If you’re a professional contractor, then you know that excavators can be crucial pieces of equipment on many job sites. But how much does it cost to rent an excavator?
We wish we could give you a straightforward answer, but many factors can affect the price of excavator rentals. The type of excavator you need, how long you need it, and where you’re renting it are just a few examples.
To better understand what you might expect to pay, we’ve laid out some average excavator rental prices below. However, these are only meant to be guidelines, and your actual costs may vary drastically based on the factors we’ll lay out for you.
- Small Excavators: $200-$400 per day.
- Medium Excavators: $400-$600 per day.
- Large Excavators: $600-$800 per day.
- Extra-Large Excavators: $800+ per day.
There are a lot of factors that go into the cost of renting any equipment, including excavators. Everything from the size of the machine to your geographical region affects the total you’ll end up paying.
Size of the excavator matters.
The size of an excavator can have a significant impact on the cost to rent one. A smaller excavator will generally be less expensive to rent than a larger one. A mini excavator may run you around $250/day, whereas a full-size 60,000lb excavator could cost upwards of $1500/day.
However, the size of the excavator will also affect how much work it can do. A larger excavator can handle more material in a shorter amount of time, making it a better choice for larger projects.
In addition, the size of the excavator will also affect how difficult it is to maneuver. A smaller excavator will be easier to maneuver around tight spaces, while a larger one may be more difficult to control. As a result, the excavator’s size can significantly impact both the rental price and the machine’s performance.
Duration of the rental.
When renting an excavator, one of the critical factors that will affect the rental price is how long you need it.
Obviously, the longer you need to use the excavator, the more it will cost. However, there are a few other things to keep in mind as well.
For example, if you need to use the excavator for an extended period, you can get a discounted rate. Many places offer daily, weekly, and monthly rates, so if you know you’ll need the excavator for more than a day, it’s worth asking about discounts.
We’ve found that many companies won’t rent out their larger machines on a daily basis, but instead they may rent them out on a monthly basis.
Typically, if you need the excavator for three or more days, renting it for a week is best so you can get the weekly discount. A monthly rental is likely your best bet if you need it for longer.
Location fluctuations in cost.
The cost of renting an excavator can be affected by regional and local market conditions.
In general, excavator rentals will be more expensive in larger metropolitan areas than in smaller towns. This is because the demand for excavators is higher in these areas, and rental companies can charge more.
Additionally, the cost of living in a given area can also affect how much an excavator rental costs. In general, excavator rentals will be more expensive in areas with a higher cost of living. We recommend renting an excavator from the outskirts of major cities and transporting it to the jobsite. In the end, the transport costs are much cheaper than urban rental rates.
However, it’s also worth noting that the local market conditions can significantly impact excavator rental prices. If there’s a lot of construction happening in an area, the demand for excavators will be higher, and the rental costs will also be higher.
On the other hand, if there’s not a lot of construction, the demand for excavators will be lower, and the rental prices will also be lower.
We recommend calling around a few different places to see how much they charge for excavator rentals. This will give you a better idea of the average cost in your area and help you get a better deal. While they probably won’t price-match, most places will be willing to give you a discount if you’re renting multiple excavators or if you’re renting for an extended period.
Don’t buy an excavator… Rent one!
Renting an excavator can be a great way to save money on your next construction project. Buying any excavator is a significant investment, and you need to plan on using it frequently to make sense to purchase one.
The average cost to rent an excavator for a day is around $600, but prices can vary depending on the type of excavator and the length of time you need it. To get the best deal possible, compare rates from multiple companies before deciding.
