If you’re wondering which offers the best value between booking an Airbnb or VRBO, both have pros and cons. However, the answer is neither. Both offer great deals for travelers looking for an affordable place to stay on the road, but neither is the cheapest option available.
If you’re considering renting your home on Airbnb or VRBO, you’re most likely aware that the amount of money you make is dependent on how many nights you rent out your space and how much you charge.
The truth is that it’s hard to compare the costs of Airbnb and VRBO. While one might offer a cheaper rate for weekly stays, the other might offer more amenities and a higher demand for bookings.
It’s important to realize that both options are equally as safe, and you’re just as likely to have a negative experience renting out your space on either platform.
Both platforms have pros and cons, and in some cases, one will be better than the other for you. For example, if you want to book a place for an extended vacation, you may want to consider Airbnb, since you can rent it out longer. On the contrary, if you want to rent your home to a local family for a few weeks, Airbnb might not be the best option.
The best way to determine which is less expensive is to calculate the average rate of both platforms.
The average listing price of an Airbnb property is $200 per night, while the average listing price of a VRBO is around $300 per night. If you’re planning to spend about two weeks on the road, you’ll need to run the numbers to figure out which one is the best value.
If you decide to list on Airbnb, you can get an idea of how much you can expect to make by doing a search for your area.
Depending on your location, one option for getting the most out of your property is to list it on Airbnb instead of VRBO. While the commission rates for both sites are similar, you’ll likely find that you get more bookings on Airbnb as it’s a more popular service.
If you choose to list on VRBO, you can get an idea of what your home is worth by searching for similar properties in your area.
The most affordable option can be found by choosing the right location. In a high-priced city, you can expect to pay a premium for Airbnb and VRBO listings. While this may be the case, you can also find Airbnb and VRBO listings in smaller cities and towns, which can be less expensive.
You can also use tools such as AirBnB Price Calculator and VRBO Price Finder to get an idea of how much you can expect to make from each platform.
To get a better idea of which one is less expensive, you’ll need to know the different variables that go into each booking cost. Renters pay a cleaning fee on both booking sites. AirBnB requires you to pay a security deposit. Neither requires a credit check. However, when you book VRBO, you can pay with a money transfer.
If you’re having trouble deciding which platform to list on, consider listing on both.
Theo has a great point. The costs of managing and promoting an Airbnb or VRBO listing can vary widely. In some areas, booking a room through Airbnb or VRBO may not be legal. Check your local laws to determine if it’s legal to list on these platforms.
Conclusion
While the costs of booking an Airbnb or VRBO can vary depending on your location and preferences, the cost of booking an Airbnb or VRBO is often lower than a hotel’s nightly rate. If you’re planning to travel during the spring or fall, booking an Airbnb during those seasons can help save you money as well.
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