Senior housing rentals are packed with age-friendly accommodations and amenities and are tailored to fit the lifestyle of older adults (typically between 55 and 62 years of age). For instance, an apartment may offer facilities like elevators, safety features, and wheelchair-accessible units. Despite these conveniences, some rentals remain affordable, making them popular among those nearing retirement. Such housing options offer a supportive living environment for seniors, easing the burden of homeownership off their shoulders.
Before entering into a rental agreement, it helps to learn about the various aspects of affordable senior housing rentals to make the right decision that aligns with individual preferences and budgets.
Eligibility Criteria
Most senior rentals (both individual and community-based) have eligibility criteria that a senior has to meet. While qualifications may differ from one community to the next, here are some common guidelines that most rentals follow:
- Under the HUD’s Housing for Older Persons guidelines, at least one occupant must be 55 or older.
- If a spouse or partner is under 55, the qualifying occupant must check with the housing authority if there is an age restriction. This typically depends on the discretion of the apartment management.
- The occupant must provide proof of age, like a birth certificate, driver’s license, or passport.
- The individual should provide any other details that are legally required by the housing authority.
Types
Seniors may come across different types of rentals depending on the level of assistance they require.
Independent Living Rentals for Seniors
1) Accessory Dwelling Units (ADUs)
These are small apartments that could be an addition to a family member’s house or a separate home on the property. It’s an ideal addition for people looking to move to a secondary housing unit on an existing property. While a family member can occupy the main house, the senior can live in the ADU. This option is more cost-effective than building a separate home, especially in high-cost areas.
2) Age-Restricted Communities
Legally, an age-restricted housing community requires at least 80 percent of these homes to include one resident age 55 or older. These residential areas typically offer amenities like swimming pools, tennis courts, fitness centers, and pickleball courts.
3) Senior Apartments
Senior living apartments for rent are typically restricted to people 55 and older. They may even come with age-friendly features, like limited stairs and grab bars. Some senior apartments are subsidized, allowing residents to qualify for a lower rent. Also, such apartments may offer meals as part of their rental packages. Some buildings even offer support coordinators to help seniors access necessary resources and services like meal programs.
Housing for Those who Require Additional Assistance
1) Assisted Living
This residential option offers seniors a personal room or suite with access to round-the-clock care, three meals a day, and help with bathing and dressing if required. These facilities also offer social and recreational opportunities, helping foster a sense of community among residents.
2) Continuing Care Retirement Communities (CCRCs)
The advantage of such retirement community rentals is the 24/7 care offered. A resident may start living in an independent rental and, as their needs grow, can move on to a better space that provides additional care options. Some not-for-profit communities may even reduce one-time up-front fees and monthly payments for low-income residents.
3) Group Homes
This option offers a similar range of care services compared to assisted living. Residents can access shared or private rooms in these state-licensed facilities. The home is typically owned by an individual or an agency. The caregiving staff will live in the home with their families and share common areas with residents. Each home is allowed to have between 5 and 20 residents. Depending on the state, they may also be known as “residential care housing” or “board and care homes.”
Tips to Pick the Right Living Arrangement
With many senior housing rental options to choose from, seniors should follow the right tips and strategies to select the living arrangement that meets their individual needs, budget, and level of support required.
- Determine the required level of care – Consider the required level of social interactions and activities. If a senior can carry out daily activities independently and stay in a vibrant community, it might be best to pick independent rentals.
- Set a budget – The cost of living for seniors can vary depending on the location, living arrangement, and the level of care provided. So, preparing a budget by considering key factors like food, rent, utilities, care, and additional services will help seniors determine the exact amount they can realistically allot for housing.
- Always account for future needs – Even if a senior might not require certain services now, the need may arise in the future. So, they must check if their living space has various amenities and support services in place.
- Visit the location – Seniors looking for independent rentals or assisted living housing must first inspect the space thoroughly and check if they feel comfortable there before making a decision. This step also helps determine the quality of care, available services and amenities, hygiene levels, and staff behavior.
- Look for accessibility – If a senior wishes to live in independent housing, they should also consider accessibility. This is a key factor contributing to their independence and quality of life. Access to public transportation nearby is beneficial, especially when the senior wants to run errands, go to the movies, or spend time outdoors without depending on caregivers.