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Temporary rental
Students

Rent apartment to students: advantages and disadvantages

Tamara Gugel
in
Owners
at
June 10, 2024

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Renting properties to students has become one of the most attractive options in today’s real estate market. Demand continues to grow, as every year thousands of students move to other cities or countries to continue their education and gain new academic experiences. In addition, numerous programs and financial aid initiatives promote student mobility, ensuring a steady flow of new tenants.

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Below, we explain why renting your apartment to students can be a smart decision.

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Advantages

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Short contracts

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One of the main advantages is the length of the contracts. Students typically look for temporary stays that align with the academic year, usually around 8 or 9 months. In some cases, stays may last a semester, or if they are completing a full degree, one or even two years.

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This shorter duration offers flexibility for the property owner. If at any point you need to recover the property for personal use, sale, or any other reason, you won’t be tied to long-term agreements.

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Additionally, high demand means turnover is rarely an issue. Each year new students arrive, making it relatively easy to find tenants for the next academic term.

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What might seem like a drawback with other tenant profiles becomes an advantage with students: shorter contracts combined with consistent demand provide flexibility and steady occupancy.

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Rent Apartment to students

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Payment of fees

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Students are generally considered a reliable tenant profile when it comes to payments. In many cases, rent is paid directly by parents or family members, significantly reducing the risk of non-payment. It is uncommon for families to stop covering their child’s housing expenses while they are studying away from home.

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For property owners, this brings peace of mind. Knowing that rent payments are supported by the family provides greater security and stable monthly income.

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Possibility of renting your apartment to students by rooms

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Another common option is renting the property by individual rooms. This approach is especially popular in university areas and can be more profitable than renting the entire apartment to a single tenant.

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For students, renting a room is more affordable than taking on the full apartment. For owners, although the price per room may be lower, the total combined rent from all rooms often exceeds what would be earned by renting the entire unit to one tenant.

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Savings in payment to the Treasury

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In certain cases, renting to young tenants may offer tax advantages. In Spain, there are specific IRPF reductions and deductions applicable to primary residence rentals, which can result in significant savings depending on the owner’s situation and the type of contract. It is always advisable to consult a tax advisor to confirm which benefits apply and ensure full compliance with legal requirements.

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Students SGR

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Disadvantages

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Renting your apartment to students is about something more beneficial than anyone can expect. Not only for the above advantages, but because many of the disadvantages that can be thought to exist are not really.

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Parties

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Many homeowners think that renting their apartment to students is synonymous with party and madness. The truth is that there are cases in which this is the case. But it is a minority. It is true that most of the students who study abroad take the opportunity to party a lot. But in very small cases they move the party to their student accommodation. Mainly because they are aware of the repercussions that these acts can have.

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Empty summer months

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Some owners think that renting an apartment to students means that in the summer months the house is left alone and it loses profitability. The truth is that this is not the case. In summer, many students, mainly non-university students, take the opportunity to travel to the main cities to learn new cultures and perfect their foreign language. These students are many, since more and more languages ​​become more important to look for work. Students are aware of this and that is why the demand for summer study increases every year.

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Also other students choose to work abroad to get some money and also learn new cultures and languages.

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Apartments to students

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In any case, renting to students can be a profitable and stable strategy when managed properly. Keeping contracts organized, coordinating move-ins and move-outs, tracking payments, and maintaining proper documentation are essential for a smooth experience.

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If you manage mid-term rentals or rent by the room and want to keep everything under control, Arrento by Lodgerin allows you to centralize contracts, bookings, financial tracking, and documentation within a single platform. Professionalizing your operations not only saves time, but also reduces risk and helps you make decisions with greater confidence.

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Because renting to students can be a great opportunity, when your management is up to the task.

About the Author

Tamara Gugel

As Chief Marketing Officer, Tamara leads the company's Marketing team, bringing a 360-degree vision to the department and applying technological innovation in the real estate market.

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