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City Guide / Miami

Short-Term vs. Long-Term Rentals in Miami

By Landing | May 16, 2021

Whether you’re considering a short-term or long-term move to Miami, you can be sure that you’re about to experience the adventure of a lifetime in this diverse city on the coast. Between its sandy beaches, exciting nightlife, and some of the best restaurants Miami has to offer, you’ll have plenty to see and do, regardless of how long you stay. But, in the meantime, you’ll have to make some major decisions when it comes to what kind of apartment in Miami you’ll live in during your stay.

By renting in Miami, you’ll have your own space that a landlord or property owner will look after, and you can take advantage of the many emerging apartments, homes, and condos that are used as vacation rentals in Miami, as well as great long-term rentals that you can call home for a while. 

Let’s take a look at the difference between long-term and short-term rentals in Miami so you can decide which apartment type is right for you. 

Why are you moving to Miami?

When deciding between a short-term or long-term stay, you’ll first need to take into account what is bringing you to Miami. If you intend to make it your primary residence moving forward, you’ll want a place you can make your own. Planning on staying for a year or more? Consider starting the application process for an official long-term lease. 

On the other hand, if you’re looking to stay for a couple of weeks or months, a short-term apartment rental with flexible lease terms will be more your speed. This is also a great option if you’re looking for a vacation home in Miami or are traveling on business. Most short-term rentals are fully furnished apartments with great bedrooms and sought-after amenities such as concierge services, pools, and pet-friendly rules. 

Search for great apartments in good neighborhoods

No matter what type of rental you commit to, you’ll want to search for the right neighborhoods in Miami and a reputable, cost-effective property management company. Start by looking for furnished apartments in Miami that have current vacancies. Having a list of apartments at your disposal will allow you to weigh your options and research different areas of Miami. Do you want to be by the beach or in the heart of the city? Would you rather settle in the suburbs? How much can you afford, and what apartments fit within that price range? 

Regardless of whether you’re doing a short-term rental or a long-term lease, you’ll want to find the perfect place to settle for however many calendar days you need. 

The cost difference of a short-term vs. long-term rental

The biggest difference between a short-term and long-term agreement is the cost. When you commit to a long-term rental, your monthly lease term payments tend to be lower, since your landlord knows you are a committed renter and tenant. However, this cost savings can be significantly offset by fees such as security deposits or up-front rent costs, so be prepared to have a chunk of change on hand to facilitate the lease agreement. 

While a short-term rental allows you flexibility and freedom, it will cost more per month to rent a space. However, when renting from a company like Landing, you don’t have to pay as much up front for security deposits or other costs. And, different short-term contracts allow you to explore new areas of Miami and try living in different fully furnished vacation homes. Or, if you’re digging your current spot, you can stay indefinitely or renew your apartment down the line. 

Miami is the perfect spot to settle down, whether you’re looking to live there full-time or only a few weeks a year. Landing offers fully furnished apartments in Miami that are a great fit for people looking for shorter stays. Browse our available apartments in Miami today! 

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About the author

Landing

Fred may be the world's slowest typist and struggle to hold a pen, but he has mastered how to pursue a more flexible lifestyle throughout his airborne adventures around the U.S. Whether you're looking for more information before migrating to a new city or want to find an easier way to rent a nest—erm, apartment—Fred will always be here to share his best advice for where to live and how to thrive.