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What is the price to rent the car? Advertiser Disclosure Advertiser Disclosure We are an independent, advertising-supported comparison service. Our goal is to help you make better financial decisions by offering interactive financial calculators and tools as well as publishing unique and impartial content. We also allow users to conduct research and compare information for free - so that you can make financial decisions with confidence. Bankrate has partnerships with issuers, including but not restricted to, American Express, Bank of America, Capital One, Chase, Citi and Discover. How We Earn Profit The deals that are advertised on this website are provided by companies who pay us. This compensation can affect the way and where products appear on this site, including such things as the order in which they may appear within the listing categories, except where prohibited by law. Our loan products, such as mortgages and home equity, and other products for home loans. This compensation, however, does have no impact on the content we publish or the reviews appear on this website. We do not cover the vast array of companies or financial offers that may be open to you.



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5 min read published October 19, 2022
Writen by Rebecca Betterton Written by Auto Loans Reporter

Rebecca Betterton is the auto loans reporter for Bankrate. She is a specialist in helping readers with the ins and outs of securely using loans to buy an automobile.







Edited by Rhys Subitch Edited by Auto loans editor

Rhys has been writing and editing for Bankrate since the end of 2021. They are passionate about helping readers gain confidence to control their finances with precise, well-researched and well-written facts that break down complex topics into manageable bites.









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If you're on vacation and want the freedom and convenience of a car while you explore or need a car while you're at work it's likely that you'll need to hire a car at some moment in the future. There were 1.8 million rental vehicles in service in 2021 . Costs vary depending on the type of car you lease, the rental car firm you select and the location where you lease the car. Understanding the factors that influence the cost will allow you plan your expense. The typical cost of a car rental to rent a vehicle varies dependent on the location, car type , and the rental company. But the average cost at mid-October 2022 was around $81 per day . To determine the cost you're likely to pay contact Hertz, Enterprise, Avis or other rental companies you're thinking of using to prepare for the cost. Factors that impact rental car costs Several details affect the cost of renting a car -- as well as outside of your control. Save money where you can by knowing what influences price. Car type when selecting an automobile rental the first question that renters want to know is the amount of space they require. Car rental companies classify their vehicles according to size. Economy cars are generally the least expensive and smallest rental companies provide. They can accommodate two or three people together with luggage. The compact or intermediate models offer more space than the economy models generally through more space in the trunk. Intermediate cars can hold up to four persons with a small volume of bags. The standard vehicles that have full-sized back seats have room for four adults. They also offer plenty of trunk space, which makes them a great option for families with a considerable amount of luggage to bring along. Luxury vehicles are premium vehicles that include everything from sportsy convertibles to full-size SUVs and vans. Most of the time, the daily rental fee will increase with the size and class of the car or truck. But, occasionally, rental companies provide special deals on vehicles in certain categories, especially if they have plenty of them in stock. For instance, if the business has a restricted amount of economy vehicles available to rent for a certain weekend, they may offer a discount on standard vehicles. Below are the lowest cost per day for various kinds of vehicles, according to Kayak. Type of vehicle
Approximate capacity
Least expensive rate per day
Economy
2 adults, 2 bags
$14
Compact
4 adults, 2 bags
$10
Intermediate
5 adults 3 bags
$14
Standard
5 adults, 3 bags
$23
Full size
5 adults 2 bags
$18
Full-size SUV
5 adults, 2 bags
$34
Minivan
5 adults, 5 bags
$30
Premium
5 adults, 5 bags
$26
Kayak in October 2022. Location Similar to other goods or services, costs vary depending on demand and supply. A lot of people get better car rental deals in the middle of the city rather than the airport. Rental fees also vary in various regions across the country. Tourist areas that are heavily populated could have lower rental costs than other places due to the increasing competition. They may also have higher fees during popular seasons where demand is extremely high. Location
Average rental cost per day
Atlanta
$50-$85
Chicago
$47-$85
Houston
$51-$84
Las Vegas
$47-$78
Los Angeles
$48-$67
Miami
$34-$64
New York
$68-$111
Orlando
$43-$65
Kayak at the time of writing in October 2022. Age of the driver The renter's age has a significant impact on the price. The younger the driver, the greater cost, since younger drivers pose a higher risk to rental businesses. A lot of rental companies don't rent to anyone younger than 20 years old. Renters may be charged extra fees for renters who are young. According to the state, these fees can be anywhere from $40-$65 per day. Take into consideration these costs when determining the driver for your rental. Certain states have fees for drivers in certain age ranges. For instance, hiring through Enterprise in Michigan comes with an additional $40 daily charge for drivers aged 18 to 20 years old, and $19 per day for drivers between the ages of 21 and 24. Young renters in New York can expect to be charged an additional $64.50 in order to cover their age. However, not every rental firm charges these fees. Be aware of both the cost per day as well as additional fees when you decide which rental company to use. What can you do to get the most deal on your rental car Although a rental car's price is determined by a variety of variables but there are a few options you can take to leave with a bit of money in your pocket. Comparison shopping You can get a better deal for your next rental car by comparing. The prices vary from one rental service, therefore a little legwork could land you a lower price. Comparison websites such as Priceline, Expedia, AutoSlash and Kayak allow you to find the best rental car rates. Check out the websites of the rental company to ensure that you're getting best price available on the vehicle. Refill the tank. Be sure to refill the gas tank before returning the rental vehicle to the rental agency. You'll avoid additional fees for refueling. Book early Booking your rental car in advance allows you to get the right vehicle, avoid long lines, and possibly save money. This is particularly important if you intend to travel around a major holiday. Don't add any additional items before receiving the keys to your rental, you will likely be provided with a variety of add-ons. These could include GPS or toll plan, accessibility to XM radio, and even car seats. Do not use these features if you can to save money. Another costly option is often offered when you reserve or pick up the vehicle. It could add 15 to $30 per day, however, it may save you thousands if there is an incident or the vehicle is stolen. The four kinds of typical rental car insurance include: Loss-and-damage waiver (LDW) (also known as collision damage waiver (CDW) will provide coverage in the event that your car is damaged or stolen. Additional liability protection: protects you from liability if you damage property or other vehicles. Personal accident coverage: will cover medical costs for yourself and passengers (if applicable) in the event you encounter an accident. Personal effects coverage: covers the cost of items that are that are stolen from the rental vehicle. These protections may already be or current auto or homeowners insurance policy. Certain policies have limitations, however you should verify how they interact together with your credit card provider or insurance company. Hidden charges and other costs Car rental companies also have hidden fees that affect the price of renting. They build some of these charges into the cost of the rental. Some of them may appear on the statement for several months following the rental period. Renting a car at the airport will cost more than renting through an off-site service. This is because the airport charges fees like the airport concessions fee as well as a customer facility charge which the rental car provider transfers to the customer. Certain companies place an authorization hold on the client's debit or credit card. This charge, which can range from $150 to $500, gives the rental car company some protection if the renter damages or fails to return the vehicle. The company can release the funds within a couple of days after receiving the rental car back in a good state. A lot of businesses charge a cancellation fee to renters who make reservations within 24 hours of the rental. If the renter has paid by advance, the business will refund the amount less the cancellation cost. Renters who wreck the interior or exterior of the vehicle have to pay for the repairs . Inexperienced renters could end up paying for damage caused by previous drivers. Thoroughly inspect the vehicle before driving it off the lot Take pictures of the apparent damage and inform the employee. The majority of rental agencies charge a daily fee to add drivers to the rental contract. The cost is determined by the rental agency and state. Modifying the conditions of the rental agreement by altering or expanding it could also incur an additional cost. The amount you'll be charged for can vary and you could pay more per day. However, being aware of these hidden charges can help renters realize why total rental cost is higher than the stated rental cost however, there's usually nothing that you can do to avoid these charges. The final cost of renting a car costs vary by rental agency, car type location, car type and the age of the driver. You'll also find that some locations are more expensive than other markets. However, there are ways to reduce your expenses such as searching around, making reservations in advance and avoiding add-ons. Check the fine print of your rental agreement to avoid having to pay any unexpected costs. Learn more


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Writen by Auto Loans Reporter

Rebecca Betterton is the auto loans reporter for Bankrate. She specializes in assisting readers in navigating the ways and pitfalls of taking out loans to purchase the car they want.



Editor: Rhys Subitch Edited by Auto loans editor

Rhys has been editing and writing for Bankrate from late 2021. They are passionate about helping readers to control their finances by providing precise, well-studied information that breaks down otherwise complex subjects into bite-sized pieces.






Auto loans editor




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