Why are apartments higher than condos, out of curiosity? Amenities in each type of complex are very similar from what I’ve seen.

Is management overhead for an apartment complex simply higher than a condo HOA fee?

The price spread could also have to do with individual apartment prices. A few years ago, a friend of mine rented a 1/1 apartment in Carlsbad, walking distance to the beach. Price? $800/mo.

After the first night staying with her, I knew why it was so cheap. It faced the tracks, near a level crossing and freight trains would pass by late and blow their horns for the crossing, about 100 ft from the window!