My home for a month in Chiang Mai

Chiang Mai condo

Hey everyone! I’m still in Chiang Mai, Thailand. I’m here for 3 months to visit my parents and help find a good nursing home for my mom. That’s done so I’m just relaxing and enjoying the rest of my stay. For the first 2 months, I stayed at my parents’ condo with several breaks at the hotels nearby. I was waiting for a unit to become vacant in my parents’ building. There were some delays, but I finally got into a pretty nice unit. Check it out.

Hillside Condo 4

*The exchange rate is about $1 to 33 baht.

I got a studio unit in my parents’ building for 8,000 baht per month! I pay for the electricity and water separately, but those should be less than 1,000 baht. All in all, I got a pretty good deal for under $300/month. This unit is pretty well equipped too. It has a bed, several chairs, a fridge, a washing machine, a small kitchen area, a balcony, and a working area. Also, the building has a pool. That’s awesome because Chiang Mai is getting hot! It’s 100 degrees almost every day this week. Anyway, I’ve seen some units in the area for 8-10,000 baht with just a bed. I’m pretty happy with my unit. Oh, this building is right across the street from the Nimman area. There are plenty of restaurants, shops, and cafes nearby. I love the Thai food here, so affordable.

Here is a quick video review I put on YouTube.

Furama

For comparison, I stayed at Furama for a week. This is a sister hotel, I think. I paid $15 per night. It’s pretty comfortable there. If you want to book a room at this hotel, keep checking the price every day. It seems to fluctuate between $22 and $14. It was pretty quiet when I stayed there. If I stayed at Furama for 31 days, it would cost $465. This is still cheap, but a hotel room just isn’t as homey. It was nice to have a freshly cleaned room every day, though. At Hillside 4, I have to clean the room myself. 🙁

Anyway, that’s it for today. I just wanted to share how much it cost to rent a room in Chiang Mai and give you a quick tour. You can get a pretty comfortable studio for about 10,000 baht per month, $300/m. Of course, you could splurge and spend more. Most places on Airbnb charges at least $500/m. You could also spend less if you have a vehicle. My friend said 8,000 baht per month is expensive! Locals spend way less on rent. It really depends on the area. I think the area around the university is a lot more affordable. However, most places want you to sign a year lease. One month is too short.

If you enjoy the video, you can subscribe to my YouTube channel here.

Bye for now!

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Joe started Retire by 40 in 2010 to figure out how to retire early. After 16 years of investing and saving, he achieved financial independence and retired at 38.

Passive income is the key to early retirement. This year, Joe is investing in commercial real estate with CrowdStreet. They have many projects across the USA so check them out!

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10 thoughts on “My home for a month in Chiang Mai”

  1. Looks great for price.

    Are those ‘normal’ prices? Or is that like the off season or are the hotels hurting for business due to the pandemic?

    Reply
  2. Wow, that’s a much nicer place than I would have expected… very cool! And it’s awesome that you’re close enough now to help your parents more easily.

    100 degrees though?? Ugh! How’s the humidity? Does it make you want to melt or it’s not too bad?

    Reply
  3. That’s crazy to have a place for $300/mo. and have it be seen as expensive. Is it cheap to buy there too? How cheap could the housing costs realistically get if you weren’t limited to having to rent by the month?

    Reply
    • It is somewhat cheap to buy. This condo costs about $60,000. But you can only rent for $300/month right now. The ratio isn’t quite right. But it is affordable if you want to live here. I think renting is a better deal, though.
      Housing is a bit cheaper if you sign a year lease. I think 20% cheaper for the same area. The rent is way cheaper if you go out a bit, just like in any city.

      Reply

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