Should Seniors Rent or Buy a Stairlift?

Updated August 7, 2025 | Lisbeth Cano

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If your parent or loved one is having trouble with stairs, a stairlift can make their home safer — and help them stay in it longer.

But once you’ve decided on a stairlift, the next big question is: Should you rent or buy?

This guide walks you through the pros, cons, and costs to help you make the best decision for your family.

What Is a Stairlift — and Why It Matters

A stairlift is a motorized seat or platform that travels along a track on your stairs. It helps people with limited mobility go between floors safely and independently.

Common Stairlift Types

  • Straight stairlifts – for staircases with no curves or landings
  • Curved stairlifts – custom-built for turns, corners, or landings
  • Outdoor stairlifts – weatherproof models for outside use

Benefits for Seniors

  • Reduces fall risk
  • Helps maintain independence
  • Avoids the need to move or renovate the home

“You don’t want to risk having a fall and being unable to get help.” — Dr. Warren Wong

Renting a Stairlift

Renting can be a smart option for short-term needs, such as recovery from surgery or temporary mobility issues.

How It Works

  • You pay a one-time installation fee plus monthly rent
  • The company installs, maintains, and removes the unit when no longer needed
  • Most rentals are available only for straight staircases

Typical Cost

Item Cost Range
Installation fee $300–$500
Monthly rental $75–$300

Maintenance is usually included1.

✅ Pros of Renting

  • Lower upfront cost
  • No long-term commitment
  • Service and maintenance included

❌ Cons of Renting

  • More expensive over time
  • Fewer model and customization options
  • Rarely available for curved staircases

Buying a Stairlift

Buying makes more sense for long-term use or permanent mobility needs.

Typical Cost (Includes Installation)

Stairlift Type Estimated Price Range
Straight $2,500–$5,000
Curved $8,000–$12,000+
Outdoor $4,000–$7,000

Ongoing Maintenance

  • Annual maintenance plans: $200–$500
  • Covers inspections, motor tuning, and rail checks1

✅ Pros of Buying

  • Cost-effective over time
  • Full control over features and appearance
  • Can resell or repurpose if no longer needed

❌ Cons of Buying

  • Higher upfront cost
  • Maintenance responsibility after warranty ends
  • Custom curved models are hard to resell

Financial Assistance and Insurance Options

Stairlifts are a major expense, but you may qualify for help.

Does Insurance Cover Stairlifts?

  • Medicare (Part B):
    Does not cover stairlifts, but does cover some patient lifts2
    ➤ Does Medicare Cover Stairlifts?

  • Medicaid:
    Some state waiver programs cover home modifications
    ➤ Home Modifications

  • Medicare Advantage Plans:
    May include coverage for home safety devices

  • Long-Term Care Insurance:
    Some policies reimburse for home modifications
    ➤ Long-Term Care Insurance

Other Ways to Save

  • Veterans: May qualify for VA housing adaptation grants
  • Local Agencies on Aging: Can help find funding programs
  • Nonprofits: Some offer financial aid for mobility aids
  • Reconditioned Units:
    • Save 30–50% over new
    • Best for straight stairs
    • Always buy from certified dealers with a warranty

Start your research at BenefitsCheckUp.org

Rent vs. Buy: How to Decide

“Choosing between renting or buying depends on individual circumstances such as budget, duration of use, and home layout.” — NCOA1

Ask Yourself:

  • How long will your parent need the stairlift?
  • Can you afford the upfront cost of buying?
  • Is the staircase straight or curved?
  • Are you planning to age in place long-term?
  • Will your loved one’s condition improve or decline?

Need help budgeting? Visit Financial Planning for Elder Care

Explore home modifications in Home Safety

Safety, Installation & Maintenance Tips

Regardless of whether you rent or buy, safety is essential.

Always Use a Certified Installer

  • Avoid DIY setups — incorrect installation can cause injury
  • Hire a professional to ensure proper alignment and operation
    ➤ Stairlift Safety

Plan for Annual Maintenance

Service Cost Range
Annual maintenance check $200–$5001

Regulatory Standards to Look For

  • Meets ASME A17.1 or similar national safety standards
  • Dealer offers a warranty and proper documentation

Final Thoughts

There’s no single right answer — but there’s a right fit for your situation.

Choose to rent if:

  • The need is temporary
  • You want to avoid a large purchase
  • The staircase is straight and standard

Choose to buy if:

  • It’s a long-term or permanent solution
  • You want full control over features and appearance
  • You’re modifying the home for aging in place

Compare quotes, ask about financial aid, and make an informed decision that supports your loved one’s safety and independence.

  1. https://www.ncoa.org/article/stair-lift-costs-a-complete-guide/ ↩ ↩ ↩ ↩

  2. https://www.medicare.gov/coverage/patient-lifts ↩

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Lisbeth Cano Clinical Researcher and Elder Advocate

Meet the author: Lisbeth Cano earned her medical degree from Universidad de Iberoamérica in Costa Rica and worked as a doctor before becoming a clinical researcher. She now focuses on senior care, writing evidence-based guides for SeniorCanvas.com to help families make safer, smarter decisions for aging parents.