Penthouse Apartments: Everything You Need to Know

Picture a large, bustling city complete with taxi cabs, crowds of people and skyscrapers. Now imagine taking an elevator to the top floor of a high-rise apartment or condominium building and entering the most luxurious unit in the building. There are no other apartment units on either side, only impressive views of the city below. You’ve entered the penthouse apartment.

What is a penthouse?

Penthouse apartment with modern decor in shades of gray and brown with a city in the background.

A penthouse is a unit located on the top floor of the building. It’s usually the most luxurious, spacious and expensive unit in the building with the most amenities. A penthouse apartment can have vaulted ceilings, floor-to-ceiling windows and striking city views.

In addition to these features, penthouses will also have more square footage, top-of-the-line appliances and other features that are not included in other units in the building. Penthouses are generally the nicest rental available and include everything you could ever imagine yourself wanting or needing in a home.

Before penthouses became the most expensive type of rental units, they were originally the space that live-in servants occupied. The word “penthouse” refers to a smaller house located on the roof of a building. Nowadays, penthouses are a symbol of status and prestige. If you can afford to live in the penthouse apartment, you’re part of a select crowd of people.

How much is a penthouse?

Because penthouses are the best unit in the building with the most space, nicest features and best views, the price tag matches. According to data, penthouses can cost 5 to 15 percent more per square foot compared to other units in the same building.

Penthouse prices depend on location, as well. For example, penthouse apartments in New York will be more expensive than penthouse apartments in smaller, less populated cities.

To give you a taste of the prices though, penthouse apartments in New York can cost anywhere from $75,000 to $125,000 or more per month!

The pros of living in a penthouse apartment

Long white couch in a penthouse apartment with art and a TV on the walls with an outside deck that looks towards a city skyline.

So, we’ve illustrated what a penthouse apartment is, now let’s dive into the pros of living in a penthouse.

Amazing views

There is no denying that when you have a penthouse apartment, you’ll have amazing views of the city. From the top floor, you’ll see the skyline, the twinkling lights of buildings and the surrounding landscape for miles on end. Penthouses usually have lots of windows, so you can sit on your couch and look out at the city from the comfort of your own home. You’ll have the view that tourists pay for when they visit your hometown.

Luxurious living space

Penthouses come equipped with several amenities that most people only dream of. From vaulted ceilings that make the room feel larger than it is to high-end appliances that look nice and function well, your penthouse apartment will feel upscale and beautiful — and that’s because it is. When you pay penthouse prices, you’re paying for a luxurious living space.

Privacy

When you live in a big, busy city, you often get caught up in the hustle and bustle of people everywhere you go. Living in a penthouse, you have more privacy than the average person. You can ride the elevator to the top floor, avoid noisy neighbors and escape the loud city. Penthouses offer an added level of privacy, which is a perk for many people who wish to live in a big city but have some quiet alone time, too.

Status and prestige

Another perk of renting a penthouse apartment is the status and prestige that comes with it. Penthouses have a ring to them — people know the status associated with the word penthouse. So, if you’re looking to impress others with your home, penthouses can do just that.

Additional amenities and services

If you live in a penthouse apartment, you’ll likely get additional services and amenities included in the price of rent. These can include an apartment concierge, a private entrance, a separate elevator and additional security features. This is an appealing perk if you need added security or discretion in the place you call home.

The cons of living in a penthouse apartment

Dark couch in a dark penthouse apartment at night with a cityscape in the background.

While there are several pros to living in a penthouse, there are some negative aspects to consider, as well. Here are a few cons to penthouse living.

Cost

The price of a penthouse is a downside — even if you can afford the monthly rent. You’ll need to consider if you want to pay that much per month and if that’s where you want your money to go.

Rent is pricier, and so are utilities. Because penthouses are on the top floor, you’re going to have more direct sunlight which can spike the cost of air conditioning in the summer. Likewise, with all the glass from the floor-to-ceiling windows, it can get chilly in the winter months and you’ll need to run the heating unit more often to keep warm.

Some of the pros of a penthouse — location, windows, views — can themselves be a con and add cost to the already expensive price of rent. If you are considering a penthouse apartment, think how much it’s going to cost to rent and pay utilities each month.

Availability

Penthouses are hard to come by because they are popular with the rich and famous. If you’re interested in renting a penthouse, you’ll want to keep your eyes peeled for openings and hop on the opportunity when it comes available. This is frustrating if you’re looking to rent now and there are not many options currently available.

Noisy rooftop

While the penthouse is the topmost apartment unit, several buildings have rooftop features like gardens, bars and pools. You may have to deal with a noisy rooftop scene even though you have a penthouse apartment. Also, a lot of utility equipment is stored on the top floor, so you may deal with noise from that, as well.

How to find a penthouse for rent

If you’ve decided that renting a penthouse apartment is right for you, then you can start your search immediately. Determine which city you want to live in, how much you can afford in monthly rent and what features the penthouse needs to include and you’re well on your way to renting a luxurious penthouse with amazing views.

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Source: apartmentguide.com