There is a minimum on renting anything as well as buying. A crappy fixer can cost nearly the same as a slightly bigger home in good shape due to land value - so there's a starting price on anything to buy in a given area.
Apartments are the same - there's a starting price and it goes up from there - and they vary with HOA dues. Some HOAs are very high and so that's figured into the price on the landlord side. Also added every few years or so are maintenance costs - exterior painting, etc.
Rooms to rent are the ones that are most flexible in price.
Supply v.s. Demand.
learn the local game where u live.
here, 200 -500$ 'apartments' u will want to 'carry' (a gun).
It's about supply and demand.
Apartments are usually cheaper than houses. In some areas there are more houses on the rental market that other areas were apartments are prevalent. Many people would rather lower the rent on a house & have it full than have it sit vacant. Its all about competing with the current market.
mortgage payment...owner has to pay the mortgage....sometimes the tenant pays the owners mortgage..
In my area houses are $500-1000 a month to rent. I thought apartments would be $200-500, but they cost just as much as houses! Why is that?
