According to industry reports, the rental market has gained massive prominence within the last few years. People are more willing to rent items today than ever. Owing to that, the spectrum of items that can be rented out for cash has grown.
These days you can buy a wide range of items and make good money renting them out. So whether you’re a hobbyist eager to generate extra revenue or an entrepreneur looking for a new venture, below are the best equipment you can buy and make good money renting them out.
Best Equipment to Buy and Make Money Renting It Out
Table of Content
- Power tools
- Electric bikes
- Solar panels
- Party tents
- Starlink dishes
- RVs and campervans
- VR headsets
- Retail LED displays
- Bounce houses
- Luxury yachts
- Golf Carts
- Sewing Machine
- Mountain bikes
- Tables and chairs
- LED lighting
- Cameras and camera lenses
- Earthmoving equipment
- Arcade games
- Hiking gear
- White goods
- Exotic cars
- Paddle Board
- Diving Gear
- Jet Ski
- Catering Equipment
A good number of folks now prefer to do the work around their homes themselves. One issue they tend to encounter is the availability of power tools to carry out those jobs. These tools are quite expensive to purchase for such limited usage.
People with the resources now buy these tools and rent them out to willing persons. The particular trend has gained traction, and many profitable tool rental businesses have come into play in the past year or so, but the niche still has space for new companies.
Rent cost: $15 to $1200, depending on the type and size of the equipment,
These bikes are now regarded as the next best thing especially when considering the convenience they offer as well as eco-friendliness.
These bikes have grown to become an affordable and environmentally conscious transportation option for people who are eager to explore a city or commute to work. In tourist locations, they are also a mainstay and known to be quite profitable to rent.
Rent cost: $60 – $120+, depending on location and time of the year
This is another piece of equipment to consider buying and renting to willing clients especially since they’re at an exciting price point. Even though they are becoming affordable for hobbyists, have it in mind that they’re still out of reach of the average consumer. This more or less creates market demand.
Rent cost: $50 to $100 per day
They are regarded as very important devices for work, school, and personal use. By renting out laptops, you can offer your clients access to high-quality equipment without massive investment. You can make good money renting to business travelers, students, and others who require immediate access to computing equipment.
Rent cost: from $49 to $195, depending on the type of laptop and setup requirements.
Solar panels have witnessed massive growth with the growing awareness of climate change and renewable energy. Businesses that rent out solar panels make it possible for families and small businesses to have access to a sustainable and cost-effective energy source.
Rent cost: $50 and $250 per month
This equipment tends to offer people a distinctive, interactive experience at weddings, birthdays, corporate events, and other special occasions. It is indeed one piece of equipment to consider renting if you reside in areas with high demand for event services.
Rent cost: $600 to $1,300 for two to four hours, with additional hours costing upwards of $100 per hour.
Although they might be considered affordable, they are not always needed. As such, those who need them prefer to rent them, making them ripe for making money.
Have in mind that you can start small with tents that cater to birthday parties and scale up to outdoor weddings and events. This makes party tents a very valid option when considering starting a rental business, and it can be combined with tables, chairs, and more.
Rent cost: $200 to $20,000 per day, depending on the tent size and company.
This is a satellite internet service that provides fast and reliable internet access to inaccessible or unreliable areas. You can start a business that rents out Starlink dishes, and ensure that individuals and production studios visiting these areas will have the much-needed internet connection. This is a very new niche, and you will have a lot of room to establish yourself and gain substantial market share.
Rent cost: $15 – $65
RVs and campervans
RVs and campervans have grown to become a very exciting, unique, and convenient way to get on the road, combining transport and accommodation into one vehicle. This is indeed a very valid rental business to consider especially since you will be offering your clients a comfortable and affordable way to experience nature.
Rent cost: $80 – $300+ per night.
The popularity of VR headsets has soared in recent years. Those who want one can purchase them quite conveniently, but they are still considered costly for many. Have in mind that people rent a VR headset for a wide range of reasons, from children’s parties to medical research. Note that this makes them a viable market to get into as there are numerous demographics to render those services to.
Rent cost: $15/Day
This equipment is needed for a vast range of purposes, like showing videos, displaying slideshows, or presenting vital information. You can start a business that rents out projectors, and offer your services to individuals or organizations looking to avert the expense of buying one.
Rent cost: $50 to $750 per day
Retail LED displays
These giant LED displays are prevalent in malls as well as other shopping areas. Most often, they are rented from a company that specializes in them. Note that they are expensive to purchase. And since they are most often only used for a short promo run, it makes much more sense to rather rent them than purchase them.
Rent cost: $4,000 – $15,000 a day
No children’s event or celebration is complete without a bounce house. Those bounces are most likely rented from a local party supply business. Parents celebrate their children’s birthdays every weekend, as such if you reside in a city with a good population, it means good business, especially during the summer months.
Rent cost: $125 to $285 per day
This is indeed one of the fastest-growing businesses in the travel industry. It provides clients with beautiful and lavish memories they will forever cherish. Indeed, not everyone can afford a luxury yacht, as such if you have the capital to make the purchase, you can make good money renting them out. Howbeit, remember that your location matters a lot when looking to start this business.
Rent cost: $500 – $20,000 per day
Golf cart rental is a very lucrative business. Vacation communities are always searching for businesses like these since they make it possible for tourists to get from place to place without using their vehicles.
Rent cost: A four-passenger golf cart is $65 per day and a six-passenger cart is $110 per day to rent.
Renting this equipment is no different from renting a car or an apartment. These businesses make it possible for prospective clients to test the machine and get a feel of how it works and what kind of benefits they will obtain from it. In this modern age, people wouldn’t want to make a long-term commitment to the machine until they are certain that it will fit their needs and lifestyle.
Rent cost: $10-30 per hour and $30-$60 per day
These are renowned as one of the most popular items to rent, particularly in areas that are popular with adventure tourists. Note that you can source and purchase them quite cheaply, making them affordable for anyone who is considering starting up a lucrative rental business in a tourist hotspot.
Rent cost: $35 and $125 per day.
Toys can be overly expensive, and kids will rarely be interested in them for a long time. Have it in mind that this has propelled the emergence and growth of toy rental businesses, allowing you to quickly switch out a child’s toys every few months.
Rent cost: $3 – $25 per day
Tables and chairs
These are without doubt another most rented items in the world. They are most often rented alongside party tents. Those looking to host events will want their guests to sit somewhere. While it is possible to take tables and chairs from home, but it’s a lot of hassle to set up and transport. Owing to that, most people prefer to rent those things from a party rental company.
Rent cost: Chairs cost around $1.00 – $6.00, while tables are around $6-$9.
They are in most situations rented together with cameras by everyone from students to production studios. They are considered necessary when shooting film and video to guarantee the appropriate lighting conditions. Despite often being rented with cameras; more rental businesses prefer to specialize in renting out LED lighting.
Rent cost: $24 – $40
Cameras and camera lenses
This is indeed a good rental equipment to consider especially if you are a photographer or camera enthusiast. A good proportion of creatives, from students making films in college to full-fledged product studios, tend to rent cameras. By providing a wide assortment of camera options and lenses, from entry-level DSLRs to high-end mirrorless cameras, you can meet the needs of numerous people and make good money.
Rent cost: $65.00 to $195.00
Boating has long been a renowned vacation activity, particularly in coastal areas and around lakes. Although it will likely depend on the size of the boats and your target audience, they can be quite affordable and lucrative. You can choose to offer other options such as kayaks, jet skis, and paddleboards.
Rent cost: $250 to $2000+
Small construction businesses are known to rent earthmoving equipment as they are much more affordable than buying them. It simply means that they get the benefits of the equipment’s capabilities without having to spend money purchasing and maintaining it themselves.
You will also find construction rental businesses that choose to sub-rent the equipment for larger companies and make good income.
Rent cost: $900 and $1750 per day
Most often, people who are learning how to play the guitar prefer not to buy one immediately. Ideally, people will rent guitars from the school offering the lessons, but they will also rent them from other local businesses. The margins for guitar rentals are known to be very low, but they indeed will bring in good income as a side business.
Rent cost: $30-50 per month
You can start a business that rents arcade games and make it possible for customers to enjoy the fun of playing new and classic video games. If you can get the ones that are in demand and you’re priced competitively, you would enjoy the income that comes from this endeavor.
This equipment is known to be in demand, especially for parties and other events where people want to feel the nostalgia of playing arcade games.
Rent cost: $345 – $2500
Anyone in the right location and market with the right customers can make good money renting scaffolding. This equipment is a must in every large-scale building project, as such you will benefit from the ever-available demand. You don’t even need to have your inventory. You can sub-rent from other scaffolding businesses. This makes it much easier to get started in scaffolding rentals.
Rent cost: $15-$50 per day
For a good number of people, splashing on a complete set of hiking gear is not realistic especially since they only need it for a few times. Renting hiking gear has grown to become a viable alternative. Most often, hiking gear is rented together with camping gear, as the two go hand in hand.
Rent cost: Prices begin from $1 per day, but vary depending on season, number of rental days, and popularity.
This has become a growing trend, especially in recent years. You can start a business that rents things like refrigerators, washing machines, and dishwashers. It reduces upfront costs for tenants who require more funds to buy those appliances.
Rent cost: Starting from $29.99, but will depend on the appliance and your location
Strollers are known to be big and clunky, and this makes them hard to carry around. This has given rise to things like renting strollers, at vacation destinations. Normally, your stroller rental business will need to be situated inside or near transit hubs. This makes it more convenient for customers to pick them up.
Rent cost: $8 – $20 per day
Exotic cars are another viable option to consider when looking for a rental business to start. A good proportion of folks will not be able to afford them in their lifetime and may want to experience what driving one is like. There is also a significant demand for exotic cars for music videos and movies. This makes it possible to make massive profits by renting out exotic cars.
Rent cost: $1,000 to $25,000 a day
In this modern age, surfboard rentals are a valid source of income for surf shops and surf schools. You can make good money from this endeavor if you possess one that you don’t always use.
Rent cost: $30 to $50 for a full day.
This is without doubt another viable option to consider. For the beginner snowboarder, it is often recommended that they rent a snowboard and gear for the first season. They can purchase their personal snowboard when they are able to handle one.
Rent cost: Around $50 per day for snowboard, boots, and helmet.
This is one of the viable options to consider when looking to start a lucrative rental business. However, you will want to ensure you are at the right location and that you have the necessary demand for the equipment. Nevertheless, there is money to be made here.
Rent cost: $35 for a half-day and $45 for a full-day trip
Fitness fanatics, beach lovers, surfers, or simply anyone who likes paddle boarding will make up part of your regular target market. A paddle board rental business can be quite profitable if you target the appropriate consumers.
Rent cost: 1 hour is $20.00. 3 hours is $30.00. 4 hours is $40.00
You should also consider renting diving gear since they are known to be quite costly. Anyone new to the sport will indeed be hesitant to immediately buy their own gear. In the beginning, it will make more sense to rent gear. They can then buy their own when they are more comfortable with diving.
Rent cost: Around $120-$250 per week, excluding the cost of filling up nitrox.
In this line of business, it cost around $85 to rent a jet ski for one hour. Your profit margin after fuel and maintenance should be about 80%.
Note that in your first few years, it is possible to rent two jet skis per day for 5 hours each for 175 days of the year, and that’s around $150,000 in yearly revenue. It also entails around $120,000 in profit, especially when considering the 80% margin.
Rent cost: $80-$100 per hour
It is also possible to purchase motorcycles and rent them out to willing clients. This is without doubt a great way to earn income on unused motorcycles. Although you won’t get rich, but this is a way to make a little cash — as long as you’re willing to do basic maintenance.
Rent cost: $80 to $350 per day
This sort of venture comes with a wide range of benefits and can ensure that hosts put out a very exciting event. It also makes it possible for individuals to have access to a much wider range of quality equipment than they may be able to get if they are looking to buy.
Rent cost: Starting from $10 depending on the equipment.