The rental rates for short-term lease apartments in West Palm Beach are generally more costly than long-term alternatives. This is because of some of the following reasons:
- Increased demand: Short-term rentals in Palm Beach are limited in availability due to high interest. This is even more so for rental properties in popular areas or during the peak season,
- Types of Furnishings and Amenities: Furnished short-term rentals contain high-end furniture and amenities that rival luxury hotels. Hence, why the price may be high
- Utilities provided: The essentials provided to ensure the renter’s convenience are not without cost. These services are usually provided by external companies and paid by the landlord. This expense is reflected in the rental costs.
- Maintenance and Cleaning: Short-term rentals typically require more frequent cleaning and maintenance compared to long-term rentals since the renter would leave much earlier. These expenses also contribute to the price.
- Peak Seasons and Off-Peak Seasons: The seasons also determine prices. Short-term rentals are more expensive during peak season.
- Profit and returns: On the part of the landlord, short-term rentals offer less profit and financial security compared to long-term rentals. With this in mind, landlords would typically offer lower rent prices for long-term leases to encourage these types of renters. This also means short-term leases are more costly on average.
Palm Beach County short-term rentals are a flexible, luxurious, and convenient option for people looking to experience the delight of West Palm Beach without making a long term commitment. These rentals come packaged with furnishings, utilities, and amenities, that make everyday living comfortable. However, alongside these benefits are a price tag higher than that of long-term rental properties.
Nonetheless, the thousands who visit the coastal location every year would agree that it’s worth it!