A Guide to Senior Apartments

Recent reports show that the occupancy rate for senior apartments is on the rise. According to the New York Times, 81 percent of the nation’s 31 largest senior housing markets were occupied in the first quarter of 2022. This figure is up from 78 percent in the first quarter of 2021.

In a 2019 study by Pew Research Center, most of the senior population spend over half of their waking hours alone. That’s why residents and their families often prefer senior living apartments. With a senior apartment, residents can socialize and engage in activities with other seniors.

What are Senior Apartments?

Senior living apartments, like the usual apartment complex, are composed of a group of buildings with several units. The main difference is that senior housing apartments are designed and built exclusively for people aged 55 years and above. These apartments provide an age-restricted community where the residents can interact and socialize with people of their age group.

Although it may sound like assisted living, senior apartments don’t provide the same level of care. These apartments are designed for independent seniors who can still care for themselves but would like to live in a community of people with similar backgrounds and interests. They are not suitable for seniors dealing with long-term illness or need to recover from surgery.

For many seniors, the decision to move into a senior apartment is often based on several factors. These may include wanting to downsize from a large home, being closer to family or friends, or being in a location that is more conducive to their current lifestyle.

The amenities offered in senior apartments also play a significant role in the decision-making process. Many of these complexes offer a wide range of amenities such as fitness centers, swimming pools, spas, and tennis courts. Some even have on-site restaurants, libraries, and game rooms. With so many benefits for seniors, it’s no wonder that the demand for senior apartments is on the rise

How Much are Senior Apartments?

A typical senior apartment complex has a monthly rent that ranges from $1,500 to $4,000. The price will usually depend on the size of the unit, the location and the amenities offered by the complex.

The costs associated with senior living apartments can vary greatly. For other states and regions, the average cost of living in a senior apartment may be exclusive of the expenses for the basics, such as food, medication and transportation. In some cases, the price may already cover utilities, like gas and electric.

What State has the Cheapest Senior Apartments?
elderly women celebrating a birthday

Different studies show different results on affordable housing for seniors. The year the study was done is also relevant to the list of states that are good for retirees with limited financial resources.

The most current study comes from Caring.com, which identifies the best and worst places for older adults to live in. Fifty states were graded according to affordability, healthcare, senior living and housing, transportation and quality of life. 

And among the most affordable states are:

  1. Iowa
  2. Indiana
  3. South Dakota
  4. North Dakota
  5. West Virginia

Where it’s affordable to live, you’ll likely find some of the cheapest senior apartments. But if your state isn’t listed as one of the best places to live in for seniors, look up specific types of housing that are affordable.

Where to Get Affordable Senior Apartments

Senior low-income housing

For those looking for affordable senior apartments for rent, the Good Samaritan Society provides housing for older adults on a budget. The minimum age to apply is 50, and there is no limit on the maximum age. You can apply for budget-friendly senior apartments through your area’s Good Samaritan Society branch. 

The organization has branches all over the United States, so there’s likely one near you. You don’t need to be a member of a Lutheran church to use their services, but proof of income is required.

Cooperative apartment complex for seniors

Low-income apartment senior living is also possible through cooperatives. These are usually composed of several small buildings, each with a group of seniors who share responsibility and services for the upkeep of the apartment complex. 

These senior citizen apartments work with community members pitching in to help with things like cleaning the community kitchen or manning the front desk. This system helps to keep costs down, making the apartments more affordable for everyone involved.

Section 8 senior apartments

If you’re interested in senior low-income housing, you may qualify for Section 8 housing. It is a government-sponsored program that helps low-income families afford safe and clean housing. To be eligible, your median household income must be below 50% of the median income for the area in which you live. You can apply for Section 8 housing through your local public housing agency.

How Do You Qualify for Senior Apartments?

Retirement planning can be a stressful time for many seniors. Along with figuring out how to live on a fixed income, there’s also the question of where to live. For some, the answer is a senior apartment complex. But how do you qualify for one? Here are a few things you need to know:

Age requirement

The first and obvious requirement is that you must be a senior citizen. While the age requirements can vary from one complex to another, the general rule is that you must be at least 55 years old to apply.

Income requirements

Another common requirement for senior apartment living is that your household income must fall below a specific limit. This figure is usually around 80% of the median income for the area.

Credit score requirements

While not all complexes have this requirement, some may ask for proof of a good credit score. That is to ensure that you’ll be able to pay your rent on time and keep up with other financial obligations.

What Should You Look for in a Senior Apartment?

Now that you know what senior apartments are and how to qualify for one, it’s time to start looking for the perfect complex for you. Below are some factors to keep in mind during your search:


One of the first things you should consider is the location of the complex. It’s important to choose a place close to what you need, such as grocery stores, doctors, and transportation.


Another thing to consider is the available amenities. Some complexes offer fitness centers, swimming pools, and community rooms. Others may have on-site laundry facilities or 24-hour security. It’s essential to choose a complex with amenities that fit your lifestyle.


You’ll also need to consider the cost of living in the complex. That includes the monthly rent and any additional fees, such as utilities or parking. Make sure to choose a place that you can afford without stretching your budget too thin.

Move-in date

When looking for an apartment, it’s also essential to consider the move-in date. Most complexes have a waiting list, so you may need to plan. Doing some upfront research can help you find the perfect place to call home.

Moving to a senior apartment complex can be a big decision. But it can also be an exciting time, full of new opportunities. Consider your options and get help from family for a pleasant transition to life in retirement.

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