The cost of renting a senior home varies depending on the type of home and location. As of September 2015, renting or owning a home in an independent living community costs between $1,500 and $10,000 per month. One-bedroom apartments in assisted living communities cost around $2,575 per month on average.
Independent living communities usually feature houses, townhouses, or mobile homes for citizens over 55 years old. Many communities offer amenities such as security, gyms, pools and housekeeping. Some communities also feature on-site attendants. Assisted living communities provide emergency medical care and home maintenance services for senior citizens. Citizens still have independence, but additional assistance is available for activities such as bathing, dressing and meals.