Across the United States, there is no shortage of high-priced retirement places and communities. However, believe it or not, a quality apartment may still be found for $100,000 or less. You’ll have to pay for shiny and new (though a smaller unit in a brand-new building or neighborhood may often be had for less than $100,000).
There are, however, a number of “oldies but goodies” out there, including age-restricted, 55-plus buildings developed in the 1960s, 1970s, and 1980s that are still running strong and provide a larger range of less priced units. To compile this list, we consulted with brokers in Florida, Arizona, and Pennsylvania, as well as combed through real estate listings and websites.