30 Locations With the Priciest Vacation Rentals

Though COVID-19 has changed how and when we travel, there will come a time when you'll be ready to take your next vacation again, and you probably don't want to stretch your budget too thin in order to do so. GOBankingRates compiled a list of the most popular (and costly) vacation destinations in the U.S. While these prices might put most people off, for others, knowing that these destinations are probably worth their cost may make it worth the price to visit.

Read More: How To Budget and Plan For a Vacation in 2021

GOBankingRates reviewed Travel and Leisure's list of "The 50 Best Places to Travel in 2021," Town and Country's July 2020 piece "Best Weekend Getaways" during COVID-19 and AirDNA's list of the places with the highest average daily rental rates of 2019. GOBankingRates found the average daily rate for a rental property in each location. Here are the 30 locations with the priciest vacation rentals.

Miramar Beach, Florida

• Rental rate: $256

St. Simons Island, Georgia

• Rental rate: $261

Find Out: The Cost To Own a 3-Bedroom Home in Every State

Destin, Florida

• Rental rate: $266

Check Out: Homes in These 25 Waterfront Cities Are a Total Steal

Orange Beach, Alabama

• Rental rate: $289

Good To Know: 50 Cities Where It’s Cheaper To Buy a Home Than Rent

Kihei, Hawaii

• Rental rate: $289

Important: 28 House-Flipping Rules You Should Never Break

Galena, Illinois

• Rental rate: $300

Find Out: Popular Companies Set To Make a Comeback in 2021

Big Bear Lake, California

• Rental rate: $316

Read More: 8 Insider Tips to Get Rich in Real Estate

Johns Island, South Carolina

• Rental rate: $320

Don't Do This: 17 Dumb Home-Buying Mistakes That Hurt Your Wallet

Riverhead, New York

• Rental rate: $330

See: The Best Hidden Gem Destinations in Every State

Cape May, New Jersey

• Rental rate: $334

Check Out: Richest ZIP Codes in Every State

Santa Rosa Beach, Florida

• Rental rate: $346

Read: Expenses You’ll Have Again in 2021 That You Completely Forgot About

Laguna Beach, California

• Rental rate: $349

See: The Most Expensive Suburbs in Every State

Lahaina, Hawaii

• Rental rate: $349

Read: Best Places To Live On a $50,000 Salary in Every State

Newport, Rhode Island

• Rental rate: $351

Find Out: The Real Value of $100 in Every State

Breckenridge, Colorado

• Rental rate: $351

Read: These Are the 50 Best Cities for Gen Z To Live Well on a Budget

Key West, Florida

• Rental rate: $352

Did You Know: 40 Pandemic Airport Secrets Only Insiders Know

Stowe, Vermont

• Rental rate: $354

Check Out: 50 Cities With the Most Overpriced Homes

Steamboat Springs, Colorado

• Rental rate: $359

Want To Retire In One of America’s Safest Cities? $1 Million Might Not Get You Far

South Lake Tahoe, California

• Rental rate: $360

Options: The Most Affordable Downtowns To Live In Across America

Asbury Park, New Jersey

• Rental rate: $386

Keep Reading: These Are the 50 Best Cities for Renters

Jackson, Wyoming

• Rental rate: $405

Read: The Ultimate 2021 Budgeting Guide for Parents

Palm Springs, California

• Rental rate: $412

See: 50 Cities Where Homeowners Stay Rooted the Longest

Vineyard Haven, Massachusetts

• Rental rate: $421

See: Most Surprising Cities To Live In If You Want To Make a Lot of Money

Park City, Utah

• Rental rate: $426

Options: Don’t Overlook These Hidden Gem Cities With a High Quality of Life

Washington, Connecticut

• Rental rate: $460

See: Cheap Cities You’ll Love To Live In

Sonoma, California

• Rental rate: $485

Read: 17 Cities That Are Getting Richer

Telluride, Colorado

• Rental rate: $499

Find Out: 50 Cities Where It’s Cheaper To Buy a Home Than Rent

Big Sky, Montana

• Rental rate: $515

Find Out: The Cost To Retire in America’s Sunniest Cities

Malibu, California

• Rental rate: $650

Good To Know: 40 Top Cities Where Your Paycheck Goes the Furthest

Nantucket, Massachusetts

• Rental rate: $812

More From GOBankingRates

• These Are the Best Banks of 2021 – Did Yours Make the Cut?
• 19 Ways To Tackle Your Budget and Manage Your Debt
• Top 100 Banks Leading the U.S. in 2021
• How To Rebound From a Bad Financial Year: 2020 Edition

Methodology: GOBankingRates began by compiling a list of 80 of the most popular (and costly) vacation destinations in the U.S. To do this, GOBankingRates reviewed Travel and Leisure's list of "The 50 Best Places to Travel in 2021," Town and Country's July 2020 piece "Best Weekend Getaways" during COVID-19 and AirDNA's list of the cities with the highest average daily rental rates of 2019. Then, using AirDNA's data, GOBankingRates found the average daily rate for a rental property in each city. AirDNA's rental rate estimates are based on data gathered in the prior 12-month period by scraping data on every listing on Airbnb and Vrbo, as well as working with partnered property management systems. All data was gathered on and up to date as of Jan. 13, 2021.

About the Author

Jordan Rosenfeld

Jordan Rosenfeld is a freelance writer and author of nine books. She holds a B.A. from Sonoma State University and an MFA from Bennington College. Her articles and essays about finances and other topics has appeared in a wide range of publications and clients, including The Atlantic, The Billfold, Good Magazine, GoBanking Rates, Daily Worth, Quartz, Medical Economics, The New York Times, Ozy, Paypal, The Washington Post and for numerous business clients. As someone who had to learn many of her lessons about money the hard way, she enjoys writing about personal finance to empower and educate people on how to make the most of what they have and live a better quality of life.

 

Read More