Rental Housing

Rental housing refers to properties that individuals or families can lease from a landlord or property owner, rather than buying them outright. Tenants pay rent—usually monthly—in exchange for the right to live in or use the space, which can include apartments, houses, or other types of dwellings. Rental agreements typically outline the terms of the lease, such as duration, rent amount, and maintenance responsibilities. Renting offers flexibility and lower initial costs compared to purchasing a home, but it means the tenant does not build equity in the property and must adhere to the landlord's rules.