Consider subletting arrangements

If direct renting isn’t an option for you, experts recommend considering shared living arrangements or subletting.

These options for affordable rent for retirees can be significantly more budget-friendly than renting an apartment by yourself, and they also offer the added bonus of being more flexible and easier to get yourself out of if needed.

Think about all of your expenses

Lower rent doesn’t always mean a better deal when considering the perks some apartment complexes have to offer. For instance, paying more rent might be worth the trade-off for free parking, in-unit laundry, a fitness center, and even a pool.