtown, most are situated in suburban or rural areas outside the city. You’ll likely need a car for transportation, which is an important factor to consider.

Size and Cost

Apartments are typically smaller than single-family homes, usually offering one or two bedrooms. Most single-family homes have at least two bathrooms and three bedrooms. However, the larger space of a single-family home comes with a higher monthly rent compared to an apartment.

If you’re seeking more information on rental insurance and how much coverage you need, contact us today at Five Star Insurance Agency for a personalized quote.