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You continue renting, but you’re vulnerable to rising average rents. That’s right. The average rent in the US is high enough to make housing unaffordable for some. Here’s what you should know about average rents. The average rent for a studio apartment is $1,059 and the average rent for a one-bedroom apartment is $979.
Short-term rental describes furnished self-contained apartments that are rented for short periods of time, usually by the month as opposed to annual rentals in the unfurnished apartment rental market. They are seen as an alternative to hotels.
Monthly rent is the amount of rent charged every month that the tenant will occupy the apartment, condo or house a full month. For example, a tenant might pay $900 per month. $900 x 12 = $10,800 in rent per year.
Short-term apartments are also called temporary housing solutions, or corporate housing when referred to in the sense of businesses housing employees. Regardless of the term used, the purpose is to provide comfortable housing for anyone in a transitional period or on temporary assignment.