Mid-Term Rentals: How to Rent Out Your Airbnb Medium Term

Mid-Term Rentals

Disclosure: This post may contain affiliate links. If you click on a link I may make a small commission at no extra cost to you. You can read the full disclosure here.

Last Updated on September 3, 2022 by Chris Panteli

Mid-Term Rentals

When most people think about rentals, they think about short-term vacation rentals or year-long leases. But there is a middle ground that thousands of guests are looking for in the US. 

If you find it difficult to fill your calendar in the off-season or there isn’t much demand for a vacation rental in your area, renting out your Airbnb medium-term could be ideal. 

This guide will show you everything you need to know about mid-term rentals and how you can get started with a medium-term rental business. 

If medium-term rentals aren’t right for you, have you considered house hacking? This is another excellent way to live for free and make a profit using the Airbnb model. Check out our house hacking guide to learn more. 

How Does Earning An Extra $1000+ Per Month Sound? 👇

If you sign up as an Airbnb host through our link, then you can receive a completely FREE 30-minute call with our CoFounder, Nick, who will show you exactly how to set up your Airbnb profile to become a superhost. He’s crushing it and will give you the exact steps he uses to make over $1000 per month. Just sign up with the link above, and send us an email.

What are Mid-Term Rentals?

What are Mid-Term Rentals?

A mid-term rental is a tenancy agreement that lasts between three and eight months. It’s an alternative to short-term vacation rentals but not as much of a commitment as a long-term rental. 

Mid-term rentals are ideal for people looking for temporary housing for a specific period. Some of the guests you could target include:

  • Traveling nurses
  • People being relocated
  • Business travelers
  • Digital nomads
  • People looking for temporary accommodation after a natural disaster
  • Military personnel between deployments

Medium-term rentals are trendy in Europe but still emerging in the US. This means there is a gap in the market to provide quality mid-term accommodation in cities throughout the US.

Pros and Cons of Mid-Term Rentals

It’s important to know the pros and cons before starting a mid-term rental business.

✅ PRO: More stability

When you rent out a property short-term, it can be stressful finding enough guests to fill your calendar every month. 

Renting mid-term means you’ll have guests for longer, giving you a more consistent rental income. The average occupancy rate is around 87% for a mid-term rental. 

❌ CON: Less revenue

A mid-term rental earns less per night than a short-term rental. People are willing to pay a premium for a vacation rental for one to two weeks, but mid-term guests need more affordable rates since they stay longer.

✅ PRO: Good for the off-season in seasonal cities

Mid-term stays are a great way to fill your calendar in the off-season. If you already get a lot of reservations during the summer or around events, you can have the best of both worlds and keep your property full year-round. 

❌ CON: Harder to find tenants

There is a much smaller pool of guests looking for a medium-term rental. It takes more effort marketing since it’s a more specialized niche. 

✅ PRO: Allowed in cities that ban STRs

Many cities don’t allow short-term rentals, so offering mid-term leases is a way around this. Check your local regulations to ensure mid-term rentals are permitted and the insurance you’ll need.

Are Mid-Term Stays Right for You?

Are Mid-Term Stays Right for You?

Not all Airbnb properties are suitable for a mid-term stay. Before you change up your marketing strategy, figure out if there is demand in your area. 

Large cities like New York usually have a high demand for mid-term rentals because professionals need them when traveling for business. 

But if you’re near a business district or large hospital, you might also find high demand for longer stays.

What to Consider Before Renting Your Pad Mid-Term

If there is high demand for mid-term rentals in your area, here are some things to consider before finding your first guests.

Pricing

Renting out short-term gets a higher nightly rate than mid-term. You’ll need a different pricing structure if you plan on offering longer stays.

Research mid-term rentals in your area and figure out a competitive pricing strategy. Remember, you’ll save money on booking fees and cleaning teams, and there’s less chance of empty slots. 

Managing a mid-term rental

It takes significantly fewer hours to manage a mid-term rental compared to a short-term:

  • You’ll spend less time on check-ins and check-outs
  • Fewer deep cleans between guests
  • Less time spent communicating with potential guests

However, it’s also important to know that mid-term renters expect more from the property. You’ll need to include more amenities, offer quiet hours, and be on-hand for maintenance issues. 

The laws around mid-term housing differ between cities, so you’ll need to look up your local regulations to make sure you follow all your local laws. 

Many cities don’t allow short-term rentals or Airbnb subletting, but mid-term stays offer a workaround. Unlike vacation rentals, you’ll probably have to provide tenancy contracts, and you’ll be legally considered a landlord. 

Amenities 

When setting up a mid-term rental property, think of it more as temporary housing than an Airbnb apartment. 

Traveling nurses and business professionals will expect:

  • Quality furnishings and modern furniture
  • Fast WiFi, cable TV, and entertainment packages
  • White goods and a coffee machine
  • Quality linens
  • Laundry facilities
  • Quiet hours

The more amenities you can offer, the easier it will be to attract mid-term guests. 

Where to Find Medium-Term Renters

Where to find medium-term renters

Airbnb is one of the best platforms for booking short-term stays, but it can be harder to find mid-term guests on that platform alone. 

Here are some tips for finding the best medium-term renters on some of the most popular platforms:

  • Furnished Finder – popular with traveling nurses and business professionals looking for temporary accommodation for up to nine months.
  • Airbnb – make sure to set a higher minimum stay during your off-season to attract mid-term renters. 
  • Facebook Groups – there are tons of local groups dedicated to temporary housing. Find active groups in your city to advertise your property.  
  • Housing Anywhere – this site is more prevalent in Europe, but it does list major US cities. 
  • Kopa – another popular site for mid-term housing that is popular with business travelers. 

Next Step: Optimize Your Listing

Does the mid-term rental market sound right for your property? There’s a lot to consider, but it can be a great way to fill your Airbnb during the off-season. 

Short and mid-term stays work great as a combined strategy, giving you the best of both worlds depending on demand. 

If you’re just starting out in the Airbnb market and want to get your very first guests (for a short-term or mid-term stay), check out our following guide on how to rent out your house on Airbnb for everything you need to know. 

Mid-Term Rentals

Airbnb Superhost

How Does Earning An Extra $1000+ Per Month Sound? 👇

FREE 30-minute call with our CoFounder, Nick, who will show you exactly how to set up your Airbnb profile to become a superhost.​
He’s crushing it and will give you the exact steps he uses to make over $1000 per month. Just sign up with the link below, and send us an email.
Start making life-changing money with Airbnb RIGHT NOW!
close-link
BINGO CASH: Get Up to $83 Per Win In Minutes 
close-image
Scroll to Top