Airbnb Just Made It Much Easier to Rent Your Apartment Long-Term

The company found that 75% of U.S. adults it polled are in favor of allowing renters to share apartments for short-term periods.

learn more about Emily Rella

By Emily Rella • Nov 30, 2022

Getty Images

Airbnb has become a great way for visitors and vacationers to find affordable, lived-in places to stay during their travels. But if you're looking to stay in a big city, large apartment buildings are often out of reach due to strict rules shunning rentals through Airbnb.

But this week, the company revealed its newest initiative featuring Airbnb-friendly apartments —around 175 pre-approved buildings for apartment rentals in more than 25 major metro areas in the U.S.

Renters who are interested in being longer-term or frequent hosts can check through the list of Airbnb-approved buildings and use the platform's tools to estimate potential monthly earnings based on leasing prices, how many guests would be staying, etc, should they decide to lease from one of the website's pre-approved buildings. The new initiative is ideal for prospective hosts looking for a new apartment or a new lease in one of the 25+ cities that the Airbnb-approved apartments are in.

Airbnb will also give those users direct contact access to building management and leasing offices to make the process easier and more streamlined. The feature is set to expand to more cities in the coming months.

"As the cost of living continues to rise, renters can use the extra income earned by hosting part-time on Airbnb to contribute to their rent, save for a home, or pay for other living expenses," Nathan Blecharzyck, Airbnb Co-Founder and Chief Strategy Officer said in a company statement.

The company reports that per results of a recent poll, almost 75% of U.S. adults are in favor of allowing renters to share apartments for short-term periods, also noting that 41% of Airbnb hosts say that their primary reason for renting is to cover the increasing cost of living in the U.S.

Airbnb has put limitations on how many nights per calendar year each renter can host Airbnb guests, and notes that the new program is intended for renters who want this property to be their primary residence (instead of renters snatching up multiple properties in hopes of monopolizing the rental market in each building).

The company has implemented other major changes in the past six months in order to make using the platform a more user-friendly experience for both renters and guests.

In July, Airbnb rolled out a permanent ban on parties and gatherings inside rented properties, with occupancy for all properties hitting a max of 16 people.

RELATED: Airbnb Is Trying to Get More 'Everyday' People To Host With This New Feature

Earlier this month, CEO Brian Chesky told users that the company would be revamping its cleaning fee and checkout policies that are often complained about, including more transparent prices that include cleaning fees and asking hosts to not make unreasonable checkout requests of guests upon their departure.

Airbnb was up just shy of 6% in a 24-hour period on Wednesday afternoon upon the news.

Emily Rella

Entrepreneur Staff

News Writer

Emily Rella is a news writer at Entrepreneur.com. Previously, she was an editor at Verizon Media. Her coverage spans features, business, lifestyle, tech, entertainment, and lifestyle. She is a 2015 graduate of Boston College and a Ridgefield, CT native. Find her on Twitter at @EmilyKRella.

Related Topics

Editor's Pick

Have More Responsibilities at Work, But No Pay Bump? Use This Script to Get the Raise You Deserve.
Black and Asian Founders Face Opposition at All Levels — Here's Why That Has to Change
Business News

Frontier Airlines Just Announced Its All-You-Can-Fly Summer Pass for $399. What's the Catch?

As travel begins to pick up, the airline hopes unlimited travel will jumpstart its business.

Thought Leaders

5 Small Daily Habits Self-Made Millionaires Use to Grow Their Wealth

We've all seen what self-made millionaires look like on TV, but it's a lot more subtle than that. Brian Tracy researched what small daily habits these successful entrepreneurs adopted on their journey from rags to riches.

Business News

Mark Cuban's Grocery Store Hack Will Help You Score Cheaper Produce

The billionaire talked about his early days in Dallas when he was strapped for cash.

Growing a Business

The Success of Your PR Campaign Depends on These 3 Essential Elements

A successful PR campaign requires these three critical ingredients to ensure you're on the right path to success.