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It is legal for you to own a handgun.
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Yes, it is. You just can't buy one I believe.
As far as the firearm in the apartment. azredhawk44 is right. I'm not offering any sort of legal advise, just general advise. If you choose to keep a firearm in the apartment, don't even let your roommate(s) know you have it. Say if you were to get a shotgun, or if someone were to give you a handgun and some ammo, stash is it somewhere safe, secure, and yet easy to get to. Don't tell anyone you have it, don't leave the weapon or ammo boxes or anything laying around. This is all just lessons I have learned from personal experience.