Basement apartment

[1] Homeowners will typically rent out basement apartments to tenants as a way to earn additional income so as to offset living expenses.

Tenants will provide income to the home owner, reducing expenses, and equity will grow as the value of the property increases.

When Hurricane Ida passed over the northeast of the United States as an extratropical storm, most of the deaths were caused due to flooding in basement apartments.

[8][9] A number of noted artistic achievements have occurred in basement apartments occupied by struggling authors, painters, and musicians.

Ruth McKenney based a series of stories in The New Yorker, later republished in the book My Sister Eileen, on her experiences living with her sister in a moldy, one-room basement apartment, directly adjoining the Christopher Street subway station on the 1 and ​2 trains, at 14 Gay Street, in Greenwich Village for which she paid $45 a month (equivalent to $970 in 2023).