Last Updated on April 22, 2025 by Jessica Lauren Vine
Are you asking, “Is it cheaper to live in an RV or an apartment?”
Are you tired of paying exorbitant rent each month for one bedroom or studio apartment that barely fits all of your stuff? You might have thought about going for the RV life, and I personally think this is a great idea for a lot of people—but not for everyone.
In this article, we are going to talk more about living in an RV and living in an apartment, so you can figure out which one is the best for the way you want to live, as well as if there is a way to start saving money by doing one or the other.
Understanding the Costs of RV Living
Before you start picturing yourself cruising down the open road in your new home on wheels, it’s important to understand the costs associated with RV living. While it can be a wonderful and freeing lifestyle, it’s not without its expenses. So, if you’re wondering, “Is it cheaper to live in an RV or an apartment?” this is where you want to listen up.
Initial Investment: Purchasing an RV
The first and most significant expense when it comes to living in an RV is purchasing the vehicle itself. Depending on the size and amenities of the RV, you could be looking at anywhere from $5,000 to $300,000. Additionally, the upfront cost for an RV may require a significantly lower down payment compared to the 20% often needed for a traditional home. However, it’s important to note that RVs depreciate quickly, losing a significant chunk of their worth after purchase. Unlike traditional homes, RVs usually do not incur annual property taxes, which can be a substantial financial relief depending on the home’s value and location. Traditional homes, on the other hand, often have annual property taxes that can add up significantly based on the home’s value and location.
Keep in mind that this initial investment is essentially the equivalent of buying a house, and you’ll have the added bonus of mobility. However, the value goes down on an RV versus up like it usually does when you buy a house.
When considering the initial investment, it’s important to think about what type of RV will best suit your needs. A smaller, more basic RV may be cheaper upfront, but you may find that you quickly outgrow it. On the other hand, a larger, more luxurious RV may be more expensive but could provide you with more space and amenities in the long run.
Ongoing Expenses: Maintenance, Insurance, and Fuel
As you’re asking, “Is it cheaper to live in an RV or an apartment?” you need to think about every little expense.
Just like any vehicle, an RV or travel trailer requires maintenance and upkeep. Oil changes, tire rotations, and regular check-ups can all add up. It’s important to factor in these expenses when budgeting for RV and living costs. Additionally, RV insurance typically costs between $1,000 and $2,000 per year for basic coverage, which is another expense to consider when evaluating the overall cost of RV living. Maintenance and repairs for an RV average from $2,000 to $4,000 per year, so planning for these costs is essential to avoid unexpected financial strain. The average monthly cost of owning an RV can range from $1,500 to $2,500, depending on your lifestyle and travel habits, including significant recurring expenses like loan payments. Homeowners, on the other hand, often face significant repair costs that RV owners typically do not, although RVs do require regular maintenance.
Insurance for an RV can also be more expensive than for a traditional car or home. Shop around for insurance to find the best rates because you never know which company might give better insurance rates for RVers and allow you to RV cheaper. However, RV insurance is generally more affordable than homeowner’s insurance and property taxes combined, making it a cost-effective option for many.
In addition to the maintenance costs and insurance, fuel costs are a significant expense for RV living. Depending on how often you travel, you could be spending hundreds of dollars a month. Fuel is often the most significant ongoing expense for full-time RVers, averaging $200 to $400 per month depending on mileage. After the RV payment, gas expenses represent one of the largest costs for RV owners while on the road. Traveling a shorter distance between stops can save substantially on fuel costs for RVers, making it a smart strategy for those looking to minimize expenses. It’s important to factor in fuel costs when planning your travel routes and destinations.
When you’re asking, “Is it cheaper to live in an RV or an apartment?” you need to think about campground fees and parking fees. Many RV parks offer discounts for weekly or monthly stays, usually between 10% and 50% cheaper than nightly rates, which can significantly reduce overall lodging costs. RVers can save even more on lodging costs by opting for long-term stays at campgrounds, as these often come with additional discounts. Additionally, electricity and water costs at full hookup RV sites can range from $15 to $50 per night, so it’s important to include these in your budget. Monthly campground fees typically range from $500 to $1,200, depending on location and amenities. Full-time RV living costs can also include gas, groceries, utilities, and maintenance, which should all be factored into your overall budget of monthly expenses.
Campground and Parking Fees
When you’re asking, “Is it cheaper to live in an RV or an apartment?” you need to think about campground fees and parking fees.
Unless you’re planning on living on the side of the road, you’ll need to pay for a place to park your RV. Campground fees can vary widely, with some budget-friendly options as low as $10 a night and some luxury campgrounds and high-end resorts costing over $100 a night. Private campgrounds often charge higher fees for amenities like laundry, so exploring alternatives such as free BLM boondocking areas or state park campgrounds can lead to significant savings. On average, monthly campground fees range from $500 to $1,500 depending on location and amenities. Alternatively, boondocking or dry camping is a method to stay in your RV for free on public land, which can help reduce costs significantly if you’re prepared for self-sufficient living. Boondocking requires self-sufficiency regarding water and power, so it’s important to plan accordingly. Using membership programs like Passport America or Harvest Hosts can provide significant savings on campground costs. Many RV parks also offer discounts for longer stays, which can significantly reduce overall lodging costs. RV parks and campgrounds can vary widely in price, from free boondocking to over $100 per night for luxury sites.
If you plan to park your RV in a city, parking fees can also add up quickly. Many cities have designated RV parking areas, but these can be expensive and may not be located in convenient areas.
Utilities and Connectivity in an RV
When it comes to utilities and connectivity, RV living can vary depending on your set up. Some RVs have generators and water tanks that will allow you to go “off the grid,” while others are designed to be hooked up to a permanent water and sewer connection but can’t support you being without hookups. Solar panels can provide a sustainable and self-sufficient source of electricity, making them ideal for off-grid camping or boondocking. It’s important to understand your RV’s capabilities and limitations when it comes to utilities. Electricity is essential for lighting, appliances, and electronics in RVs, so ensuring a reliable power source is crucial.
Is it cheaper to live in an RV or an apartment?” as far as internet expenses and cell phone expenses. It depends.
Internet and cell service can also be spotty when living on the road, which can be a challenge if you work remotely or need to stay connected. It’s important to research and invest in equipment and plans that will provide you with reliable connectivity while on the road. Internet and phone bills can average $60 to $150 per month for RVers, depending on data needs, so be sure to include this in your budget. Additionally, buying food in bulk and cooking at home can help RVers save on their grocery bills, which average between $300 to $600 a month. Laundry can become a frequent and unexpected expense when living in an RV and may require trips to laundromats, so it’s worth factoring this into your monthly costs.
Overall, RV living can be a wonderful and freeing lifestyle, but it’s important to understand and budget for the associated costs. By incorporating free living through boondocking and finding free spots like county parks or parking lots, you can significantly lower overall travel costs. By doing your research and planning ahead, you can enjoy the open road without breaking the bank. Carefully considering the long-term financial impacts of RV living is crucial due to possible depreciation and maintenance costs. Additionally, weather extremes can impact comfort due to RVs’ poor insulation compared to traditional homes, so it’s important to prepare for varying conditions.
Breaking Down Apartment Living Expenses
If the idea of being a mobile nomad isn’t appealing to you, the traditional apartment route might be more up your alley. But before you sign your name on the contract, it’s important to understand the expenses and typical costs that come with living in an apartment.
Living in an apartment can be a great way to have a comfortable and convenient home without the hassle of maintenance and upkeep that comes with owning a traditional house sometimes. However, it’s important to be aware of the costs associated with apartment living to avoid any unexpected financial surprises.
Whether you’re going to be in a one bedroom apartment, a studio apartment, or even a bigger apartment, there are still costs that go with it. “Is it cheaper to live in an RV or an apartment?” Well, the bigger your apartment or RV is, the bigger the expense will be so keep that in mind.
Rent and Security Deposit
As you ask “Is it cheaper to live in an RV or an apartment?”, the most significant expense when it comes to apartment living is, without a doubt, rent.
Depending on where you live and the size of the apartment, monthly rent can range from a few hundred dollars to several thousand dollars. The median monthly mortgage payment is around $1,500, while median rent is above $1,000 per month. Comparing these costs, mortgage payments can often be higher than rent, but they contribute to homeownership. Additionally, the purchase price of a home is a significant financial consideration, as it includes not just the initial cost but also ongoing expenses like property taxes, insurance, and maintenance.
In addition to rent, most apartments also require a security deposit, which can range from one month’s rent to several thousand dollars. This deposit is meant to cover any damages you may cause to the apartment during your stay and is typically refundable at the end of your lease term if no damages are found.
Utilities and Internet
While some apartments include utilities in the monthly rent, others require you to pay additional fees for electricity, water, and gas. It’s important to factor in these costs when budgeting monthly payments for your apartment, as they can add up quickly. Additionally, transportation costs are a significant expense for RV living, including fuel, maintenance, and other travel-related costs.
“Is it cheaper to live in an RV or an apartment?”
Internet and cable are also additional expenses to consider, with most companies offering packages starting at around $100 per month for unlimited plans. Be sure to shop around for the best deals and packages to fit your needs and budget. Health insurance is another cost to consider, as it can vary significantly depending on your travel needs and whether you live in an RV or an apartment.
Renter’s Insurance
Most apartment complexes require tenants to have renter’s insurance, which can cost anywhere from $10 to $50 per month. While it’s an added expense, it’s important that renters insurance is to have in case of theft, fire, or other unexpected disasters. Renter’s insurance can also cover liability in case someone is injured in your apartment.
Maintenance and Repair Costs
While apartments are generally low maintenance, there are still occasional repairs and upkeep that need to be taken care of. Whether it’s a leaking faucet or a broken appliance, you’ll likely have to pay for those repairs out of pocket. It’s important to factor in these potential costs when budgeting for your apartment.
“Is it cheaper to live in an RV or an apartment?” Maintenance and repair costs can bite.
However, some apartments offer maintenance and repair services as part of their amenities, which can save you money in the long run. Be sure to inquire about these services when searching for an apartment.
Overall, living in an apartment can be a great option for those looking for less space and a convenient and comfortable home. Just be sure to budget for rent costs and all the associated expenses to avoid any financial surprises down the road.
Lifestyle Considerations for RV and Apartment Living
Aside from financial considerations, lifestyle preferences also play a significant role in deciding whether RV or apartment living is right for you. Both options have their benefits and drawbacks, so it’s important to consider your priorities and lifestyle when making a decision.
Space and Storage Limitations
When it comes to storage, apartments offer the convenience of built-in closets and cupboards. But if you’re downsizing from a larger home, the lack of space can be a significant drawback.
You may need to get creative with storage solutions, such as utilizing under-bed storage or investing in space-saving furniture. On the other hand, an RV can offer more storage options for less money than you might anticipate, with many models featuring built-in storage compartments and even hidden storage areas. However, RVs max out around 400 square feet, often sacrificing amenities most households take for granted, so you’ll need to carefully consider your storage and space needs.
However, space is still limited, so you’ll need to be intentional about what you bring with you and how you organize your belongings. “Is it cheaper to live in an RV or an apartment?” Prepare to pay for a storage building if your apartment or RV can’t fit everything.
Mobility and Travel Opportunities
One of the main appeals of RV living is the ability to travel and explore new places easily. While traveling the entire country can incur higher expenses, staying in one location can be more economical. You can wake up to a new view every day and experience the freedom of the open road. Whether you choose to travel on the west coast or the east coast, regional travel can help manage costs effectively. The RV lifestyle offers the freedom to follow dreams and design each day instead of falling into a routine. Additionally, RVers often save on activities by choosing free or low-cost outdoor experiences like hiking and exploring nature. Renting an RV can provide a good introduction to the full-time RV lifestyle before making a commitment, allowing you to test the waters without a significant upfront investment.
It’s also worth considering your work situation, as a full-time job might mess up your ability to travel frequently. If you do choose RV living, be sure to research the best routes and destinations for your interests, whether that’s national parks, beaches, or historic landmarks.
Social Life and Community
“Is it cheaper to live in an RV or an apartment?” Money isn’t everything. So keep social and community in mind.
If community and social interaction are important to you, apartment living might be a better choice. Most apartments have common areas and events that encourage interaction with neighbors, such as game rooms, pools, and fitness centers. You can also easily meet people through shared amenities like laundry facilities or outdoor spaces.
RV living can also offer a sense of community, with many RV parks organizing events and activities for residents. However, these communities may be more transient, with people coming and going frequently. Many RV enthusiasts cherish the connections and communities formed while traveling, as these interactions often create lasting friendships and a unique sense of belonging.
Work-from-Home and Remote Work Possibilities
Work-from-home options have become more prevalent in many industries. If you have the option to work remotely, RV living could be an attractive option. You can set up a mobile office in your RV and work from anywhere with an internet connection. However, it’s worth considering the availability of internet and cell service in areas where you plan to park your RV. Some remote locations may not have reliable connectivity, which could impact your ability to work effectively.
Ultimately, the decision to live in an RV or apartment comes down to your individual lifestyle and priorities. Both options offer unique benefits and challenges, so it’s important to weigh your options carefully and choose the one that best fits your needs.
Financial Benefits and Drawbacks of Each Lifestyle
When it comes down to it, the financial benefits and drawbacks of each lifestyle may play the biggest role in deciding which option is right for you. However, there are many factors to consider when making this decision.
“Is it cheaper to live in an RV or an apartment?” Think about these factors.
Potential Savings from RV Living
The most significant financial benefit of RV living is the potential for a lower cost of living and for savings on housing. While there are cost savings associated with living in an RV full-time, these can sometimes be offset by frequent repairs and maintenance costs. With no mortgage or rent payments, RV living can be significantly cheaper than apartment living. Booking stays on a weekly and monthly basis can yield substantial savings, with weekly rates often offering 10-20% discounts and monthly rates providing 30-50% savings compared to nightly rates. Living full-time in an RV can be especially cost-effective when staying stationary in cheaper campgrounds.
In addition, living in an RV can encourage a minimalist lifestyle, which can lead to further savings on expenses like groceries and clothing. RV living also allows for greater flexibility in terms of travel and location, which can lead to more opportunities for work and income.
Hidden Costs of Apartment Living
“Is it cheaper to live in an RV or an apartment?” Don’t miss these hidden costs.
While apartments might seem like a convenient and straightforward housing option, there are hidden costs to consider. Actual expenses associated with apartment living can vary significantly based on location and lifestyle. Additional expenses involved, like parking fees, laundry fees, and pet fees, can quickly add up, making apartment living more expensive than it initially appears.
Additionally, apartments often have strict rules and regulations, which can limit your ability to make changes or improvements to your living space.
However, there are also many benefits to apartment living. For example, apartments often come with amenities like gyms, pools, and common areas, which can be a significant cost saving compared to the RV lifestyle and much cheaper compared to paying for these amenities separately. Additionally, apartments typically have longer lifespans than RVs, which means you may not need to replace your living space as frequently.
Long-Term Financial Implications
When considering the long-term financial implications, both RV and apartment living have their pros and cons. RV ownership involves various costs such as the initial purchase price, ongoing expenses like insurance and maintenance, and the financial impact of financing an RV. If you plan to sell your RV down the line, you may be able to recoup some of your initial investment. High RV prices and associated loans can significantly impact your overall financial burden. If you rent an apartment, that money is just gone. Even if you live there a few years and leave, you’ll never get that money back.
Making the Decision: Which Option is Right for You?
“Is it cheaper to live in an RV or an apartment?” You’ve got more to think about.
Deciding between RV and apartment living can be a tough choice. On one hand, RV living offers the freedom to travel and explore new places. On the other hand, apartment living provides a sense of community and stability. So, how do you decide which option is right for you?
Assessing Your Priorities and Lifestyle Preferences
The first step in making this decision is to assess your priorities and lifestyle preferences. Are you someone who values mobility and the ability to travel? Or do you prefer the stability of a permanent home base? If you’re someone who loves adventure and doesn’t mind living in a small space, RV living might be the perfect fit for you. However, if you’re someone who craves social interaction and community, an apartment might be a better choice.
Consider your hobbies and interests as well. If you love spending time outdoors and exploring nature, RV living might be the way to go. But if you’re someone who enjoys the arts and culture scene in a city, then permanent living in an apartment might be a better option.
Evaluating Your Financial Situation
Another important factor to consider is your financial situation. RV living can be a smart financial decision for those looking to save money on housing costs. RV living, while rewarding, can involve significant expenses and frequent repairs that contribute to the overall RV cost. With an RV, you can avoid paying rent or a mortgage and instead pay for a monthly RV park fee. However, keep in mind that RVs require constant maintenance and repairs, which can add up over time. Routine maintenance is necessary to prevent larger issues and involves regular inspections, so budgeting for these costs is crucial. Additionally, planning for regular waste disposal is necessary for RV living, requiring stops at dump stations. RV living requires regular dumping of waste tanks at RV dump stations, adding to the upkeep.
On the other hand, apartments can provide a more stable cost since renting an apartment should stay the same cost for at least a year. If the average price of an apartment rises when your lease is up, you may end up paying extra expenses and higher rent, however. When comparing the financial implications, it’s important to consider the various monthly expenses such as financing payments, insurance, and maintenance that can accumulate significantly in RV living.
Making the Right Choice for You
Ultimately, the decision between RV and apartment living is a personal one. It’s important to take the time to assess your priorities and lifestyle preferences, evaluate your financial situation, and weigh the pros and cons of each option. By doing so, you can make an informed decision that’s right for your unique situation and needs.
Years later, she carried on the tradition with her own family, spending 2.5 years living full-time in both an 18-foot and 28-foot pull-behind RV. They explored 27 states together — facing down fires, floods, wild windstorms, and even a tumbleweed attack in Texas. Yes, that’s a real thing.
Jessica shares her experience to help other families navigate RV life, simplify their lifestyles, and make unforgettable memories. Her work has been featured on popular travel blogs, RV-focused communities, and social media where she offers practical tips on full-time RV living, budgeting on the road, and family-friendly adventures.
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