Taipei, a bustling city with a convenient MRT system, is seeing a rise in demand for short-term rentals, shifting from its traditional focus on long-term housing. To address this, the “2024 Taipei MRT Short-Term Rental Map” has been created, offering a detailed guide on various short-term rental options, including shared rooms, independent suites, and entire homes near MRT stations.
This comprehensive resource is designed to assist students, business people, and travelers in finding suitable, budget-friendly accommodations for their temporary stay in Taipei.
You can also refer to our “Taiwan monthly hotel guide” to check out our selection of Taipei short-term monthly rental hotels, or visit the mrhost Taiwan Short-Term Rental Platform for more Taipei short-term rental properties to find suitable short-term accommodation.
Source of Data
This time, the data sample comes from “mrhost Taiwan Short-Term Rental” and “591 Housing Transaction,” covering short-term rental properties located within 1 kilometer of each MRT station. The displayed rents are calculated in (NTD) New Taiwan Dollars and rounded to the nearest thousand.
Due to the limited number of listings at some MRT stations, there may be larger discrepancies in average rents; therefore, the data we provide is for reference only.
Please note that short-term rental amounts are usually slightly higher than long-term rentals because short-term rentals offer greater flexibility and convenience.
Common Market Rental Periods in Taiwan
In Taiwan, there are daily rentals (daily rental suites are illegal), short-term rentals, and long-term rentals, mainly differing in terms of rental period, market demand, management costs, and additional services. Here are detailed explanations of these differences:
Rental Periods
- Daily Rental: Usually charged by the day, commonly found in hotels. Note that daily rental suites in Taiwan are illegal, such as Airbnb. Accommodations calculated by days or weeks are part of the hotel industry and should be legally registered. Operating without registration can result in fines of 100,000 to 500,000 New Taiwan Dollars.
- Short-Term Rental: The rental period ranges from a few weeks to a few months, suitable for temporary accommodation, short-term work, or study needs. Short-term rental prices are generally slightly higher than long-term rentals, partly due to higher management costs, and short-term rental properties usually provide furniture and other living facilities.
- Long-Term Rental: The rental period is usually six months or more, even up to several years. Long-term rental prices are relatively lower because long-term leases provide landlords with a stable source of income and reduce the risk of management and vacancy.
The differences in rental prices between daily, short-term, and long-term rentals primarily stem from the differences in rental period, market demand, management costs, and additional services. Here are detailed explanations of these differences:
The demand for daily rental hotels and short-term rental markets is usually more affected by seasons and the tourism industry, with rental prices likely to rise during specific periods (such as holidays or tourist peak seasons). In contrast, the long-term rental market is relatively stable, with smaller fluctuations in rent, influenced by macroeconomic conditions and the local real estate market.
Rental Management Costs and Services
Daily and short-term rental properties usually need to provide more management services, such as cleaning, maintenance, customer support, etc., all of which add to the cost. Daily and short-term rentals often offer complete furniture and living essentials to meet the immediate needs of short-term tenants, with
rent typically including internet, utilities, property management fees, etc.
Long-term rental properties generally offer fewer of these additional services, with tenants often responsible for daily maintenance and cleaning, providing only basic furniture, and some long-term rental properties requiring tenants to furnish and equip with other living facilities themselves.
What are the Short-Term Rental Customer Groups?
The short-term rental market has a diverse range of customers, broadly categorized into five groups, including business travelers, returning overseas Chinese, foreign teachers and students, local renters, and short-term residents.
Taipei MRT Short-Term Rental Map
Sorting out non-repeating data from December 2023 according to different housing categories: apartment, independent suites (Taofang), and shared apartment (Yafang).
In terms of numerical presentation, the rent is still taken to the thousand-dollar unit and rounded up in the same way. If there is insufficient data for an MRT station during the calculation process, it will be displayed as “-” on this map for your consideration. We welcome your suggestions and feedback.
Now, let’s talk about the results of this analysis!
Short-Term Rental – Apartment
Short-Term Rental – Independent Suites (Taofang 獨立套房)
Short-Term Rental – Shared Apartment (Yafang 雅房)
Top 5 MRT Stations with the Highest Short-Term Rental Prices
Conclusion
This article serves as a comprehensive guide for those seeking short-term accommodation, emphasizing the importance of considering location, budget, and amenities for a well-informed rental choice. Ideal for both business visitors and tourists, this guide is a key resource for a comfortable stay in Taipei. Additionally, for further insights and community interaction, the mrhost Taiwan Short-Term Rental page offers a platform for sharing experiences and finding properties to ease the rental process.
