It’s terrible that rent eats up most of your paycheck. And it’s even worse that rent rates are increasing every single passing day. However, with a few smart hacks, many people manage to live completely rent-free. This implies there’s more money in your pocket with which you can reach your future goals. 

Do you also wish to know these hacks? Well, hang on to this guide as we discuss how you can live rent-free without paying rent or a mortgage. 

Top Ways To Live Rent-Free 

There are numerous ways to live rent-free in different cities & countries. However, we will be covering a few ways to do so. So, without further ado, let us begin! 

  • Rent A Room On Airbnb

Many individuals can live rent-free in their living space & some even can use it to profit themselves. So, if you have room to spare, you can make extra money by renting it out on Airbnb. This is an excellent way to cover your rent payment.     

Basically, you can find a long-term tenant to cover the costs. However, short-term tenants would also work, specifically if you reside in an area popular with tourists. 

Well, just remember to go through your rental agreement before you put the place on Airbnb. Some places do have restrictions on how you can share your home. 

  • Sublet Your Apartment 

If the apartment is under your name, you can try subletting it to make some more money. By subletting it for more than you pay monthly, you can offset the cost of the rent. 

Living with roommates can be an excellent financial decision for everyone. For instance, you can split a three-bedroom apartment as it is usually cheaper than renting a one-bedroom apartment by yourself. 

You could even extend this into a side hustle by renting out other properties that you are not currently living in. 

Moreover, it’s a good idea to check the rent rates around your area to ensure you are charging a fair price. And do not forget to check your rental agreement before you sublet your place. Some landlords have specific requirements for subletting & some do not allow it at all! 

  • Teach English Abroad 

If you have got a travel bug in yourself, consider teaching abroad. You can get paid to teach English in nations across the globe. 

For instance, some countries, like Korea, China, etc., offer free housing & flights for English Teachers. However, many other countries require you to find your own accommodation, but still, it’s a lot cheaper than what you’d pay in the United States! 

Moreover, in many countries, you don’t need a background in education to get started. In most cases, all you need is a college degree & a TESOL/ TEFL certificate to teach English. 

  • Volunteer With Peace Corps/ Americorps 

For those passionate about giving back, becoming a volunteer with Americorps/ Peace Corps can be meaningful & fulfilling. Take part in initiatives like fighting hunger, disaster response & management, supporting education, etc. 

In return, these Peace Corps provide you with housing & a substantial stipend for living. After two years, you will also get a sum of $10,000.   

On the other hand, Americorps doesn’t offer housing facilities. However, they pay a stipend to help offset living costs. 

  • Become A Resident Assistant 

Not all college students have to pay to reside in the dorms. At many schools, resident assistants do not have to pay for room & board. 

As a broke college student, this is quite a fair deal. 

As your floor’s resident assistant, you will help other students with numerous resident life issues. However, if you are already busy, this might not be a good fit for you.  

But if you can make time for extra responsibility, it can help reduce the college’s financial load. 

  • Become A House Sitter 

House-sitting is an excellent side hustle to make some extra money & get free housing for a short duration. 

You can house-sit for people going on a vacation or some work trip. In addition, you could also find someone with a vacation home which they do not use often. 

Leaving a home empty for an elongated time period can be risky. Therefore, as a house-sitter, you can deter burglars & keep up with the overall maintenance of the house. In exchange for free housing, you can offer services like watering houseplants, doing laundry, etc.     

  • Get Free Money From The Government 

The federal government has a housing program for people living in Canada, i.e., low-income families, people with disabilities, & the elderly. 

So, if you need help to meet rent, try to apply for the Housing Choice Voucher Program. 

If you obtain a voucher, you will be able to find housing of your choice which fits the requirements of your program. The local public housing agency will pay the landlord on your behalf. 

These vouchers can effectively cover part of your rent or all of it. Thus, it can be a huge help if you are in a tough spot & can’t afford an apartment on your own. 

  • Find A Job The Offers Housing 

There are tons of job opportunities which offer free room & board along with your regular salary. The jobs include: 

  • On-site security
  • Flight attendant
  • Park ranger
  • Travel Nurse
  • Seasonal jobs in tourism 

These job roles range from short-term gigs to long-term careers. In addition, some jobs have more requirements & schooling than others. For instance, travel nurses need to have an active RN license. However, it also tends to pay better than other jobs listed. 

Any of these jobs can be an excellent way to travel & keep your work life exciting! 

Wrapping Up! 

Apart from the tips mentioned above, there are plenty of ways to live rent-free. However, some of the tactics mentioned above can take a lot of work. But it’s worth it if it enables you to save more in the long run & reach your future financial goals. 

So tell us, what would you do with extra rent money – invest it, go on a vacation, or put it in savings accounts? Tell us in the comments below!