Are Airbnbs getting too expensive?

Airbnb might not be as cheap as we think.
Airbnb search screen


The Daily Navigator strives to help you make the best decisions in travel. While we produce content according with strict editorial integrity this post may contain references to partner products. Here’s a full explanation for how our team makes money .

Airbnb is often touted as an affordable alternative to traditional hotels, but new data suggests that might not be the case. According to surveys conducted in Toronto and other cities in North America, the short-term rental app is getting expensive.

The figures highlight a sharp increase in the cost of renting a property over the past few years, and while hotels still cost slightly more, the gap is closing. This is due, in part, to the cascade of fees that are often applied at the Airbnb checkout.

Analysis of the data suggests that Airbnb can be far better value than hotels, but only when it comes to longer-term stays. A weekend stay in an American city Airbnb in a tourist area usually won’t include free breakfasts, gyms, and other amenities associated with hotels but will likely match many of the room rates in traditional accommodation.

Longer Airbnb stays of a week to a month can be hugely affordable. Large discounts are usually added the longer a guest stays, and when combined with the ability to cook and store food for themselves, the savings can be massive.

Navigate the News Better

Take a five-minute trip through the news that matters most to travelers with our daily newsletter.

Related Stories

Built with ❤️ by travelers, for travelers.

© 2024 Dollar Flight Club Inc. All Rights Reserved

Stay in the know with
The Navigator Newsletter

A five-minute trip through the news that matters most to travelers. Past Edition

A five-minute trip through the news that matters most to travelers. Past Edition

This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. The relationship may impact how an offer is being presented. Our site doesn’t include all the offers available. Terms apply to the offers listed on this page. For an explanation of our Advertising Policy, visit this page.

The Daily Navigator Featured Card Popup 3
new card art for chase sapphire preferred
LIMITED TIME OFFER

75,000 bonus points

Worth up to $1,500 in travel!

Partner offer. Terms apply.

DFC Partner Perks App Link Image
Special Discounts for Our Members

Save Big with Perks

Get $5,000+ in immediate travel savings with Perks. Unlock next level travel benefits, for life. Get discounts from the world’s best travel brands you won’t find anywhere else. No credit required.

DFC Concierge App Link Image
Special Discount for Our Members

93% off lifetime access

Save $1,200 and 10 hours of your time on every vacation. With Lifetime access to DFC Concierge, get fully customized trip itineraries to make every vacation unforgettable.

Dollar Flight Club App Link Image
Special Discount for Our Members

50% Off PREMIUM

You can save up to $500 on your next adventure without lifting a finger get email alerts when we find flights up to 90% off leaving your home airport. Just let us know your departure airport and we’ll do the rest.

The Navigator Commitment

The Daily Navigator is the cornerstone of the DFC Media family. Through each of our brands, we’re dedicated to helping our readers travel, spend, and live smarter.

With products dedicated to affordable travel, daily news, hospitality, and personal finance, we deliver the day’s essential content with none of the filler — all in a way that’s fast, easy, and fun to read. Every morning, over 2 Million travelers trust DFC to deliver the latest news and information so that they can make informed decisions faster. We hope you’ll join them.

We’re happy to have you here!