Building is different from the general commodities and needs to maintain the function and performance to get the living condition. Building deterioration occurs naturally with time elapse. Deterioration reasons are various. These are physical, functional, social and second physical aspect. Building would inevitably be deteriorated and need to repair various building part and materials. It gets to arrive at repair or rebuilding time until any management activity is meaningless. It is important to decide the rebuilding time in a management cost. In this paper, it aimed at analyzing the management annual cost and provide a rebuilding time of a apartment housing with a deterioration curve model. Results of this study are as follows : Most of the building has started to deteriorate in 40 years when the performance of building downgrades to 20%. After it past about 40 years, the deterioration rate is faster than the earlier 40 years. Fourth, the rebuilding time of an apartment housing is recommended about 45 years if the building service life has 60 years.