Long-term rentals refer to housing agreements where tenants lease a property for an extended period, typically six months to a year or more. These rentals can include apartments, houses, or condos, and are often preferred by individuals or families seeking stability and a sense of community. Landlords usually require a security deposit and may conduct background checks on potential tenants. Long-term rentals often come with lower monthly rates compared to short-term options, making them a cost-effective choice for those looking to settle in one place for a while.