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A townhouse is one of many styles a home can be, so it can technically be a condominium if it’s part of a condo community with the associated rights, or a single-family property or planned-unit development (PUD). Condos can come in a range of styles, such as townhouses, a larger high-rise building with units on each floor or a garden complex of one-story units. Condos are individually owned, but might also be rented to tenants. Apartments, by comparison, are typically commercial rental units owned by a corporation, and everyone in the complex rents — although in some places, you can own an apartment and rent it to tenants, as well.

Apartments, by comparison, are typically commercial rental units owned by a corporation, and everyone in the complex rents — although in some places, you can own an apartment and rent it to tenants, as well.