There are a few different ways that companies approach this, depending on the location of the facility where the intern will be working. The best alternative is to find an apartment that will accept a short-term lease. If this is not available in your area, check with local universities who may be able to rent unused dorm rooms. There are many other alternatives depending on the area. Payment of the apartment rental can be paid by the company or the student.
Many companies pay for part of the intern's rent.
For example, a company may pay half of each month's rent. This is especially important in areas where housing is very expensive. Typically companies that are located a long way from Virginia offer to pay for travel costs for the intern. However, that is not a requirement. Only a little.