You have decided to study in Paris; you need to make an extended business trip to the French capital; you are moving to Paris or just want to spend several months living there like a local. Whichever reason drives a traveller's decision to stay in Paris long-term, suitable accommodation in Paris is the first thing that is bound to cross her mind.
Accommodation costs is the primary living expense for locals and visitors of the City of Light alike, and that is why the advantages of long-term apartment rentals are nowhere as apparent as in Paris.
The option of a prolonged hotel stay is best avoided, because you will be expected to pay triple for a very limited living space and all those little extras you end up not using at all. Even for weekly stays and vacations renting an apartment in Paris is a great option, and what more can be said about a long-term stay?
Accommodation options in Paris are numerous, and finding a good apartment for your budget, be it a modest studio on Montmartre or a luxurious penthouse on the Champs-ElysГ©es, is a doable task. Long-term apartment rent in Paris has its peculiarities that depend on the length of your stay:
When renting for 1 to 3 months, the booking is treated the same as the short-term apartment rental: the full cost of accommodation needs to be paid to the owner at the time of check-in; if you want to prolong your stay, it will be treated as a new booking; you are required to have vacation rental insurance, known in France as "Assurance VillГ©giature", that protects you from financial liability in case of fire, flood or earthquake damages.
Rentals ranging from 3 months to a year require a special type of insurance called "Assurance Multirisques Habitation" that covers the apartment, the belongings of the guest and third-party liability. Whereas the absence of vacation insurance, which is actually compulsory, often gets brushed aside by owners, the all-risk insurance for long-term stays is a very serious matter: the tenant is required to have it on the day of check-in, and its absence can be grounds for denial of accommodation by the owner. Further, if you wish to prolong your stay, just like with a shorter-term rental, you will have to agree on a new contract with the owner. Unless somebody else had booked the apartment, usually you should have no problem staying there longer.
When renting for a year or longer, you have the right to extend the contract, to do which you are required to notify the owner one month prior or earlier. You have to obtain the "Assurance Multirisques Habitation" insurance as well.
Long-term apartment rental in Paris may be either an expensive or a very affordable option, because all 20 districts (arrondissements) of Paris are unique in some ways and have different accommodation rates.
Approximate prices for renting in some of the most popular neighbourhoods of Paris:
Louvre: studio вЂ” from 800 euros/month, 1-bedroom вЂ” from 1300 euros/month, 2-bedroom вЂ” РѕС‚ 2200 euros/month;
Champs-ElysГ©es: studio вЂ” from 800 euros/month, 1-bedroom вЂ” from 1200 euros/month, 2-bedroom вЂ” РѕС‚ 2000 euros/month;
Latin Quarter: studio вЂ” from 900 euros/month, 1-bedroom вЂ” from 1250 euros/month, 2-bedroom вЂ” РѕС‚ 1850 euros/month;
Montmartre: studio вЂ” from 700 euros/month, 1-bedroom вЂ” from 1000 euros/month, 2-bedroom вЂ” РѕС‚ 1400 euros/month;
Montparnasse: studio вЂ” from 750 euros/month, 1-bedroom вЂ” from 900 euros/month, 2-bedroom вЂ” РѕС‚ 1700 euros/month;
РћРїРµСЂР°: studio вЂ” from 650 euros/month, 1-bedroom вЂ” from 1050 euros/month, 2-bedroom вЂ” РѕС‚ 1700 euros/month.
Apartment hunting is most often delegated to registered agencies, whom the owners prefer, because they like serious inquiries, and the guests go to for advance protection against rental scams and general good service. French real estate agencies charge commission from the rental cost; the commission is covered by the tenant.
Usually commission rates run as follows:
rent up to 2 months вЂ” 30% of the total rent cost;
2-5 months вЂ” 50% of monthly rate;
5-10 months вЂ” 75% of monthly rate;
10-12 months вЂ” 10% of the total rent cost;
1 year and longer вЂ” 10% from the total cost of 1-year rent plus 5% of the cost of all subsequent months.
Monthly rental rates almost never include utilities, especially not electricity, and every month the tenant is charged the cost according to her usage. Water and gas, Internet access may or may not be included. All related costs that are the responsibility of the tenant have to be included in the rental contract. It is highly recommended that you read it carefully before signing to avoid misunderstandings in the future.
Despite extra costs that are required when you are looking to rent an apartment in Paris long-term, it is still a great option that will save you money in the long run and allow you to have the most memorable time in Paris.
To see the list of all available apartments for rent in a certain district of Paris, use the interactive map of the city on this page.