How To Find Rental-Friendly Senior Communities That Don’t Feel like Nursing Homes

Older homeowners are increasingly choosing to rent, not buy, as they downsize—primarily due to high mortgage rates and record-high equity in their current homes. 

In fact, the 65-plus age group has seen the biggest surge in renting over the past decade. However, many of these renters aren’t settling for a basic apartment—they’re seeking comfort, amenities, and independence in their next chapter.

Fortunately, it is possible to find a rental-friendly senior community—one that offers support and community, without feeling institutional or sterile like a nursing home.

How today’s senior communities differ from the past

“Today’s 55-plus communities are focused less on aging and more on lifestyle—and a growing number are now offering rental options alongside cottages or villas to attract downsizing homeowners who don’t necessarily want to tie up their equity again,” says Brett Koenig, managing partner at Senior Living Search Partners in St. Louis. 

These communities usually offer amenities such as walking trails, fitness classes, transportation, pools, and on-site dining, plus a busy calendar of social events. They also allow for maintenance-free living—meaning no more yardwork or repairs.

From a branding standpoint, developers are clearly trying to move away from anything that feels like traditional senior housing.

“You’ll notice more modern designs, vibrant community spaces, and an overall aesthetic that feels more like a resort or private neighborhood than a retirement facility,” explains Koenig.

Koenig adds that the goal is to attract what some folks call the “young-old”—active adults in their 60s or early 70s who aren’t necessarily looking for care, but want a simplified, social lifestyle. Seniors and their families are prioritizing first-floor living, elevators, walk-in showers, and pet-friendly policies. Deal breakers usually include anything that feels too medical, institutional, or isolating. 

“People want somewhere that feels like home—not like a place they’re being 'put,'” says Koenig.

How to find the right community—and why you shouldn’t go it alone

With so many senior communities out there, the search for the right one might seem daunting. However, these tips can help you narrow down your options and zero in on the best community for your unique lifestyle, needs, and preferences: 

Start with location

Location is of utmost importance. Think about where you hope to be for the long term. Maybe you want to be near family or friends. Or perhaps, you’re craving sunshine year-round. Don’t forget to consider walkable amenities and access to quality health care. Once you figure out your ideal location, you can start to explore communities in the area. 

Schedule tours

“Online photos don’t always reflect reality. You’ll get a much better feel for the environment, staff, and residents by visiting in person,” says Koenig.

You can usually book a tour online or call the community directly. It’s a good idea to bring family members or close friends who can ask important questions you might miss and offer their opinions. 

Find out what’s included

As you shop around, make sure you know exactly what each community includes in the prices. This can make it easier to compare apples to apples.

“Some places roll meals, transportation, and housekeeping into the rent. Others charge à la carte, and that can add up,” explains Koenig.

Also, review lease terms and look for things like rent caps, renewal policies, and any move-out penalties.

Work with an experienced real estate agent

A real estate agent who specializes in 55-plus communities can simplify your search. Since rental-only properties aren’t always advertised, they might uncover options that you won’t be able to find on your own. Plus, they can schedule tours on your behalf and serve as your go-to resource as you go through the process.

Additionally, Realtor.com® makes it a breeze to pinpoint rental-friendly senior communities from your desktop or mobile device. First, search for rentals in the location of your choice. Then, go to the community features filter (under "More") and type in “55+ community.” You can also sort by price and other amenities that are important to you.

Financial factors to consider when moving from owner to renter

If you’ve been a homeowner for a while, making the switch to renting will change your financial situation.

“Selling a home can free up equity—and for many, that creates a cushion that allows them to rent comfortably for years. But it also means you’re giving up the long-term benefits of homeownership, like appreciation,” explains Koenig. 

While renting offers flexibility and fewer surprise costs (no repairs, no taxes), you’ll need to plan for ongoing monthly rent and potential increases over time. If you do become a renter, be sure to factor in health care costs—especially if there’s any chance you’ll need support like home care or assisted living later on.

“Those costs can creep up quickly, so it’s worth making sure the budget accounts for more than just rent,” says Koenig. 

A financial adviser or certified housing counselor can help you understand the long-term affordability of a rental-friendly senior community. One of these pros is particularly valuable if you’re selling a mortgage-free home to enter into a rent-based lifestyle.

By Anna Baluch