Short-Term Rentals in Singapore: A Smart Option for Expats & Travelers? (Pro’s and Cons)

As an expat, business traveler, or project-based professional, finding the right accommodation in Singapore can be challenging. Whether your stay duration is uncertain or you need a temporary home while settling in, short-term rentals offer a flexible and cost-effective alternative to hotels and traditional leases.

But is a short-term rental the best choice for you? Let’s explore the pros and cons of this popular housing option. Short-Term Rentals Are Gaining Popularity, especially in Singapore, here is why

1. Greater Flexibility

Unlike traditional leases that lock you into a 12-month commitment, short-term rentals offer monthly or even weekly agreements—perfect for:

✔ Contract workers with unpredictable job durations
✔ Expats transitioning to permanent housing
✔ Business travelers on extended assignments

2. Cost-Effective for Temporary Stays

Compared to hotels and long-term leases, short-term rentals deliver better value for money, especially for stays between one to six months. You also save on setup costs since most rentals include:

✔ Fully furnished interiors
✔ Utilities, Wi-Fi, and maintenance
✔ No need to buy furniture or household essentials

3. Home-Like Comfort & Convenience

Short-term rentals offer a more personalized living experience than hotels, with:

✔ High-speed Wi-Fi for seamless remote work
✔ Kitchen facilities for home-cooked meals
✔ Housekeeping & maintenance services
✔ Prime locations near business hubs & public transport

4. Ideal for Expats Adjusting to Singapore

If you’re new to Singapore, a short-term rental gives you time to explore different neighborhoods before committing to a long-term lease or property purchase. This ensures you find the best location for your lifestyle and work needs.

While short-term rentals offer great advantages, they also come with potential drawbacks that may not suit every expat or traveler, here is some key points to consider:

❌Higher Monthly Costs

Although cheaper than hotels, short-term rentals tend to have higher monthly rates than traditional leases. Property owners often charge a premium for flexibility and furnished amenities, meaning you may end up paying 20–40% more per month compared to a standard long-term rental.

Additionally, some listings include extra fees for cleaning, utilities, or short-term lease surcharges, so it’s essential to review the total cost before committing.

❌ Limited Availability & High Demand

Singapore’s short-term rental market is highly competitive, especially in prime locations like Orchard Road, Marina Bay, and the CBD. Many expats and business travelers compete for the best accommodations, and options can be fully booked months in advance.

If your move is last-minute or during peak travel seasons, finding a well-located rental may be challenging, forcing you to compromise on price, location, or amenities. You might want to pick one day or two days stay, and find more affordable options, try next city like Indonesia, especially Jakarta where the apartment rentals still on budgets.

❌ Less Stability & Frequent Relocations

Since short-term rentals operate on monthly or weekly contracts, there’s always a chance that your unit may not be available for renewal when your stay is up. This means you might have to move frequently, disrupting your routine and adding extra costs and stress related to packing, transport, and adjusting to a new environment. If you prefer a stable living arrangement, a long-term rental may be a better option.

❌ Potential Lack of Personalization

While short-term rentals offer a home-like experience, they may lack the personalization and sense of belonging that comes with a long-term lease. You might not have the freedom to redecorate, modify furniture, or build a long-term community in your neighborhood. For expats looking for a true “home away from home,” short-term rentals might feel more like an extended hotel stay than a permanent residence.

Final Thought : Is a Short-Term Rental Right for You?

Both corporate housing and short-term rentals offer unique benefits depending on your relocation needs. If you value flexibility and convenience, short-term rentals are a great option—but be mindful of availability and costs.

📌 Want to explore the best areas to live in Jakarta? You may ask our advice and options. As professional, Richwell Property have tons experience in helping expat like you finding a place to stay and accommodate all your professional and family matters. Contact us for any requirement or enquiry here.