How to Price Your Furnished Mid-Term Rental

The Mid-Term Pricing Advantage

Mid-term rentals — 1 to 3 months — typically command more per month than long-term leases but less than nightly short-term rates. The sweet spot is higher revenue than a 12-month lease with far less turnover than Airbnb.

As a general benchmark, well-positioned mid-term furnished rentals earn 20–40% more per month than equivalent unfurnished long-term rentals in the same area. That premium reflects the value of furnishings, flexibility, and the all-inclusive nature of most mid-term arrangements.

Step 1 — Know Your Market

Before setting a price, research what comparable furnished rentals in your area are charging. Look at:

• Furnished Finder — search your zip code and filter by bedroom count. This is the largest mid-term rental database and gives you a direct market comparison.
• Airbnb monthly stays — search for 30+ day stays in your area. Airbnb monthly pricing is often higher than dedicated mid-term platforms, so use this as a ceiling reference.
• Facebook groups — search "travel nurse housing [your city]" and see what landlords are charging.
• Local Craigslist furnished rentals — a rough benchmark for your market floor.

Note the price range for properties similar to yours in size, location, and amenities. Your target should be in the middle to upper end of this range.

Step 2 — Understand the Travel Nurse Stipend

If you're targeting travel nurses — and you should be — understanding their housing stipend is critical. Travel nursing agencies pay a monthly housing stipend that varies by location. Nurses want to stay at or below this stipend so they can keep the difference tax-free.

Typical housing stipends by market size:

Price your rental at or slightly below the local stipend ceiling. A nurse whose stipend is $2,200/month and finds your place for $2,000/month is going to be very motivated to book.

Step 3 — Factor in What You Include

All-inclusive pricing — where utilities, Wi-Fi, and parking are included — is significantly more attractive to travel nurses than a base rent with add-ons. Calculate your average monthly utility cost and build it into the rent.

For example, if your base market rent for a furnished 1-bedroom is $1,800 and your average monthly utilities are $150, an all-inclusive price of $1,950–$2,000 is justified and attractive to nurses who want predictable costs.

Amenities that justify higher pricing:

• In-unit washer and dryer (+$150–250/month premium)
• Parking included (+$100–200/month in urban markets)
• Gym access or pool (+$50–100/month)
• 5 minutes or less to hospital (+$150–300/month)
• Pet-friendly (+$100–200/month)

Step 4 — Test and Adjust

If your listing has been live for 2 weeks with no serious inquiries, your price is likely too high for your market. Drop it by 5–10% and see if inquiries increase.

If you're getting multiple inquiries within days of listing, you may be priced too low. Consider raising your rate by $100–200/month on your next booking.

The goal is to find the price point where you get 2–4 qualified inquiries per week. That tells you demand matches your price.

Seasonal Considerations

Travel nursing demand fluctuates throughout the year. Hospital staffing needs tend to peak in winter (flu season) and summer (vacation coverage). You may be able to charge slightly more during these periods.

Consider offering a small discount for longer commitments — a nurse who books 3 months straight is worth more than three separate 1-month bookings because you avoid vacancy gaps and turnover costs.

A Simple Pricing Framework