Are you tired of throwing your money away on rent? Are you looking for an alternative to renting? If so, you’re in luck! Here are some fun and feasible options that you must consider as alternatives to renting an apartment.
Living in an apartment can be an expensive and exhausting affair. If you live in a costly city where housing prices are high, the good news is that as of September 27, 2022, there are many alternatives to renting an apartment. And one of them is sure to fit your needs. People are always looking for other options and creative ways to save and make their lives easier.
Alternatives to renting that’ll help save money
20. Look for work-trade rent exchanges
This is a fantastic and fun alternative to renting an apartment. With work-trade rent exchanges, you stay with a host who wants help around the house for free, and you get to live in their apartment for free.
Doing so will help save some money over the long term. Hosts list their requirements, such as how many hours of cleaning or childcare they require. If you are willing to do the work, this can be a great alternative to renting an apartment!
19. Live out of your car
If you can not afford an RV, you may consider living out of your car. This is certainly not the most comfortable option and should probably be a short time fix. But, it could cut your housing expenditures drastically. If you can find a safe and reasonably comfortable place to park your car, this could be an excellent alternative to renting an apartment.
18. Try living in a van
Van dwelling is an increasingly popular alternative to renting an apartment. Many people are doing it, and you might want to give it a shot too! If you don’t want to pay rent, but don’t want to live in your car, consider living in a van. It’s an inexpensive alternative to paying the high costs of rent.
Van dwellers are typically students or nomads who travel around the country.
17. Couch surf with strangers
Another great alternative to renting an apartment is to couch surf with strangers. If you aren’t familiar with this concept, it basically means that you stay with strangers for free. It may not be the most comfortable way to live, but it could help you save a lot of cash on housing costs. This is not for traditional housing. Instead, this is a perfect option for people looking for cheap accommodation.
16. Cruise line job
You could also consider a job with a cruise line. If you work as a staff member, you can get free housing and a paycheck! This can be a fun and easy way to travel around the globe, all while earning some cash!
Living in an apartment complex can be an expensive and exhausting affair. The cruise line job solves both of these issues.
15. Work at a hostel
Another fantastic alternative to renting an apartment is to work at a hostel. This could be an excellent option for those who prefer the social and communal aspects of living. You’ll get free accommodation, so you won’t have to pay for rent!
If you’re looking to save money on housing, consider a job as a property manager in a hostel since you’ll be responsible for managing your own accommodations.
One of the job responsibilities could be managing the day-to-day business at the property. Alternatives to renting an apartment are not hard to find if you are creative and think outside the box.
14. Be a resident assistant on campus
If you’re a student, consider becoming a Resident Assistant on campus. You’ll get free housing for one or two years in return for helping with the housing operation. This can be an excellent opportunity to save your hard-earned money on housing costs while you study.
If you’re not a student, consider working as a Resident Assistant for one or two years after you graduate. You can get student housing in return for managing other students’ accommodations. The idea is to find opportunities to help you live rent-free and save a good amount of money.
13. Find a free campsite
Camping is another alternative way to save on rent and overall housing costs. Find a free campsite and stay there for a while. You’ll have the chance to enjoy the benefits of living in nature for a fraction of the cost. This is only possible if you have a vehicle to travel to your campsite and cover the vehicle’s expenses. These campsites sometimes have parks that will help you to live rent-free.
12. Work on a farm
If the alternatives listed above aren’t suitable, you can opt to work on a farm. This is a perfect option if you like to live outside, don’t mind a little physical labor. Some farms need help during the summer months, and this will give you more freedom and a chance to live in the countryside and help you save your money on housing costs.
You won’t have to think of renting an apartment since most farms provide housing for their employees. Not only that, you’ll probably even collect a paycheck!
11. Work for a host family in a new country
Another alternative to renting an apartment is to work for a host family in a new country. The best part about this plan is that you’ll have to only pay the expenses of getting to the country. The job will cover your living expenses and will likely even provide a paycheck, so you won’t have to pay for rent.
10. Live in a mobile home
Mobile homes are tiny house alternatives to renting apartments. They are inexpensive alternatives that allow you to live the same lifestyle for far less money. Mobile homes are a great alternative to renting an apartment if you’re looking for affordable housing. Mobile homes can be considered tiny houses, but they’re a smart way to reduce your expenses.
Mobile homes are among the best options for cheap housing. Also, mobile homes have gained popularity in recent years as you’ll never run out of options where you can put your mobile home.
9. Try sabbatical homes
If you can live in a small house, consider renting a sabbatical home for a few months. These homes are specifically designed to host people for short periods, and they’re usually located in unique locations around the world.
This is an excellent option if you plan to travel on a budget since housing expenses are included in the price. Sabbatical homes are a great way to have fun and save you money simultaneously. You’ll get to live in unique places for a few months.
Sabbatical homes are available in many countries worldwide, so it’s easy to find one near your dream destination.
8. Become a workamper
Workampers travel around the country in their RVs and work at campgrounds. This is an alternative to renting and a great way to save money on housing costs. Not only that, you’re free to roam around the country and have fun. You’ll get to work at campgrounds, usually for around eight hours per day, in return for rent-free housing.
However, running water for toilet use and washing is often unavailable at many campgrounds. Nonetheless, it is a great way to reduce many living expenses. If you opt for this option, consider it a cheap housing option that allows you to live rent-free. The major challenge you will face is the initial expenses, such as modifying your vehicle for living and camping equipment.
7. Live in a boat
If you are not afraid of water, this could be the best alternative to renting an apartment. Many people live in boats because it’s affordable, eco-friendly, and easy to put into action, provided you have the right conditions. Life in boat houses is different than the one on land. So you have to think about it before making a decision. However, many can easily afford it since you don’t have to pay for any mortgage for living in a boat.
This house hack is used by many around the world. You will need a little creativity, but it’s not complicated.
6. House sitting
House sitting is one of the most popular ways to live in places for free. House sitting is an excellent way of saving money on housing and getting to live in a beautiful home.
House sitters are paid to take care of someone’s home while away. It is an ideal option for people who want free rent or just stay at someone’s house for a while. The house sitters have to pay for the cost of traveling, and your living costs will be covered by the homeowner.
5. Container homes
Container homes are tiny homes. They are cute, affordable, and eco-friendly. Containers are easy to find, and you can do your own interior design for your small house. However, these homes require some initial investment. The cost may vary depending on your requirements. But as mentioned earlier, it all depends on the needs.
You can live in an old shipping container if it’s big enough to have a bed and all the essential amenities.
4. Shared living space
Co-living spaces are becoming increasingly popular. These spaces can include everything from a full-fledged apartment building to just a few bedrooms and bathrooms to share with other people.
Co-living spaces are usually cheaper than getting your own apartment and could be a great way to meet new people to hang out with and share your thoughts at the end of the day.
The idea of living in co-living spaces is to reduce living expenditure and rent costs. However, as you will have to share the house with many people, there may be a slight inconvenience in terms of comfort and privacy.
3. Become a live-in caretaker
You can live without paying any rent if you can move in with someone in need of a caretaker. The person you move in with might be an old family member who knows they could use the help or someone who requires care because of a severe illness.
You will need to be comfortable caring for others, but this can be a great way to live with no rent. This is a great way to reduce your cost of living.
You have to be very responsible and respectful in this living arrangement. You will be in charge of making sure the house is in order and ensuring that your family member is healthy.
2. Sober living house managers
If you are looking for an alternative, rent-free or cheap housing option, consider working as the house manager for sober living houses. House managers are responsible for ensuring that the patients follow the rules, attend counseling and group meetings, and take their medicine.
If you are okay with the idea, management will expect you to be responsible and drug-free. However, the tradeoff is that it’ll help you to reduce your living expenses.
1. Live-in nanny
Parents hire nannies to care for their kids and work as a “live-in.” If you love kids and don’t mind living with them, this could be a great way to save money on rent and other living costs. Usually, nannies are given a free room in the house.
This is not a forever deal, however. Eventually, kids grow up, and you’ll need to find another place to live and work.
While many options can help you cut down on your expenses and reduce rent costs, there aren’t many options that will let you do so completely free. However, these alternative housing options can ensure that you never have to pay for a roof over your head.
This article lists some of the best options to consider as alternatives to renting an apartment.
This article Alternatives to renting – 20 Brilliant Ways originally appeared on Rick Orford – Invest, Earn More Income & Save Money.