What Is the Best Use of Your Internship Housing Stipend?

Sometimes, the best internships aren’t at a local company, but that’s okay! Find out how to maximize your internship housing stipend in 2024 and beyond.

For college students, working a summer internship has become more crucial than ever in securing a good job offer after graduation.

According to the National Association of Colleges and Employers (NACE), over 75% of college graduates have completed at least one internship. This number jumps to 90-95% in competitive fields like finance, technology, and consulting. Even more impressive, approximately 80% of interns receive full-time job offers after completing their internships, with many top companies using internships as their primary recruitment pipeline.

With statistics like these, maximizing your summer break with an internship is a smart career move. According to LinkedIn’s Workforce Report, while remote work has created new opportunities, many of the most prestigious internships still require in-person presence – often in a different city.

Don’t let location hold you back from pursuing your dream opportunity. A recent survey by the Society for Human Resource Management (SHRM) indicates that over 60% of companies now offer housing support or stipends to their non-local interns, recognizing the importance of helping talented students access these opportunities regardless of their location.

Even with a housing stipend, internship housing will likely be your biggest expense during your working summer. Finding and setting up housing can also add stress while you’re finishing your semester and preparing for your internship.

Your Housing Options: DIY vs. Corporate Housing

You could choose the DIY route: searching online for an apartment and renting it sight unseen (hoping those listing photos are up to date), then juggling utility setup, furniture rental, and monthly bills on your own.

Or you could partner with a corporate housing company like Viciniti. We provide fully furnished apartments specifically designed for internship housing. Best of all—we handle everything from location scouting to setup and bill management, letting you focus on your internship experience.

Privacy, Safety, and Security of Your Own Apartment

You may think that a hotel is an easy solution for short-term internship housing, and you’re right. It is easy. However, with slightly more effort, you can have an infinitely more comfortable experience.

For one thing, you will have your very own private entrance, so no need to schlep through crowded lobbies to check in at a front desk. We’ll provide arrival instructions prior to move-in, so all you have to do is roll up to your new apartment and walk through the front door. 

Many of our apartment communities are gated adding added safety and peace of mind.

You will also have your own private wifi. Each apartment has private internet WiFi, so you and your data can feel secure. 

Also, enjoy a distraction-free workspace in your apartment—no interruptions. Sit comfortably at your dining room table, or request a desk and chair if you prefer a dedicated place to work. 

We are at your service throughout your stay, so be sure to ask questions or voice concerns at any time.

Your security features include:

• Private, secure entrance
• Select gated communities with 24/7 surveillance
• Secure, private, high-speed WiFi
• Controlled access parking areas
• Well-lit common areas and pathways

No Bills, No Backache!

During your internship, your focus should be on doing a great job so you can get that full-time offer. 

By using a furnished corporate apartment for your internship housing, you can focus more on your work and less on things like paying bills. We’ll do all the set-up—that includes waiting for the internet guy to show up *eye roll*—and we’ll pay all the bills. That leaves you with just one monthly invoice covering everything associated with your internship housing.

You don’t even have to move furniture. We’ll move it all in and set it up. You will have everything from silverware to artwork, and we can even customize your furniture package to meet your budget.

We handle all the details:

• All furniture, kitchen, and bath essentials are set up and ready for you to move in; all you need is your suitcase
• WiFi set up and ready when you move in
• All utilities are included and managed under one simple bill
• Single monthly invoice for all apartment expenses
• Digital payment system

Location. Location. Location.

Finding the right location for your internship housing involves more than just calculating the distance to your workplace. In 2024, it’s about accessing a lifestyle supporting your professional goals and personal interests. Our housing specialists understand the importance of choosing locations that offer convenience, safety, and opportunities for social connection.

We carefully evaluate each property’s location to ensure you have easy access to everything you need. According to recent urban planning studies, proximity to amenities and transportation can save interns an average of 5-10 hours per week in commute time—valuable hours you can spend advancing your career or exploring your new city.

When selecting your location, we consider:

• Proximity to public transit and rideshare hubs
• Walking distance to dining and shopping
• Easy access to bike shares and scooter rentals
• Close to popular social spots
• Quick commute options to major business districts
• Access to green spaces and outdoor activities

Modern Kitchen and Healthy Living

The landscape of intern benefits has evolved significantly, yet very few employers provide food benefits to interns. This makes having a well-equipped kitchen in your corporate apartment a convenience and a significant financial advantage.

Your corporate apartment comes with a full-size, modern kitchen that rivals what you’d find in any permanent residence. This setup allows you to maintain your healthy lifestyle, stick to your budget, and even explore your culinary interests during your internship. Whether you’re meal prepping for the week or hosting a dinner with fellow interns, you’ll have everything you need at your fingertips:

• Full-size, modern kitchen with energy-efficient appliances
• All kitchen essentials are included for easy meal prep
• Optional grocery starter kit available
• Recycling programs

State-of-the-Art Community Amenities

Gone are the days when a simple gym and pool were enough to impress residents. Today’s corporate housing communities understand that interns are looking for amenities that enhance both their professional development and personal wellbeing. Our carefully selected communities offer spaces that adapt to your changing needs throughout the day.

Start your morning with a workout in a high-tech fitness center with virtual training options and on-demand classes. During the day, take advantage of professional co-working spaces for collaborative projects or quiet study. In the evening, unwind in beautifully maintained social areas that help build connections with fellow residents.

Our apartments are pet-friendly, with many amenities to pamper you and your furry best friend!

Our premium communities feature:

• High-tech fitness centers with virtual training options
• Co-working spaces with high-speed internet
• Smart package lockers for secure deliveries
• Electric vehicle charging stations (select locations)
• Modern pool and recreation areas
• Dog washing stations, pet parks, and more
• Social spaces with WiFi coverage

24-Hour Customer Care

What happens if something goes wrong in the middle of the night? What if you get locked out of your apartment? Fret not – we are here for you! 

Feel safe knowing we offer 24-hour customer care to all of our guests. We act as the liaison between you and your apartment community. That means we stay on top of your concerns to ensure your issues are resolved quickly – 24/7/365.

Let’s Get Started

If you are making plans for your internship and it’s taking you outside of your local area, contact us! We’ll walk you through the process and help you find the perfect home away from home for your internship housing.

Don’t let housing concerns distract you from making the most of your internship opportunity. Our streamlined process takes the stress out of finding and managing your temporary home, letting you focus on what matters most – launching your career.

Ready to explore your options? Contact us! Our team will guide you through our process, helping you find the perfect home away from home that meets both your professional needs and personal preferences.

So get out there and make your mark in your industry while enjoying a comfortable, secure, and convenient living space that supports your success.