Short-term rental vs long-term rental – what are the differences? Each of these rental models offers different benefits worth considering before making a decision. Let's look at the differences and similarities between these two rental forms.
What is short-term rental?
Short-term rental usually refers to renting a property for a period from a few days up to a maximum of several months. It is a popular solution among tourists, business travelers, or people who need temporary accommodation for a short period.
Main advantages of short-term rental:
- Flexibility – the possibility to rent for a few days, weeks, or months.
- Fully equipped apartments – properties are often offered fully furnished, eliminating the need to buy furniture or appliances.
- Possibility to change location – short-term rental allows frequent changes of place of stay, which is ideal for mobile people.
What is long-term rental?
Long-term rental refers to a lease agreement that usually lasts at least 12 months. It is a solution for people planning to settle in one place for a longer period, e.g., for work, studies, or family life.
Main advantages of long-term rental:
- Stability – longer lease agreements provide a greater sense of security and stability.
- Lower monthly cost – compared to short-term rental, long-term rental usually has lower monthly costs.
- Possibility to negotiate the contract – long-term rental allows negotiating contract terms, such as rent amount or length of the notice period.
Short-term vs long-term rental – differences
Short-term and long-term rentals mainly differ in contract duration but also in price, flexibility, and expectations related to the rented property.
- Price: calculated monthly, short-term rental is usually more expensive because it includes additional services like cleaning or utilities in the rent. Long-term rental is cheaper per month but requires a long-term commitment.
- Flexibility: short-term rental is more flexible as it allows frequent changes of residence. Long-term rental provides greater stability.
- Equipment: short-term rental typically includes fully equipped apartments ready to move in immediately, whereas long-term rental may require purchasing your own furniture.
- Target group: short-term rental is mainly aimed at tourists and people on short trips, while long-term rental suits those seeking stability, such as employees, students, or families.
When to choose short-term or long-term rental?
The choice between short-term and long-term rental depends on individual needs. If you plan a short stay, business trip, or vacation, short-term rental is a better solution. However, if you plan to settle in one place longer, consider long-term rental for stability and lower costs.
Summary
Comparing short-term and long-term rentals highlights the variety of options available depending on needs and lifestyle. They differ primarily in lease duration, flexibility, and costs. The decision to choose one of these options should be based on individual preferences and future plans.
If you are interested in short-term rental, check our Tricity apartments, including the Gdańsk apartment.
