Urban floods are usually caused by the lack of drainage capacity. Hence, sewer capacity expansion methodology by replacing small pipes with bigger ones is primarily applied as a flood control measure. However, this approach is often unreasonable because of the costs and time involved. Thus, the installation of underground rainwater storage tanks with the two advantages of flood control and water conservation is proposed. This study compared the effectiveness of flood control by both the sewer expansion methodology and rainwater storage tanks using the Storm Water Management Model. Three cases were simulated in this study. The first case analyzed flood reduction by the storm sewer expansion methodology. The simulation results indicate that the overflow volume from manholes was reduced by 49% with this methodology. The second case analyzed flood reduction by installation of rainwater storage tanks. The simulation results indicate that the overflow volume was reduced by 62%. However, these two cases could not prevent urban floods completely. Hence, the third case analyzed the joint application of the storm sewer expansion methodology and rainwater storage tanks. In this simulation, flooding did not occur. Consequently, the results of this study clearly show that underground rainwater storage tanks are more effective for flood control than capacity expansion of storm sewer. Furthermore, the joint application of these two flood control measures is more effective than their separate application.