Numbers don’t lie — Portland simply isn’t among the most affordable places to live in the US. But for some apartment dwellers, there’s a new way to offset the high cost of living.
Airbnb recently launched a new program called Airbnb-friendly apartments, allowing certain renters in Portland (and ~30 other cities) the ability to become part-time hosts. Those living in participating apartment buildings can host a spare room or their entire apartment.
So far, Airbnb has partnered with more than 175 apartment buildings across the country, including three in Portland: Indigo in downtown, Sawbuck in Goose Hollow, and Enso in the Pearl District. Residents at those locations are allowed to rent out their units on Airbnb for up to 90 nights per year.
Here’s a breakdown of the numbers, according to Airbnb:
- Indigo: Starting monthly rent = $2,328 | Average earnings for a week = $853
- Sawbuck: Starting monthly rent = $1,525 | Average earnings for a week = $603
- Enso: Starting monthly rent = $1,824 | Average earnings for a week = $640