<human>:  What are the pros and cons of renting an apartment?
<bot>: 
Pros:
 • Cost
 • renting an apartment may be cheaper than buying a home, making it perfect for young adults just starting out or those on a tight budget.
 • Flexibility
 • leases can be shorter than a mortgage term, so renters have the flexibility to move as their needs or lifestyle changes.
 • Lack of Maintenance
 • renters don’t need to worry about maintaining the property and handle any costly repairs.
 • Amenities
 • some apartment communities offer amenities like fitness centers, pools, and other recreational activities.

Cons:
• Lack of Security
 • rent contracts can be terminated without much warning and renters can be evicted in certain cases.
 • Renovations
 • any renovations or improvements are prohibited without the landlord’s consent.
 • Restrictions
 • renters may be subject to restrictions on noise and other activities.
 • Rent Increases
 • landlords may choose to increase rent rates at the end of the lease.