Rent Your Vacation Home or Condo in Myrtle Beach, South Carolina

Vacation rental popularity has been on the rise in Myrtle Beach, South Carolina. While it may seem like there are already a lot of vacation rentals available for rent, the reality is that there are still plenty of unique and interesting properties to choose from. With the right strategy, your vacation rental can be an excellent way to generate more income and make money. There are a number of reasons why people choose to rent out their property as a short-term rental. Some people prefer to rent out their property when they take a trip because it gives them an extra source of income. Other people are looking for an alternative way to make money instead of having to work all year long. As long as you meet the requirements for becoming a short-term rental property owner, you can start making money right away.

When partnering with RedAwning for your property management needs, we can make sure your Myrtle Beach rental is set up correctly and ready to generate the most amount of revenue possible per stay.

Current Vacation Rental Trends in Myrtle Beach

During the month of November, North Myrtle Beach, for example, is projected to generate over $237/night for a 3 bedroom vacation rental, on average! There were 6,226 vacation active rental properties in Myrtle Beach.  6,088 are renting the entire place, and 138 are shared rooms.  On average, during the month of November 2023, each vacation rental property in North Myrtle Beach is booked 55% of the time, and most hosts are projected to generate $3,088 or more during the month of November! Is your home in Myrtle Beach, or another neighborhood in Myrtle Beach, South Carolina? See how much you could earn with your Myrtle Beach vacation rental.

$237.00 Per Night*


55% Occupied*


$3,088.00 Per Month*

* Based on the median average of all vacation rentals in the Myrtle Beach area.
Get a free estimate for your home or condo.

Featured Myrtle Beach Vacation Rental Generating Record Profits With RedAwning

Bali Bay 503 OF Starting at $1,907 to $2,338 per night!

About this space
Perfect condo for a Myrtle Beach trip. All the comforts of home with a full kitchen, laundry room and plenty of space for the whole group. Located directly on the ocean just a block from family kingdom amusement park. There are fantastic ocean views from the balcony. Tons of restaurants and activities within walking distance. We are in a quiet building but still in the midst of everything.
A very sought after part of Myrtle Beach a mile to the sky wheel. Infinity pool and... Read More

This Myrtle Beach vacation home is presented on every travel website, where travelers are looking to book accommodations (Airbnb, VRBO, Expedia, Google Travel, and hundreds more). And, with RedAwning's dynamic pricing, daily rates are adjusted based on seasonality and demand in Myrtle Beach.

Successful short-term vacation rentals in Myrtle Beach, South Dakota

Negative vacation rental trends in Myrtle Beach, South Carolina when you considering renting out your Myrtle Beach home as a short-term rental In Myrtle Beach, South Carolina, there are a number of negative vacation rental trends that you should consider before choosing to rent out your home. These include: A lack of available housing options for tourists and vacationers. Due to the popularity of the area and its growing population, there is an increased demand for housing. This can make it difficult for those looking for short-term rentals to find a place to stay. As a result, it may be necessary to invest in extra property if you want to attract visitors. While this is not necessarily a bad thing, it can lead to higher rental costs if you don't plan ahead and have adequate resources available. Renting out your home will also put a strain on your finances. Not only will you have to pay for the short-term rental itself, but you'll also need to cover the costs associated with maintaining it (i.e., cleaning fees). This can become especially problematic if you're planning on making any renovations or improvements before renting out your property.

Whether you’re looking to book a vacation rental or just want to earn some extra cash, Myrtle Beach is a prime destination for visitors from all over the world. With its warm climate and sandy beaches, there are plenty of reasons why people flock here in search of relaxation. There are many benefits to renting out your Myrtle Beach home as a short-term vacation rental. One of the biggest advantages is that you can earn extra money without having to make any major changes to your property. You can also enjoy the freedom of staying in your own home without worrying about taking care of it during your absence. Another benefit is that you’ll be able to meet new people and make new friends while on vacation. In addition, you might be able to learn valuable skills that will help you achieve your goals in the future.

RedAwning takes the guess-work out of Myrtle Beach property management, and we work with you to ensure your Myrtle Beach short-term rental is set up perfectly to attract guests and maximize your rental revenue, from day-one.

See how much your Myrtle Beach vacation rental could earn:

Revenue Projections for Vacation Rentals in North Myrtle Beach/Myrtle Beach, South Carolina during December, 2023

Based on a 3 bedroom, which is the most common Myrtle Beach vacation rental home size, we've come up with an estimated rental amount you could charge per night and how much demand there is for each day in December. Higher bars below can command higher prices, if your Myrtle Beach vacation rental is available during these days.

Average Daily Price & Percent Occupied Next Month In Myrtle Beach

Note: These averages are based on a 3 bedroom home in North Myrtle Beach. If you'd like to find out how much revenue your home could make by providing the number of bedrooms and specifics about your vacation rental, please try our  free vacation rental calculator and/or speak with one of our vacation rental experts about your vacation home, condo or unique vacation rental experience.

Interested in learning how you can maximize your vacation rental revenue in Myrtle Beach, South Dakota?

If you are a speculative home buyer or have another home in South Dakota, check out our other South Carolina Vacation Rental Management reports in CharlestonGreenvillePawleys IslandHilton Head IslandNorth Myrtle BeachGarden City BeachSurfside BeachHilton HeadGarden CityLittle RiverEdisto BeachLongsPickensWinnsboroBeaufortColumbiaSalemGreerSandy SpringsAtlantic BeachSimpsonvilleSummertonJohns IslandSummervilleN LitchfieldIsle Of PalmsChesneePort RoyalOrangeburgTravelers RestSaint Helena IslandBelvedereMurrells Inlet,  and Gaffney, South Dakota or view all of our vacation rental market reports

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