White two-story home with front porch and greenery
Setting the right rental price is one of the most important decisions you’ll make as a mid-term rental host. Whether you’re just getting started or adjusting to market trends, smart pricing can help you attract professional tenants and earn higher returns—without overpricing and scaring away leads.
Let’s explore how to price your mid-term rental for maximum profit.
What Are Mid-Term Rentals?
Mid-term rentals (MTRs) are fully furnished properties available for 30 days or longer. They provide a flexible and comfortable option for traveling professionals, relocating families, and anyone needing housing between short-term and long-term options.
Rental Type Breakdown:
- Short-Term: 1–29 days (e.g., Airbnb, Vrbo)
- Mid-Term: 30+ days (great for nurses, business travelers)
- Long-Term: 12+ months (traditional lease agreements)
These mid-length stays offer a perfect balance of profitability and stability. Tenants typically stay 1–3 months and treat your space like home.
Why Pricing Matters in the Mid-Term Market
Mid-term rentals typically earn 1.5x to 2x more than long-term rentals—while avoiding the constant turnover and setup costs of short stays. However, pricing too high can lead to long vacancies. Pricing too low means leaving money on the table.
Smart pricing allows you to:
- Attract the right audience (travel nurses, digital nomads, insurance clients)
- Maximize occupancy
- Stay competitive in your area
- Maintain consistent monthly cash flow
How to Price Your Mid-Term Rental for Profit
Your ideal price depends on a few key factors:
1. Base Your Mid-Term Rental Rate on Local Long-Term Rent
A good benchmark is charging 1.5x to 2x your area’s standard long-term rent for a comparable property. Use platforms like Zillow or Rentometer to research long-term rates in your zip code.
2. Add the Cost of Furnishings and Utilities
Mid-term renters expect a fully furnished space and all utilities included. Don’t forget to include the cost of:
- Furniture
- Wi-Fi and streaming services
- Utilities (electricity, water, gas)
- HOA fees or cleaning services
3. Adjust Mid-Term Rental Rates for Seasonality
Rates often increase in summer or peak relocation seasons. Winter months may require slight discounts to maintain bookings. Adjust monthly based on local trends.
4. Set a Rental Price Based on Target Tenant Type
Are you targeting travel nurses? Corporate clients? Relocating families? Each audience has different budget expectations. Pricing must reflect the value they seek.
5. Use MiniStays Market Insights
Platforms like MiniStays.com give you real-time market insights based on current supply and demand. Compare similar listings in your area to stay competitive and profitable.
When and How to Adjust Your Mid-Term Rental Pricing
Your first pricing strategy isn’t your last. As you gather reviews, build a tenant base, and improve your unit, revisit your pricing every 1–3 months.
Make adjustments when:
- Your unit stays vacant longer than expected
- You receive consistent booking requests at a lower rate
- You upgrade furnishings or add amenities
Mid-Term Pricing Tips for Success
- List weekly or monthly rates clearly
- Offer small discounts for multi-month bookings
- Be flexible with pricing for repeat tenants or slow seasons
- Keep availability updated to show confidence in your rates
List Your Rental on MiniStays for Maximum Exposure
Platforms like MiniStays.com help you connect with tenants who are actively searching for 30+ day furnished housing. With a low 2% fee, full control of pricing, and no hidden booking costs—you keep more of your rental income.
Why Hosts Choose MiniStays:
- Free to list with direct tenant contact
- Support for insurance housing placements
- Real-time analytics to guide your pricing
- Trusted by travel nurses, insurance providers, and corporate travelers
Final Thoughts
Your pricing strategy should reflect your value, your costs, and your market. With a well-priced mid-term rental, you can achieve consistent bookings, reliable income, and satisfied tenants.
Use MiniStays.com tools, track performance, and adjust as needed—and you’ll find your pricing sweet spot.
