Inauguration Vacation: The Rush Begins

Nov. 12, 2008— -- The economy may be bleak, but this week, cash-strapped young D.C. professionals and wealthy Washingtonians alike have found a quick way to make a buck: By renting their homes to travelers hoping to witness history in the making.

With Washington's hotel rooms filling quickly for President-elect Barack Obama's Jan. 20 inauguration, local D.C. residents are getting creative. So are Virginia residents, miles from the festivities, in Tyson's Corner, and Marylanders as far as Accokeek and Annapolis.

All of them are offering up their homes for inauguration week in late January and contributing to an explosion of ads posted since Election Day on Craigslist.com.

"I figured I'd just put it up at an exorbitant price and see if someone bites," said Flynn Millard, a D.C.-area nurse who posted her two-bedroom Georgetown apartment on Craigslist Tuesday morning, asking $1,500 for six days during the inauguration.

There are literally hundreds of places left to stay, whether in luxury homes or cramped quarters -- if you're willing to pay the price. Sleep tight in a one-bedroom basement apartment in Bethesda, Md., for $2,200 for the week. Score a one-bedroom loft in D.C.'s vibrant Adams Morgan neighborhood for $1,000 per night. Put your feet up after the balls in a four-bedroom home in northwest Washington for $15,000. Or live it up in an eight-bedroom home in McLean, Va., for $35,000.

On Monday alone, nearly 90 inauguration week rentals sprung up on Craigslist in the section devoted to vacation rentals. Another 130 plus were posted in the section for apartments and housing -- as well as a plea from a desperate house hunter: "Please, post your inauguration specials in the VACATION RENTALS so that MAYBE I have a chance to find a proper apartment listing."

"It's an easy way to make some money, as long as they don't trash my apartment," Millard told ABCNews.com. She added that the price of a rental "seems crazy."

Rebecca Pawlowski, a communications director at Washington's tourism organization Destination DC, said she has heard estimates of more than 1 million people coming into town for the inauguration.

And while some will sleep at luxury hotels beneath sheets with high thread counts, others will brave the late January elements in sleeping bags and tents.

"We have some tenters coming in," Judy Strahorn, a reservationist at Cherry Hill Campground in College Park, Md., told ABCNews.com. "They'll sleep in their cars, though -- they're not fooling us."

The campground has already taken reservations for 180 RVs as well, Strahorn said, with more space available, starting at $42 a night to pitch a tent.

"We're really tickled," Strahorn said. "Pretty amazing for January."