Housing that’s been built for the purpose of renting to tenants is called ‘purpose-built rental.’ Apartment buildings are a common type of purpose-built rental. The housing is owned by a individual or a private company and may be managed by the owner or by a hired property manager. Units vary widely based on location, age and condition of building. The owner of the property sets the amount to be paid for rent based on the local housing market.Housing Definitions
Emergency
Transitional
Supportive
Low Income Rental
Market Rental
Source - http://www.homelesshub.ca/blog/infographic-types-affordable-housing