In Singapore, the answer is complex because short-term rentals (under 3 months) are technically illegal for private residential properties (HDBs and condos) unless the property has a specific license. Consequently, "cheap" Airbnbs in Singapore are often unregulated and carry a risk of being cancelled or causing legal trouble for the host. For 2026, legitimate "Serviced Apartments" or licensed "Boutique Hotels" listed on Airbnb often come out to be comparable or even more expensive than mid-range hotels like Hotel 81 or Ibis. A standard hotel room in a central area (like Orchard or Clarke Quay) might cost around $180–$250 per night, whereas a legal studio apartment on Airbnb might start at $220. However, Airbnb can be significantly cheaper for larger groups or families who would otherwise need to book two or three hotel rooms. For solo travelers or couples, the "value" of a hotel—including amenities like daily cleaning, luggage storage, and 24-hour security—often outweighs the minor savings of an Airbnb, especially given Singapore's strict housing regulations.