30+ Things You Can Rent Out To Make Money in the UK 2024
Last updated: 24/03/2024 Written by: Ruby Layram
If you’re looking for a (fairly) quick way to make some extra cash in 2024, you could consider renting out items that you don’t use regularly yourself. There are a number of platforms that can be used to rent out anything from clothing to spare cupboards and cars.
When you rent an item to another person, the income is guaranteed. This makes it a great side hustle to consider if you are looking to make money quickly or without spending months waiting for your first sale.
We have spent time searching the internet to find as many rental opportunities as possible. In the following article, we reveal 30 things that you can rent out to make money in the UK 2024.
30 Easy Things To Rent Out For Profit in the UK 2024
If you look hard enough, you will be surprised by the number of items that you can rent out from your own belongings. In fact, you might be sitting on an extra steady stream of income without even realizing it.
Below are 30 things that you can rent out to make money in the UK.
1. Electric bikes
Electric bikes are a popular way to get around cities in the UK. However, buying one outright come with high costs. As a result, eBike owners can make a good side income by renting their bikes out to others.
Where to rent out your electric bike:
JoyRide (most suitable for people with multiple bikes to rent out)
2. Party tents
Party tents are rented out for occasions such as weddings, anniversaries, and graduations. Owning a tent requires a storage space which means the most people would rather rent them out than buy their own.
Although you might not already own a tent to rent out, you could invest in party tents are start your own small business. Party tents fetch a high hourly rate which makes them a worthwhile investment. According to Poptop UK, tents can be rented out for anywhere between £100 and £1400 per hour.
Where to rent out party tents:
Booqable: Build your own party tent rental website and start attracting customers in your area.
3. Power tools
You can rent out your drills electric saws, grinders, and other tools to DIYers who don’t have their own. This is a great side hustle idea for anyone who has their own collection of tools that don’t get much use.
Where to rent out power tools:
4. RVs and campervans
If you own an RV or Camper that is in need of some use, you could make a steady stream of passive income by renting it out to holidaymakers.
According to Goboony, your camper could be rented out for up to £1200 per week in the UK.
Where to rent out your campervan:
5. Paddleboards
Renting out a paddle board is a great way to earn some extra cash of you live near a beach, lake or river in the UK.
Paddleboarding is a popular watersport that sees a significant rise in demand during the summer months. In peak season, paddleboards can be rented out for £20 per day. This means that you could easily earn £100 per weak by renting your board out for five days.
Where to rent out your paddleboard:
Facebook: A popular way to rent out your paddleboard is to create a Facebook listing and post it in local groups.
6. Musical instruments
You can rent out musical instruments to students and players who can’t afford to buy their own. This is a great passive income side hustle for anyone who own an instrument that they no longer use.
7. Your roof
You can rent out your roof space for solar panel installation and make extra income with hardly any maintenance. This is called rent-a-roof and it is becoming increasingly popular in the UK.
By renting out your roof you can earn money whilst helping to generate sustainable energy.
Where to rent out your roof:
8. Photography equipment
You can rent out professional photography equipment to be used at occasions or on photography trips. For many people, renting professional equipment is a much more accessible alternative to buying their own.
Where to rent out your photography equipment:
9. Drones
You can rent out your drones to filmmakers who can’t afford to purchase one outright.
By renting out your drones, you can turn your tech into an investment and even make back the money that you spent buying it.
Where to rent out your drones:
10. VR headsets
VR headsets are a fairly new technology that are increasing in popularity amongst gamers, students and developers which makes them on of the most lucrative rental business ideas in the UK right now.
If you were lucky enough to be able to afford a headset of your own, you could earn your money back by renting it out to others.
Where to rent out your VR headset:
11. Storage space
Do you have a garden shed that doesn’t get used? Or perhaps some spare loft space?
You could turn the empty space into cash by renting it out to people who are in need of some extra storage.
Read: How to make money from Airbnb without owning a property
12. Parking space
Parking spaces are one of the most lucrative things that you can rent out to make money in 2024. Especially if you live in a busy city or tourist hot spot.
Parking spaces can fetch anything from £20 to £100 per day depending on where you’re located which makes them a great rental opportunity.
Where to rent out your parking space:
13. Spare room
Spare rooms can be rented to students and tourists who want a cheap place to stay.
Renting out spare rooms in your house is a great way to earn passive income from your property, which could help you afford the ever-rising cost of living!
If you rent the property that you live in, consider subletting the space. If you choose to do this, you will need to get your landlord’s permission.
Where to rent out your spare room:
14. Your home
If you’re lucky enough to own a second home, you could make a healthy second income by renting it out for short-term or long-term periods.
There are numerous options for this and it is a good idea to properly research each opportunity before making any decisions.
Where to rent out your home:
15. Beach hut
Renting out a beach hut is a great way to make passive income in the uk, especially during the summer.
Beach huts can be rented out for parties or to families who want a space to relax on the beach during their summer holiday.
During peak season, beach huts can be rented out for around £75 per day.
Where to rent out your beach hut:
Your local beach website
16. Tents
Tents are an excellent item to hire out in the UK. If you have a spare camping tent that doesn’t get much use, you could turn it into a second income stream by renting it out to other campers.
Where to rent out your tent:
17. Photobooths
You can purchase photo booths from party suppliers and make a steady stream of income by renting them out to event hosts.
Where to rent out your photobooth:
Most photobooth renters use their own websites to attract customers. Similarly, you could list your service on local Facebook groups to increase your chances of receiving a booking.
18. Vending machines
Starting a vending machine business is a great source of passive income in 2024.
Although they have a high purchase price, the average machine brings in around £350 per month, making them a very lucrative investment.
You could rent your vending machine to companies who are in need or a snack supply for their staff or customers.
19. Suits
Renting out suits can be a smart way to capitalize on formal wear for special occasions and make money from that suit you bought for a wedding 3 years ago and never wear!
Where to rent out your suit:
20. Designer handbags
Offer a touch of luxury by renting out designer handbags for events and special occasions.
This is a great way to turn your handbag obsession into a source of income. The money that you make from renting could even justify further bag purchases!
The daily rental price of handbags is usually between 10% and 20% of the retail value. This means that you could make back the cost of your bag in less than 2 weeks.
Where to rent out your handbags:
21. Designer clothing
Turn your high-end fashion collection into a rental business, catering to those who seek occasional glamour but can’t justify buying items outright.
Most clothing rental companies with insure your items to protect you from potential damage or wear
Where to rent out your designer clothes:
22. Boats
If you own a boat, consider renting it out for various occasions, from leisurely cruises to fishing trips. This is a great rental business idea in the UK that will turn your vessel into an asset.
Boats are very expensive which makes it difficult for a lot of people to experience them. You could make boating more accessible by renting a boat out for a reasonable price.
Where to rent out your boat:
23. Cars
Renting out cars for short-term use can be a profitable venture. This beginner side hustle works particularly well for people who live near airports or in busy cities.
You can make money renting out your car and earn up to £600 per month passively.
Where to rent out your car:
24. Laptops
Cater to the temporary tech needs of others by renting out laptops for specific projects or events. This might be an appealing side hustle idea for software developers, coders, or anyone else in the tech industry.
Where to rent out your laptop:
25. Artwork
Make your art collection work for you by renting it out to individuals or businesses looking to enhance their spaces.
Where to rent out your art:
26. Skips
In the UK, it is possible to purchase skips that can be rented out to people who need to get rid of waste.
This rental opportunity requires significant storage space as skips are very large. However, if you are able to store the waste disposal units, it can be a very lucrative side income.
27. Moving boxes
Provide a cost-effective solution for individuals moving homes by renting out moving boxes.
Moving boxes are fairly easy to buy and store and can be rented out for around £2 per box. Renting out moving boxes is one of the most innovative rental business ideas in the UK and is a great option for people who are looking to turn their renting side hustle into a viable small business.
Where to rent out moving boxes:
The best way to start renting out moving boxes is to create your own website and use local SEO to attract customers in your local area.
28. White goods
Rent out appliances like refrigerators or washing machines to those in temporary need. This is a good option for anyone who has unused goods in currently in storage.
29. Wedding dresses
Turn your wedding dress into a rental item for brides seeking affordable options for their special day.
This is a great way to earn back the price of your dress without having to sell it completely.
Where to rent out your wedding dress:
30. Advertising space on your car
Turn your car into a mobile billboard and earn money by renting out advertising space.
This is a great source of passive income for anyone who doesn’t mind having a few more colors on their car.
Learn more in our guide about how to make money putting ads on your car.
What Are The Most Rented Items in the UK?
According to Profitable Venture, the most hired items in the UK include books, cameras, costumes and props, furniture and cars.
Understanding which items have the highest demand is a good way to decide which rental business ideas are worth pursuing.
If you’re looking to turn your renting side hustle into a long-term business venture, it is a good idea to offer items that are in demand year-round. It is also a good idea to diversify your business by renting out items in various categories. This will help you to scale and see long-term growth.
The rental business market is heavily influenced by seasonal trends. Therefore, the most rented items are likely to change throughout the year. It is a good idea to stay on top of changing trends and try to capitalize on them.
What Can I Hire Out To Make Money in the UK? - The Verdict
In the UK, you can hire out anything, from clothing to cars, to make extra money. Online rental services make it possible for anyone to generate extra income from items that they already own. If you look hard enough, you will definitely be able to find an item from the list above that you own.
To be successful, make sure to list your items accurately, keep them in good condition, and provide a fast delivery service to renters.
In this article, we have covered 30 things that you can rent out for passive income in the UK. However, this list is not exhaustive. There are a number of other renting opportunities out there that could be profitable side ventures in 2024.
FAQs
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According to Booqable, the most rented products are event decor and equipment.
In general, items that are commonly rented tend to be those that are very expensive or novel.
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The best equipment to buy to make money in 2023 is photography equipment, events hosting equipment, DJ equipment and vending machines. Each of these products can be rented out for passive income.
All of our articles are written to help our readers to learn about different side hustles, how they work and how to start earning money from them. Although we mention potential earnings, it is important to understand that there is no guarantee that you will make money from any of the side hustles that are mentioned on our site. Making money from a side hustle requires consistency and significant effort. While we aim to provide useful insight into each side hustle opportunity, it is down to you to follow the right steps towards making any profits.
About The Author
Ruby is the founder of The Rich Girl Guide and has been writing content around personal finance, side hustles and wellbeing for over 3 years. You can find some of Ruby’s published articles on The Motley Fool UK, Tradingplatforms.com and Buyshares.co.uk.