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2 Bumps

What is the difference between a condo and an apartment?

Just wondering.

Answer Question

Asked by staciandababy at 3:52 PM on Jul. 10, 2013 in Home & Garden

Level 38 (102,010 Credits)
Answers (11)
  • Umm, a condo/townhome is usually 2 floors, and an apartment is only one?

    I really don't know. Around here though, it seems like a condo/townhome is more like a real home.

    Answer by Rosehawk at 3:53 PM on Jul. 10, 2013

  • A condo you usually own, an apartment you usually don't. We once lived at a place that was originally condos, got bought by an apartment company, and then got bought again by another condo company.

    I'm wondering if the number of floors varies by region, because it's common here to find 2 floor townhomes that are apartments.

    Answer by Ginger0104 at 4:04 PM on Jul. 10, 2013

  • I think condos and townhomes are independently owned and apartments are all owned by one person.

    Answer by SleepingBeautee at 4:05 PM on Jul. 10, 2013

  • About a thousand bucks a month

    Answer by fiatpax at 4:07 PM on Jul. 10, 2013

  • Own vs. Rent

    Answer by ILovemyPaulie at 4:14 PM on Jul. 10, 2013

  • Condo is owned and larger, sqft. Apartment is rented and smaller.

    Answer by louise2 at 4:27 PM on Jul. 10, 2013

  • Condominium is a system of ownership of individual units in a multi unit structure, combined with joint ownership of commonly used property. An Apartment is a dwelling unit within a multifamily structure, generally provided as rental housing.


    Answer by older at 4:35 PM on Jul. 10, 2013

  • Yes, you rent an apartment, own a condo.

    Answer by mompam at 4:49 PM on Jul. 10, 2013

  • One you own, one you don't.

    Answer by tasches at 4:49 PM on Jul. 10, 2013

  • Yup, a condo is something you will buy and own. You will actually get a Deed to your own part of the property. Usually you pay a fee yearly for maintenance, homeowners fund etc... which is again, usually split between the owners. An apartment is rented. You pay monthly but do not own.

    Answer by m-avi at 5:45 PM on Jul. 10, 2013

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