Whether you're a permanent residence or staying in the country for a short time for business renting an apartment cuts the cost and the effort of maintaining a property. Some of the high-end apartments come already furnished, saving you the trouble of having to purchase furniture. The area you'll be renting will be smaller than the area of an average house, hence the amount you'll spend per month for utilities will also be considerably less. If you're always on the move or just staying for a short time renting an apartment is ideal as you only need a place to sleep and keep your things. Most college students, friends living together and working class people prefer apartments because it's functional and serves the purpose.