How much does it cost to rent a mansion?
As we mentioned above, this cost will vary enormously — just as mansions themselves vary quite a bit, each with its own unique character. When it comes to the actual price, expect the mansion’s location, historical significance, and size to be the most significant factors.
A big factor in this is also where you’re looking to rent. The rental cost will typically mirror the overall cost of living in the city where the property is located. If you’re in an affordable city, you won’t have to shell out the same amount of money as someone in New York City, Los Angeles, or San Francisco.
Another factor that causes the cost to vary is whether or not the home is officially designated as historic; the most prominent such programs include the National Historic Landmarks (NHL) program and the National Register for Historic Places (NR). These indicate that a home is particularly special, to the point that it’s considered worthy of preservation.
We can all agree on one thing: mansions are big. However, there are degrees of mansion size that will affect the price to rent one. You’ve heard the terms “mega-mansions” and “mini-mansions.” These refer to the size of the mansion itself of course, with the home’s overall scale making a significant difference in the cost.
All of the incredible amenities within the mansion will drive up the rental cost as well. Features like swimming pools, water features, gardens, chef’s kitchens, spas, and balconies can add a premium price tag to any booking.
And, of course, your price will vary by how long you’re planning to rent the space. The longer, the pricier. However, some hosts offer discounts for extended rentals. Although, what days you book play a factor, too. For most rentals, weekends and holidays are more expensive to book than a random day during the week.
Mansion rental costs on Peerspace
Despite all these factors, we’ll do our best to give a rough estimate on properties in a few cities throughout the country.
In New York City, prices for a mansion rental vary from about $175 per hour to as high as $1,000 per hour. In Chicago, you’ll find mansions ranging from just $300 per hour to $700 hourly. And, in Los Angeles, you’ll find prices as high as $2,000 per hour for some massive estates, as well as $250 hourly on the low end.
In the country’s most prominent and highly populated cities, a fair average/estimate for mansions in general would be about be about $500 per hour, which adds up to about $3,000 for six hours.
And by the way: when you’re estimating how long your rental period will need to be, don’t forget to factor in the time it’ll take to set up, as well as to clean and pack everything up — that’s the only way to make an accurate assessment.
Discover some of the most opulent mansions in the country with our mansion rentals in New Jersey guide!