If your lease is up and you need to find a new place to rent, your options might be a little overwhelming. There are many different types of housing you can rent. Some of the most popular options are townhomes, apartments, basement apartments, and single-family homes. Finding the right place to rent can have a big impact on your overall satisfaction and budget. Here are some tips to help you navigate these decisions and choose the right rental for your family:

Townhomes vs. Apartments

Townhomes and apartments are popular choices for many renters because they offer a lot of conveniences. You can even find luxury townhomes and apartments that feel a step up with the amenities and finishes they offer in the rental. The main difference between the two options is the layout. Townhomes have stairs with two or three floors of living space. Each floor is small, but overall they can offer a lot of square footage. You just have to be prepared for all the stairs! You will share a side wall with another unit and may hear sounds from neighbors. Apartments are one floor, but you also may find yourself taking a hike up the stairs if your unit is on an upper floor. Unlike townhomes, apartments share a floor or ceiling wall with neighbors. Noise in apartments can often be a little more bothersome since walking, stomping, or dropping things will happen on a daily basis. 

Basement Apartments

Basement apartments can be great rental opportunities if you find the right space and landlord. You may share some common spaces like laundry, garage or driveway, so you will want to find a good fit with the person who lives in the house above. Some basements are very dark since they are underground and rely on window wells to let light in, which could mean you need to prepare for some long winters. Since basement apartments are sometimes used by the homeowner to supplement their mortgage, you may be able to find an amazing deal on rent.

Single Family Homes

You may prefer to rent a single-family home if you have kids of your own. This neighborhood setting can feel a little more natural for some families when compared to an apartment complex with shared common spaces. One of the biggest highlights of this type of rental is the potential for a private outdoor space like a fenced backyard. 

You have lots of options to choose from, so use these tips to narrow down your search. Taking the time to look at your wishlist and budget can help you settle on the perfect rental for your family.