How Much Does It Cost to Stay at an Extended Stay for a Month?
Traveling or relocating for an extended period can be a daunting task, especially when it comes to finding affordable and comfortable accommodation. Extended stay hotels have become a popular choice for those seeking a home-away-from-home experience, offering a blend of hotel amenities and residential comforts.
However, the cost of staying at an extended stay hotel for a month can vary greatly depending on various factors.
If you’re short on time, here’s a quick answer to your question: The average cost of staying at an extended stay hotel for a month can range from $1,500 to $4,000, depending on factors such as location, room type, amenities, and seasonality.
In this comprehensive article, we’ll delve into the details of extended stay hotel costs, exploring the factors that influence pricing, tips for finding the best deals, and strategies to maximize your budget.
Whether you’re a business traveler, a digital nomad, or simply seeking temporary accommodation, this guide will provide you with valuable insights to help you make an informed decision.
Understanding Extended Stay Hotels
What are Extended Stay Hotels?
Extended stay hotels, also known as apartment hotels or suite hotels, are a type of accommodation designed for travelers who require a longer stay, typically for a week or more. These hotels offer spacious suites with fully-equipped kitchens, living areas, and separate bedrooms, providing a home-like environment away from home.
They cater to a diverse range of guests, including business travelers, families, and individuals undergoing relocation or renovation projects.
Amenities and Services Offered
Extended stay hotels strive to provide a comfortable and convenient experience for their guests. Here are some common amenities and services offered:
- Fully-equipped kitchens with full-size appliances, cookware, and utensils
- Separate living and sleeping areas for added privacy
- Complimentary breakfast or grab-and-go options
- On-site laundry facilities (either in-suite or shared)
- High-speed internet access and workstations
- Fitness centers and swimming pools (at some locations)
- Weekly housekeeping services and linen changes
- Grocery delivery services (available at select locations)
These amenities are designed to make guests feel at home and provide the convenience of a fully-furnished apartment without the long-term commitment.
Benefits of Choosing Extended Stay Hotels
There are several advantages to choosing an extended stay hotel for your long-term accommodation needs:
- Cost-effectiveness: Extended stay hotels often offer discounted rates for longer stays, making them a budget-friendly option compared to traditional hotels or short-term rentals.
- Flexibility: With no long-term lease or contract required, extended stay hotels provide the flexibility to extend or shorten your stay as needed.
- Privacy and space: The suites offer separate living and sleeping areas, providing more privacy and space than a standard hotel room.
- Convenience: With fully-equipped kitchens and on-site amenities, extended stay hotels offer the convenience of a home while traveling.
- Ideal for families: The spacious suites and home-like environment make extended stay hotels an excellent choice for families traveling together.
According to a survey by Hotel News Resource, 👍 extended stay hotels have seen a steady increase in occupancy rates over the past few years, with an average of 75% occupancy in 2022, indicating their growing popularity among travelers.
Factors Influencing Extended Stay Hotel Costs
When considering an extended stay at a hotel, several factors come into play that can significantly impact the overall cost. From the location to the amenities provided, each element contributes to the pricing structure.
Understanding these factors can help you make an informed decision and budget accordingly.
Location
The location of an extended stay hotel is a crucial factor influencing its cost. Hotels situated in prime areas, such as city centers, tourist hotspots, or business districts, tend to be more expensive than those in suburban or residential areas.
For instance, according to Kayak, the average nightly rate for an extended stay hotel in New York City can range from $150 to $300, while in a smaller city like Omaha, Nebraska, the rates can be as low as $70 to $120.
Room Type and Size
Extended stay hotels typically offer a variety of room types and sizes to cater to different needs. Studios or one-bedroom units are generally more affordable than larger suites or apartments. Additionally, the square footage of the room can influence the cost, with more spacious accommodations commanding higher rates.
According to Extended Stay America, their studio suites range from $75 to $120 per night, while their one-bedroom suites can cost between $90 and $150 per night.
Amenities and Services
The range of amenities and services offered by an extended stay hotel can significantly impact its pricing. Hotels with fully equipped kitchens, on-site laundry facilities, fitness centers, and complimentary breakfast tend to be more expensive than those with basic amenities.
Additionally, hotels that offer housekeeping services, concierge assistance, or shuttle services may charge a premium. According to Homewood Suites by Hilton, their extended stay hotels with amenities like a fully equipped kitchen, free Wi-Fi, and a complimentary evening social can cost between $120 and $200 per night.
Seasonality and Demand
Like most hotels, extended stay properties are subject to fluctuations in demand based on seasonality and local events. During peak travel seasons or major conventions, rates can skyrocket due to increased demand. Conversely, during off-peak periods or slower seasons, rates may be more affordable.
According to Extended Stay Hotels, their rates can vary by as much as 30% between peak and off-peak seasons.
Length of Stay
The duration of your extended stay can also impact the overall cost. Many hotels offer discounted rates for longer stays, such as weekly or monthly rates. These rates can be significantly lower than the nightly rate, making extended stays more affordable.
For example, Staybridge Suites offers a 25% discount on their nightly rate for stays of 7 nights or more, and a 40% discount for stays of 30 nights or more.
By considering these factors, you can better understand the potential costs associated with an extended stay at a hotel and make an informed decision that aligns with your budget and needs. Don’t forget to leverage online resources, such as Trivago or Hotels.com, to compare rates and find the best deals for your extended stay.
Average Monthly Costs at Extended Stay Hotels
When it comes to extended stays, the cost can vary greatly depending on the type of accommodation you choose. Whether you’re on a tight budget or looking to splurge, there’s an option to suit your needs.
Here’s a breakdown of what you can expect to pay for a month-long stay at different types of extended stay hotels.
Budget-Friendly Options
If you’re looking to save some cash, budget-friendly extended stay hotels are the way to go. These no-frills accommodations typically offer basic amenities like a kitchenette, free Wi-Fi, and a pool or fitness center.
According to BudgetTravel.com, you can find budget extended stay hotels for as low as $1,200 to $2,000 per month. 😊
For example, the Extended Stay America chain offers basic studios and one-bedroom suites for around $1,500 to $2,000 per month, depending on the location. While these accommodations may not be the most luxurious, they’re a great option for those who want to save money without sacrificing too many amenities.
Mid-Range Extended Stay Hotels
If you’re looking for a little more comfort and amenities, mid-range extended stay hotels might be the perfect fit. These properties often offer larger suites with separate living and sleeping areas, as well as additional perks like on-site restaurants, pools, and fitness centers.
According to Travel + Leisure, you can expect to pay between $2,500 and $4,000 per month for a mid-range extended stay hotel. 👍
- According to Statista, the average daily rate for extended stay hotels in the United States was around $85 in 2021.
- For a 30-day stay, that would equate to approximately $2,550 per month.
Brands like Homewood Suites by Hilton and Residence Inn by Marriott fall into this category, offering spacious suites with full kitchens and separate living areas.
Luxury Extended Stay Accommodations
For those who want to indulge in the lap of luxury during their extended stay, there are plenty of high-end options to choose from. These luxurious accommodations often come with upscale amenities like gourmet kitchens, spa services, and concierge services.
However, you can expect to pay a premium for these lavish digs. According to Forbes Advisor, luxury extended stay hotels can cost anywhere from $5,000 to $10,000 per month or more. 🎉
Brands like Staybridge Suites and AIRE Suites offer top-of-the-line extended stay accommodations with all the bells and whistles. While the price tag may be steep, these properties provide a home-away-from-home experience that’s hard to beat.
| Hotel Type | Average Monthly Cost |
|---|---|
| Budget-Friendly | $1,200 – $2,000 |
| Mid-Range | $2,500 – $4,000 |
| Luxury | $5,000 – $10,000+ |
No matter your budget or preferences, there’s an extended stay hotel option out there that can meet your needs. So, whether you’re looking to save some cash or splurge on a luxurious stay, you can find the perfect fit for your next extended trip.
Don’t forget to factor in additional costs like parking, taxes, and incidentals when budgeting for your extended stay.
Tips for Finding the Best Deals
Advance Booking and Discounts
One of the best ways to score a great deal on an extended stay is to book your accommodation well in advance. Many hotels and extended stay properties offer significant discounts for early bookings, sometimes up to 20% off the regular rate.
By planning ahead, you can take advantage of these promotional offers and potentially save a considerable amount of money. Additionally, keep an eye out for seasonal discounts or special package deals that bundle accommodations with other amenities or services, which can further reduce your overall costs.
Loyalty Programs and Memberships
If you frequently stay at extended stay hotels or belong to certain organizations, joining their loyalty programs or memberships can unlock exclusive discounts and perks. For instance, brands like Extended Stay America offer loyalty programs that provide discounted rates, free nights, and other benefits to members.
Similarly, organizations like AARP and GovX offer discounted rates for their members at various extended stay properties. 😊 Don’t miss out on these potential savings!
Negotiating Rates
Don’t be afraid to negotiate rates with extended stay properties, especially if you’re planning a longer stay or booking multiple rooms. Many hotels are willing to offer discounts or package deals to secure longer bookings or larger groups.
It never hurts to politely ask about any available discounts or if they can match a lower rate you’ve found elsewhere. You might be surprised at how accommodating they can be! 👍
Considering Alternative Accommodations
While extended stay hotels are a popular choice, don’t overlook alternative accommodations that can provide even better value for longer stays. Services like Airbnb and VRBO offer a wide range of vacation rentals, apartments, and homes that can be more cost-effective for extended stays, especially for larger groups or families.
These options often come equipped with kitchens, laundry facilities, and other amenities that can help you save money on dining out and other expenses. However, be sure to thoroughly research and read reviews to ensure you’re getting a quality accommodation that meets your needs.
Here’s a quick comparison of the average monthly costs for different accommodation types in major U.S. cities:
| Accommodation Type | Average Monthly Cost |
|---|---|
| Extended Stay Hotel | $1,800 – $3,000 |
| Vacation Rental | $1,500 – $2,500 |
| Apartment Rental | $1,200 – $2,000 |
Remember, the cost can vary greatly depending on the location, property type, and amenities. Don’t be afraid to explore different options to find the best deal that fits your budget and needs. With a little research and flexibility, you can make your extended stay more affordable and enjoyable! 🎉
Budgeting for Extended Stay Accommodations
Planning for an extended stay can be a daunting task, as it requires careful budgeting and consideration of various costs. Whether you’re relocating for work, visiting family, or simply seeking a temporary change of scenery, understanding the expenses associated with extended stay accommodations is crucial.
By estimating additional costs, comparing options, and implementing money-saving strategies, you can make an informed decision and ensure a comfortable and financially viable stay.
Estimating Additional Costs
Beyond the nightly or monthly rate of your extended stay accommodation, it’s essential to factor in additional expenses that may arise. Utilities, such as electricity, water, and internet, can add a significant amount to your overall costs.
According to ApartmentGuide.com, the average utility cost for a one-bedroom apartment in the United States is around $150 per month. 😮 However, this figure can vary greatly depending on your location, the size of the accommodation, and your usage habits.
Another important consideration is transportation costs. If you plan to commute or explore the area during your extended stay, factor in expenses such as gas, public transportation fares, or ride-sharing services.
Don’t forget to budget for groceries, dining out, and any recreational activities you plan to enjoy during your stay. 💰
Comparing Costs with Other Options
To determine the true value of an extended stay accommodation, it’s wise to compare the costs with other options, such as traditional hotels or vacation rentals. Here’s a quick comparison to help you make an informed decision:
| Option | Average Cost (Monthly) | Pros | Cons |
|---|---|---|---|
| Extended Stay Hotel | $1,500 – $3,000 | Fully furnished, housekeeping services, amenities | Higher cost, limited space |
| Vacation Rental | $1,200 – $2,500 | More space, private, amenities | No housekeeping, limited flexibility |
| Traditional Hotel | $2,000 – $4,000 | Amenities, housekeeping services | Smaller rooms, higher cost |
As you can see, extended stay accommodations often offer a more affordable and spacious option compared to traditional hotels, especially for longer stays.
Strategies for Saving Money
- Negotiate rates: Don’t be afraid to negotiate with the property management for a better rate, especially if you’re staying for an extended period. 💰
- Look for discounts: Many extended stay hotels offer discounts for longer stays, corporate rates, or memberships. Be sure to ask!
- Cook your meals: Utilize the kitchenette in your extended stay accommodation to prepare your own meals, which can significantly reduce dining costs. 👩🍳
- Use public transportation: If available, take advantage of public transportation options to save on gas and parking fees.
- Find free activities: Explore free events, parks, and attractions in the area to keep your entertainment costs down. 🎉
By implementing these money-saving strategies, you can stretch your budget further and make the most of your extended stay experience. Remember, with careful planning and budgeting, an extended stay can be an affordable and enjoyable adventure! 😊
Conclusion
Staying at an extended stay hotel for a month can be a convenient and cost-effective solution for those seeking temporary accommodation. By understanding the factors that influence pricing, exploring various options, and implementing smart budgeting strategies, you can find the perfect balance between comfort and affordability.
Remember, the cost of an extended stay hotel can vary significantly based on location, room type, amenities, and seasonality. It’s essential to research thoroughly, compare prices, and consider alternative accommodations to ensure you make the most informed decision that aligns with your needs and budget.
Whether you’re a business traveler, a digital nomad, or simply seeking a temporary home away from home, this comprehensive guide has provided you with valuable insights and practical tips to navigate the world of extended stay hotels.
With careful planning and the right approach, you can find a comfortable and affordable extended stay experience that meets your unique requirements.
