An individually owned condo and a managed apartment can both be good rental options. The difference is who makes the decisions, who handles the unit and what approvals you need. Neither format automatically means cheaper rent, faster approval or a guaranteed renewal. relatedSlugs: ['miami-apartment-move-in-costs', 'miami-apartment-hidden-fees', 'edgewater-vs-brickell-miami'] cta: 'Text Don your move date and the condo or apartment listings you are considering. Include any known approval deadline so it can be part of the search.'