Are Apartments on Higher Floors More Expensive?

Home | Blog | Are Apartments on Higher Floors More Expensive?
Are Apartments on High Floors More Expensive | Woman Admiring Her View | www.phillyaptrentals.com

Reading Time: ( Word Count: )

If you’re on the lookout for a new apartment, you are probably wondering about the cost of apartments on higher floors versus lower floors. So, are apartments on higher floors more expensive?

The short answer is yes, generally higher floors are more expensive in “high-rise” buildings, however with garden-style apartments, it is usually not the case. In fact, in garden-style apartments, the higher floors may be cheaper if someone has to walk up a lot of stairs.

Generally, though higher floors are more expensive.

Since higher floors are usually more expensive, let’s take a look at some of the reasons why:

1. Views

There is a premium for the panoramic views. Even if you don’t live in the best location, top-floor apartments tend to provide the best views compared to apartments on the lower floors.

2. Luxury and Privacy Perception

There is also the general perception of luxury and privacy associated with being on a higher floor.

3. Enhanced Security Perception

Higher floor apartments have the perception of being more secure. This makes them more desirable and in turn, more expensive.

4. Quieter

Are Apartments on Higher Floors More Expensive? | Couple Relaxing on Top Floor Balcony | www.phillyaptrentals.com

Being on a top floor means there is less street noise, allowing you to relax and unwind.

5. Natural Light

Higher floor apartments can have more natural light compared to apartments on lower floors. This is one of the most attractive features for tenants.

6. Additional Factors that Affect Rental Prices of Apartments

While the floor you choose will have an impact on rental prices, some additional factors will also come into play. They include:

  • Neighborhood
  • Amenities
  • Apartment size
  • Window sizes
  • Balcony
  • Floor plan
  • Apartment features

If you are looking for a feeling of luxury and privacy and don’t mind the additional rental cost, then choosing an apartment on a higher floor may be a great choice.

Are Apartments on High Floors More Expensive | Woman Admiring Her View | www.phillyaptrentals.com

Subscribe

Don't Forget to Share this post! If you like it!

Fidelity Management – Our content has been featured or mentioned nationally by some of the industry’s best websites including:
ApartmentGuide | Rent.com | MyFirstAmartment | RENTCafe | The Balance …and many more

Tags

Categories

Finding an Apartment

i

Leasing an Apartment

Living in an Apartment

Moving Into an Apartment

Neighborhoods

Things to Do In Philly

News and Announcements

Editor’s Picks

Ben Franklin Bridge leading into Philadelphia at sunset

Subscribe

Stay a Smart Renter. Join the Group!

Related Articles

Can I Back Out Of An Apartment Application?

Can I Back Out Of An Apartment Application?

Can You Change Your Mind After Applying For an Apartment? Yes, generally, as long as you haven't signed a lease and you understand that you will likely not be refunded your application fee or any deposits paid. Before you sign a lease to rent the apartment, unless...

read more
What is an Admin Fee for an Apartment?

What is an Admin Fee for an Apartment?

When you want to rent an apartment, you need to consider all the costs involved in renting, including rent, utilities, parking, and even ‘admin fees’. In this guide, we'll learn what an admin fee is and how much it is. Admin Fee – What is It? In addition to your...

read more
What are the Different Types of Apartment Entrances?

What are the Different Types of Apartment Entrances?

Have you considered entrance type as part of your apartment search? If not, you should. In general, there are 4 main apartment entrance styles - and not every apartment complex has each type.... The four main entrance types are: private entrance, semi-private...

read more
2 Shares
Skip to main content
Share via
Copy link
Powered by Social Snap