ABSTRACT Declining rural areas have become central sites for migrant settlement. In the hope that migration will counteract rural shrinkage, migrants are increasingly portrayed as catalysts to revitalize communities. This article critically examines migration to declining rural areas vis-à-vis rural reception and regeneration policies. Drawing on qualitative research including interviews, focus group discussions, and participant observations, we compare migrants’ settlement experiences and their positions in rural revitalization processes in northeast Spain and eastern Germany. Our research illustrates that local reception and regeneration policies do not only sideline the role of newcomers as rural place-makers, who contribute to the sustainment (or expansion) of local services and infrastructures. They also result in conditions of ‘predatory inclusion’, in which migrants’ settlement is shaped regarding their potential ‘use’ for revitalizing local economies and housing markets in exploitative terms and along racialized lines. Facing precarious labor and housing conditions, migrants tend to reside only temporarily in our investigated areas. This article contributes to a growing body of migration research in rural areas and explains that attempts at regeneration through migration can run the risk of ignoring migrants' structural conditions, needs, mobility aspirations and life plans, thereby reinforcing racial and class-based inequalities present in rural areas.