Facts on How to Find Short-Term Rentals

Looking for short-term rentals near me can be the ideal solution when you need temporary housing for a few days, weeks, or even months.

Whether you’re traveling, on a work assignment, or waiting for your new home to be ready, short-term rentals offer comfort and flexibility. In this article, we’ll cover how to locate short-term rentals, provide pricing estimates, and share important statistics to help guide your decision.

Why Choose Short-Term Rentals?

Short-term rentals offer a unique combination of convenience and a home-like experience, often with fully equipped kitchens, laundry facilities, and private living spaces. Data from AirDNA shows that the short-term rental market is projected to grow by 8.9% annually, reaching $133.3 billion by 2025. This surge in demand is driving more availability and options for renters looking for short-term accommodations.

Best Ways to Find Short-Term Rentals Near Me

Online Platforms and Apps

Several trusted websites and apps specialize in short-term rentals:

• Airbnb: Known for its wide variety of options, from single rooms to entire houses. The average nightly price for an Airbnb rental in the U.S. is around $207, but prices in larger cities can be as high as $250 or more.
• Vrbo: Primarily a vacation rental platform, Vrbo offers similar services to Airbnb. Prices average $190 per night for city rentals but can vary depending on location and season.
• Booking.com: Originally focused on hotels, Booking.com now includes short-term apartment rentals. Rates average $150 per night, but prices fluctuate depending on demand.
• Zillow: Though mainly for long-term housing, Zillow features short-term listings, particularly sublets. Monthly rates range from $1,200 to $3,500, depending on location and property type.

Social Media & Local Listings

Social media platforms and classifieds can be useful for finding short-term rentals locally:

• Facebook Marketplace: A growing number of people are listing short-term rental options here. Prices start from $500 per month for a room and can go up to $2,800 for a full apartment.
• Craigslist: A classic platform for finding local rentals, Craigslist has a wide range of sublets and short-term rental options. Rooms may be available for as low as $400 per month, though it’s essential to be cautious and verify listings.

Working with Real Estate Agents

Local real estate agents often have access to short-term rental listings that aren’t advertised online. These agents can help find furnished or unfurnished rentals tailored to your needs. Pricing for furnished rentals sourced through an agent typically ranges from $2,000 to $5,000 per month, depending on the location.

Property Management Firms

Property management companies may offer a range of short-term rentals, particularly furnished apartments. You can find local property management companies by searching for those that specialize in short-term leasing. Costs usually range from $1,500 to $6,000 per month, depending on the property’s size, location, and amenities.

Extended-Stay Hotels

If you need short-term housing but want more amenities than an apartment might offer, consider extended-stay hotels. Brands like Extended Stay America, Marriott Residence Inn, and Hilton Homewood Suites offer comfortable, fully furnished rooms with discounted rates for long stays. Nightly rates usually range from $100 to $150, with month-long stays averaging between $2,500 and $4,000.

Pricing Estimates for Short-Term Rentals

Prices for short-term rentals vary based on location, size, and other factors. Here’s an overview of what you can expect to pay:

• Urban areas: $2,500 to $6,000 per month
• Suburban areas: $1,500 to $3,000 per month
• Rural areas: $800 to $2,500 per month
• Popular vacation spots: $3,000 to $7,500 per month

Global Market Trends

According to Statista, the vacation rental market in the U.S. was valued at over $19 billion in 2023 and is expected to continue growing as more travelers and renters look for flexible housing solutions. Additionally, the average length of stay in a short-term rental has increased to 8.4 days, reflecting a rising preference for extended, temporary stays.

Key Considerations Before Booking a Short-Term Rental

Before finalizing a short-term rental, keep these important factors in mind:

• Lease Terms: Ensure you understand the rental agreement, including the length of stay and any early termination penalties.
• Security Deposits: Expect to pay a security deposit, which can range from $200 to $1,000 depending on the property.
• Amenities: Check for essential features like Wi-Fi, parking, and kitchen facilities. These can vary depending on the property.
• Location: Properties in desirable areas like downtowns or tourist attractions typically cost more.

Final Thought on Finding Short-term Rentals

Finding short-term rentals near me is more accessible than ever thanks to a variety of online platforms and local resources. Whether you’re searching for a cozy Airbnb for a week or need a furnished apartment for a couple of months, there’s no shortage of options. Prices vary widely based on location and the type of rental, but with proper research and planning, you can find a short-term rental that fits both your budget and your needs.

By utilizing these resources and considering factors like pricing, lease terms, and amenities, you’ll be better equipped to find the perfect short-term rental.