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How Much Does Corporate Housing Cost in Houston?

How Much Does Corporate Housing Cost in Houston

There are different types of accommodations in Houston to suit every type of person – whether it’s short-term or long-term.

However, if you’re only traveling for study or work, temporarily displaced, or undergoing a life transition, booking a hotel may not be a good option.

So, if you’re considering corporate housing in Houston, the cost may run from $50 to $100 a night. This means that your monthly rental rate may range from $1500 to $3000 for a single bedroom unit, with separate living quarters.

That said, let’s go over the basics of corporate housing and other things you may need to consider before renting this type of unit. 

Let’s begin.

How Does Corporate Housing Work?

Corporate housing or apartments are residential units designed for short-term rentals, accommodating business people, corporate personnel, intern groups, or traveling employees. Generally, these units are fully-furnished, well-located, and convenient – with parking and cleaning services.

This type of housing is quite similar to short term housing since it also caters to students, travelers, and vacationers. The difference is that corporate housing rental length on average is around 3 months, while short term rentals are usually less than 30 days.

People who are undergoing transitions also consider this kind of residential set-up.

The benefit of renting corporate housing units, as compared to typical apartments in Houston, is that you can save more money in the long run. You don’t have to worry about moving and hauling furniture – you just have to bring your personal stuff.

Moreover, the rental costs are usually all-inclusive, covering utilities like water, gas, electricity, and WiFi.

Who Pays for Corporate Housing?

If your rental arrangements are because of work, then your employer will most likely foot the bill. This is the case for business travelers, re-assigned or relocated employees, or agents with temporary assignments.

Corporate housing also accommodates military and government personnel, especially those traveling internationally. Academics, researchers, and professors may also opt for corporate apartments if they have month-long projects to work on in Houston.

These units present a more economical yet convenient option, as compared to booking a hotel for their stay.

Insurance companies may also direct you to corporate housing accommodations if natural disasters occur and you are temporarily displaced from your home.

How Much Does Corporate Housing Cost in Houston

Considering how there are less moving costs and a more convenient set-up, most corporate housing rentals are reasonably priced. However, we note that the rates are usually higher than typical apartment rentals. Because of this, we do recommend you opt for short term rentals if you are staying only for around a month.

Fully-furnished units, with one bedroom and separate living quarters, may cost you $50 to $100 a night. With that, monthly rates range from $1500 to $3000 in Houston. 

As compared to units in other cities, Dallas units may cost up to $120 per night, while Austin units cost up to $110 per night.

We also noted that down payments are usually 25% of the total rental cost, with an annual rent increase of 3%.

When compared to the cost of long-term rentals, corporate housing rental rates are more expensive by 20-30%. However, the guarantee with corporate units is that all utilities are included in the rates.

Why You Should Move to Houston Corporate Housing

If you’re moving to a corporate housing apartment in the city, we also take into account the overall cost of living in Houston, which is 8% less than the national average. It is also ranked as among the most affordable metropolitan areas in the country.

Even though Houston is sprawling and populous, living here costs less by 19% than in Austin, 5% than in Dallas. The city is also a bustling location if you work for industries under energy, medicine, finance, and tech.

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