Furnished apartment for month-long stays

Furnish one or two apartments and rent them with cleaning included to workers, patients and movers staying a few weeks to a few months.

Modern furnished serviced apartment with bed, desk and city view.
Startup costC$4k to C$15k
Monthly revenueC$1.5k to C$6k
Time needed8+ h/week
First incomeMonths
  • C$4k-15k
  • Side hustle
  • Own premises
  • Licence or permit needed

Estimates for a small start in Canada, not guarantees.

What it is

You rent one or two furnished apartments (owned, or leased with the landlord's written permission) to guests who need a place for weeks or months. Rent includes utilities, Wi-Fi and regular housekeeping. Guests are often travelling workers, people relocating, medical patients and families between homes.

Your first three steps

  1. Check your municipality's short-term rental rules and your province's tenancy rules, then confirm how long a stay has to be to fall outside them
  2. Price a furnished one-bedroom against local hotels and monthly furnished rentals, then work out the nightly rate you need to cover costs
  3. Furnish one unit with durable basics, take good photos and list it on a booking platform and with local relocation or staffing contacts
Who pays

Employers and relocation companies, contract and travelling workers, insurance companies housing displaced families, and individuals moving cities.

How it makes money

A nightly or weekly rate, usually with a discount for stays of 30 nights or more. Your costs are rent or mortgage, utilities, cleaning and platform fees. The income left over depends on how full the unit is.

Skills that help
  • Organised and reliable with bookings and guest messages
  • Friendly, clear communication
  • Basic budgeting and pricing
Watch out for
  • If you lease the unit, get the landlord's written permission to sublet or host guests; condo bylaws may also ban it
  • Municipal short-term rental licences or principal-residence rules differ by city; Quebec requires tourist accommodation registration, so check with your municipality and province
  • Longer stays may give guests tenant rights under your provincial residential tenancy law, so check before you set terms
  • Ordinary home or tenant insurance often excludes paid guests, so ask for short-term rental or commercial cover
  • Check GST/HST and any provincial or municipal accommodation taxes
  • Winter and tourist-season dips; steady mid-term bookings reduce but do not remove empty weeks

🔒 Full research report for Canada

Real cost breakdown with current prices, licences and registration checklist, local competition, pricing, break-even and a 30-day launch plan, with sources.

Coming soon

Questions people ask

How much does it cost to start a furnished month-long rental?

Startup costs are typically around $4,000 to $15,000 CAD, depending on how many units you furnish, the quality of furnishings and what you spend on setup such as Wi-Fi, housekeeping supplies and insurance.

What rules apply to month-long furnished rentals in Canada?

Check for landlord written permission and condo bylaws if you lease. Also check municipal short-term rental licences, Quebec tourist accommodation registration, provincial tenancy law for longer stays, insurance that covers paid guests, and GST/HST or accommodation taxes.

How much can a furnished apartment for month-long stays earn?

Monthly revenue is typically estimated at around $1,500 to $6,000 CAD, depending on your location, the unit size and how consistently you book guests. Winter and tourist-season dips may leave some empty weeks.

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Photo: Engin_Akyurt on Pixabay

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