The type of housing is called "apartment", because it's a part of a larger building.
A condominium is an apartment that is owned by an individual, who then pays maintenance fees to the condominium association, who in turn manages the building.
If you own a condo, you may be allowed to rent it out to someone else.
A more common option for rental apartments is that a landlord of some sort (an individual, a corporation, etc) owns an entire building, and rents out all apartments.
A condominium is an apartment that is owned by an individual, who then pays maintenance fees to the condominium association, who in turn manages the building.
If you own a condo, you may be allowed to rent it out to someone else.
A more common option for rental apartments is that a landlord of some sort (an individual, a corporation, etc) owns an entire building, and rents out all apartments.