The current research seeks to understand the relationship between residential satisfaction and place attachment by assessing where significant differences exist in the social environment among people living in low-rise and high-rise housing estates in Budapest, Hungary. The study employed multistage sampling techniques to collect information on the social environment and the residential satisfaction of individuals living in Budapest’s low-rise and high-rise housing estates. The data consisted of 213 participants over the age of 18. Results reveal that a decrease in the number of dependents within both high-rise (p = 0.013) and low-rise (p < 0.001) estates, as well as smaller household sizes in both high-rise (p = 0.013) and low-rise (p = 0.005) estates, aligns with lower satisfaction with the social environment. Habitability indices suggest that low-rise estates generally foster a more positive perception of the social environment, stronger community connections, and higher trust among neighbours, supporting the hypothesis that residents in high-rise estates may be dissatisfied with their social surroundings. Notably, the logistic regression analysis highlights a negative association (β = −0.12) between the satisfaction index (SI) and overall satisfaction in high-rise housing, emphasizing that higher SI values are linked to lower odds of satisfaction in this context. Conversely, the low-rise model shows a statistically significant positive association (p < 0.005) between SI and overall satisfaction. Thus, the size of the residential building does matter when it comes to individuals feeling attached to their residential environment.