Go RV Rentals’ 2023 RV Rental Price Index found RV rental prices remain unchanged from a year ago.
The index found the base cost to rent an RV is $184 per night, the same rate as last year.
The base cost represents the average base price of all RV types across 20 sampled metro locations. Furthermore, $184 excludes miscellaneous charges such as insurance, service charges, optional equipment and sales tax, which together may add 50% or more to a bottom-line trip cost.
While overall inflation is 5%, according to the Bureau of Labor Statistics, travel prices surged well beyond that rate, Go RV Rentals founder David Kosofsky said.
“With a 0% inflation rate combined with lower gas prices,” Kosofsky said, “RV rentals are indeed the vacation travel bargain for 2023.”
RV rental prices range from an average daily rate of $89 for a pop-up camper to $307 for a Type A motorhome. A mid-priced travel trailer and Type C motorhome average $117 and $217, respectively.
Within the sample, the lowest daily rate observed was $30 for a pop-up camper and the highest daily rate observed was $875 for a Type A motorhome.
“Renting an RV is relatively cheap compared to the cost of owning one,” Kosofsky said. “Most RV owners only use their RV about 20 days per year, according to the RV Industry Association, so the vehicle sits idle 345 days. All the while, the owner is making a monthly note payment and/or suffering depreciation on top of the cost of storage, insurance, property taxes, maintenance, and repairs.”
The 2023 RV Rental Price Index measures all RV types and includes 20 major U.S. metropolitan markets.
For more, click here.