By Michael Wong | January 3, 2022.
Rent Out Parking Space
Do you have an unused parking space, driveway, garage, or parking lot?
If you do, then you can make money renting out your parking space for an hour, a day, a week, or a month at a time.
The closer you are to popular areas, such as sports stadiums, concert halls, theaters, airports, etc., the more demand there will be for your parking space.
- How Much Do Renting Out Parking Spaces Make?
- Top 3 Sites To Make Money Renting Out Your Parking Space
How Much Do Renting Out Parking Spaces Make?
Rent out parking spaces for up to $5 per hour, $30 per day, $100 per week, and $400 per month.
Top 3 Sites To Make Money Renting Out Your Parking Space
Here are my top three parking marketplaces to find customers for your parking spaces. Visit each website for more information:
1. SpotHero (Visit spothero):
- Rent out your off-street parking space by the hour or the month, on the SpotHero parking space marketplace.
- Fees:
- You choose the parking spot rate.
- For transactions up to $10, SpotHero charges 15% commission.
- For transactions $11+, the commission is 15% + $0.99.
- Earnings paid monthly by check or direct deposit into your bank account.
- You choose when the parking space is available for rent.
- Refer a friend - they receive $7 off their first spot and you receive $7 as well.
- SpotHero operates in select cities in these US states:
- Arizona
- California
- Colorado
- Delaware
- District of Columbia
- Florida
- Georgia
- Illinois
- Indiana
- Kentucky
- Louisiana
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Missouri
- Nevada
- New Jersey
- New York
- North Carolina
- Ohio
- Oregon
- Pennsylvania
- Rhode Island
- Tennessee
- Texas
- Virginia
- Washington
- Wisconsin
- Mobile app ratings:
- Android: 4.3 (2,500+ reviews / 500,000+ downloads)
- iOS: 3.9 (480+ ratings)
- 12 million+ cars parked.
- Funding: $57.5 million (http://c1ick.us/spothero-crb)
- Employees: 51+ (est. 2011) (http://c1ick.us/spothero-lkd)
- Minimum age: 18+
- Countries: USA, Canada (Parking Panda).
- Free to join: Yes
2. ParqEx (Visit parqex):
- Rent out your parking space by the hour, day, week or month on the ParqEx parking space marketplace.
- Fees:
- You choose the parking space rate.
- ParqEx takes 15% of the rental fee and you keep 85%.
- Earnings paid by check, PayPal, Chase Quickpay, Google Wallet, or direct deposit into your bank account.
- Dynamic suggested pricing to help you set your rates.
- You choose when the parking space is available for rent.
- You decide who to rent to.
- Phone, email, and online knowledge base support.
- ParqEx Access+ Garage Door Opener gives you control of who accesses your garage (optional).
- Price guide (Boston Downtown):
- Hourly: $4 to $4.50
- Daily: $25 to $30
- Weekly: $100
- Monthly: $350 to $400
- ParqEx operates in:
- Boston
- Chicago, IL
- Downers Grove, IL
- Los Angeles
- Madison, WI
- Miami
- Milwaukee, WI
- Philadelphia
- San Francisco
- United Center, IL
- Washington D.C.
- Wrigley Field, IL
- Mobile app ratings:
- Android: 3.6 (30+ reviews / 5,000+ downloads)
- iOS: 4.3 (25+ ratings)
- Funding: $1.3 million (http://c1ick.us/parqex-crb)
- Employees: 2-10 (est. 2014) (http://c1ick.us/parqex-lkd)
- Minimum age: 18+
- Countries: USA
- Free to join: Yes
3. Spot (Visit spot):
- Rent out your parking space by the hour, day, week or month on the Spot parking space marketplace.
- Fees:
- You choose the parking spot rate.
- Keep 80% of rental fee.
- Earnings paid bi-weekly or monthly by direct deposit to your bank account, PayPal, or Venmo.
- You choose when the parking space is available for rent.
- Dynamic suggested pricing to help you set your rates.
- Set can explicit time restrictions.
- Mobile app messaging, online chat, and email support, 10 a.m. to 10 p.m., 365 days of the year
- Price guide (Boston Downtown):
- Hourly: $4 to $4.50
- Daily: $25 to $30
- Weekly: $100
- Monthly: $350 to $400
- Spot operates in these cities:
- Boston
- Chicago
- Los Angeles
- Miami
- Philadelphia
- San Francisco
- Seattle
- Washington, D.C.
- iOS mobile app rating: 4.2 (10+ ratings)
- Funding: $1 million (http://c1ick.us/spot-crb)
- Employees: 11-50 (est. 2013) (http://c1ick.us/spot-lkd)
- Minimum age: 18+
- Countries: USA
- Free to join: Yes