If you’re reaching retirement age and looking to downsize your home, you might consider an apartment that will not only suit your needs but your budget as well. For older adults, that typically comes down to two options: a 55+ apartment or an all-ages apartment.
Senior apartments are age-restricted to people typically 55 years old and older. Some may be restricted to 62 years old and older. [Read more about how those age restrictions work.]
These apartments might be referred to numerous ways: as senior apartments, 55+ apartments, 62+ apartments, age-restricted apartments, or active adult apartments.
Although there are luxury senior apartments with higher price tags, most senior apartments are at market rates or below. Some others are specifically deemed low-income or affordable.
Senior apartments are built for older adults and offer senior-friendly conveniences and amenities. They usually offer one- and two-bedroom options and, occasionally, studios. Three-bedroom options aren’t as often available in 55+ and 62+ apartments communities, but they do exist.
Senior apartments often are located near the bus or public transportation lines and near medical centers. Some offer transportation services.
While their features differ between locations, 55+ apartment communities often include or emphasize the following:
Fitness centers
Swimming pools
Walking paths
Walk-in and lighted closets
Step-in showers
In-unit washers and dryers or community laundry facilities
Elevators
Emergency call systems
Gated or controlled access
Computer rooms and libraries
Social areas and game rooms
Arts and crafts rooms
Planned activities
Salons and barber shops
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