Additionally, keep in mind that you can often negotiate with hosts. But as you can see, you don't necessarily need to pay a premium for living out of Airbnbs. Obviously, prices vary by market and there are cheaper apartments available in Chicago. You also won't need to worry about any move-in fees or hiring a moving company. Now, consider that the Airbnb is fully furnished and doesn't require a 12-month commitment and you're already coming out ahead. We're now at a $300 difference between renting this home through Airbnb versus directly through the building. You don't need to worry about any bills or paperwork when living out of Airbnbs. There's a unit that matches our criteria hosted by a professional management company available for $3,100 per month, including all fees. Let's pretend that we're looking to move to a two-bedroom, two-bathroom apartment in a modern building (community gym, in-unit laundry, etc.) in Chicago's South Loop neighborhood. When you crunch the numbers and factor in expenses like utilities and furniture, you can indeed save money by living out of Airbnbs. Want more travel news and advice from TPG? Sign up for our daily newsletter. You can earn thousands of points and miles from your "rent" each month and enjoy the flexibility of moving whenever you wish. Plus, there are lots of perks that come with it. Over 80% of Airbnb hosts now accept longer-term stays and there's been a significant uptick in these types of bookings - even pre-COVID.Ĭontrary to common belief, living out of Airbnb full-time can actually work out cheaper than a traditional lease. Over the past few months, Airbnb has introduced a number of features aimed at pushing the platform toward more monthly and longer-term stays. However, Airbnb can also be a great solution for long term housing. From ski vacation homes to beach houses, to RVs and everything in between, Airbnb offers it all. When most people think of Airbnbs, they focus on short-term vacation rentals. Update: Some offers mentioned below are no longer available.
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