There are many items you may be able to rent to make extra money.
Renting out products or services can be a great way to make extra money with little work. If you’re not using the item anyway, then it can also be a great way to find use for items that you’re not wanting (or ready) to part with.
Basically, make your stuff work for you and learn how to make extra money!
Making extra money can change your life and it may help you:
- Pay off your debt;
- Save for things such as a vacation;
- Stop living paycheck to paycheck;
- Reach retirement sooner;
- Not feel as stuck at your job;
- Become more diversified.
Determining what you can charge for your rental items can vary widely. I recommend doing some research and seeing what the supply and demand are, what others are renting similar products or services for, and so on.
Related:
- 75+ Ways To Make Extra Money
- 10 Ways To Make Money Online From The Comfort of Your Home
- 10 Things I’ve Done To Make Extra Money
- Ways To Make An Extra $1,000 A Month
- The Airbnb For Cars: Your Guide To Making Money On Turo
Below are different things you may be able to rent to make extra money.
Rent your garage or parking spot to make extra money.
If you have extra space in your garage, you may be surprised to hear that there are people willing to pay you for this. Some just don’t have the room at their own place, but they still want a safe storage area for their belongings, such as a classic car.
I once heard about someone who made an extra $200 a month by doing this. I also know someone who rents their neighbor’s garage space.
You can also rent out a parking spot with Spot. Depending on where you live, you may be able to pull in a nice bit of cash each month.
Rent an extra room in your home to make extra money.
This can be a great way to find use for the space you already have. If you have extra space in your home or even if your whole home is available, then you may want to rent it out. You can rent out a room or your whole home on a daily, weekly, monthly, or even on a long-term basis.
The most popular home rental websites I know of include Airbnb and HomeAway.
Read A Complete Guide To Renting A Room For Extra Money.
Rent your bathroom to make extra money.
This one is similar to renting a room or home, but perhaps a little more interesting.
With AirPNP, you can rent out your bathroom.
Yes, this actually exists.
Rent your car to make extra money.
Did you know that you can rent out your car on an hourly, daily, weekly, or on an even long-term basis in certain areas? If you know you aren’t going to use your car and that your insurance will still cover your vehicle, then this could be an interesting idea with very little work needed.
The top website I know of for renting out your car is Turo.
Rent your money to make extra money.
Websites such as Lending Club allow you to loan your money to others and earn interest.
It’s similar to if a bank loaned money to an individual. You would be the bank and the person “renting” the money would be the individual borrower. Of course, you do need to be careful because just like with any loan, there is a risk.
Read How To Avoid The 3 Biggest Risks In Peer Lending.
Rent wedding and party supplies to make extra money.
Many brides nowadays are renting furniture and other event supplies so that they can save money and have less clutter. This includes couches, ceremony arbors, tables, chairs, centerpiece decorations, mason jars, photo booths, and so on.
To rent wedding decorations, you can place advertisements on websites such as Craigslist, have a storefront for wedding rentals and event supplies, and so on. You could also let those in the wedding industry in your local area know about your services as well because word of mouth is big in the wedding industry.
Rent yourself to make extra money.
Yes, I really just said that. You can rent yourself out as a friend on websites such as RentAFriend.
Here’s a snippet from their website:
RentAFriend.com has Friends from around the world available for hire. Rent a Friend to attend a social event, wedding, or party with you. Hire someone to introduce you to new people, or someone to go to a movie or a restaurant with. Hire a Friend to show you around a new town, teach you a new skill/hobby, or just someone for companionship.
What would you rent to make extra money? What would you not do?
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Zascha says
November 18, 2015 at 2:20 amI did not know you could rent out your bathroom! I love the idea! 😀
Michelle Schroeder-Gardner says
November 18, 2015 at 10:34 amHaha it’s an interesting way!
Yasir Khan says
November 18, 2015 at 2:40 amBeing resourceful is very important if you want to make extra money and there are lots of things that you can do. I am amazed that you can “Rent your bathroom” and “Rent yourself” to earn more. This sound interesting and fun, maybe I should check it out.
Michelle Schroeder-Gardner says
November 18, 2015 at 10:34 amYes!
Jaime says
November 18, 2015 at 3:30 amThe rent your bathroom and rent yourself as a friend are the most quirky ones. lol. There seems to be no shortage of ideas for side hustles.
Michelle Schroeder-Gardner says
November 18, 2015 at 10:35 amHaha, no shortage at all.
Dee @ Color Me Frugal says
November 18, 2015 at 5:47 amI had no idea you could rent a friend! That’s awesome, and probably a fun way to make some money- for the extroverts out there, anyway! Great list!
Michelle Schroeder-Gardner says
November 18, 2015 at 10:35 amThanks!
Kalie @ Pretend to Be Poor says
November 18, 2015 at 6:37 amWe are open to renting a bedroom and the bathroom on the lower level of our house. We will wait for the right person–whether it’s someone we know, or an intern at my husband’s worth, or someone else we have a connection of some type.
Michelle Schroeder-Gardner says
November 18, 2015 at 10:35 amAwesome!
Holly@ClubThrifty says
November 18, 2015 at 7:25 amRentaFriend sounds hilarious to me. It’s a good idea, but I would love to see how some of those matches work out!
Michelle Schroeder-Gardner says
November 18, 2015 at 10:36 amMe too! I was poking around the site while writing this article and I actually found a few of my Facebook friends on there.
Latoya says
November 18, 2015 at 8:09 amThe rent a friend idea is quirky indeed! It is interesting that you can rent out your bathroom though. Having trouble figuring out how there is a demand for something like that, but if it’s out there, there must be some demand, huh?
Michelle Schroeder-Gardner says
November 18, 2015 at 10:36 amHaha I have no idea!
Steve Miller says
November 18, 2015 at 8:34 amHow much will you pay to rent me? Ha! These are some creative ways to bring in a little extra cash. I have an early retiree friend that rented out his upstairs and it helped him retire early.
Michelle Schroeder-Gardner says
November 18, 2015 at 10:36 amHaha!
Adam says
November 18, 2015 at 8:35 amGreat article, I hadn’t heard about some of these!
Michelle Schroeder-Gardner says
November 18, 2015 at 10:37 amThanks Adam!
Kim @ YourFinanceProfessor says
November 18, 2015 at 11:09 amOh my goodness! I’m afraid of what might happen in my rented out bathroom. There are not many opportunities of this kind where I live, but I could see these as being great opportunities to get extra cash without doing a thing in bigger cities.
Michelle Schroeder-Gardner says
November 18, 2015 at 11:14 amHaha yeah I don’t think I could rent out my bathroom.
Jen says
November 18, 2015 at 11:46 amA friend of mine has a beautiful big backyard that he decked out with a pond and flowers. His backyard was featured in a garden magazine and now he rents it out for weddings. It is only for wedding ceremonies so it’s just for an hour or two and he is paid as much as a wedding venue!
Michelle Schroeder-Gardner says
November 18, 2015 at 11:52 amWow that is awesome!
Tanya @ A Mindful Migration says
November 18, 2015 at 1:05 pmMost of these I was familiar with but I have never heard of renting your bathroom. I’m not exactly sure I want to know how that works but kudos to whoever had the idea to do it and make it profitable!
Michelle Schroeder-Gardner says
November 18, 2015 at 2:30 pmHaha I agree with you.
Jason B says
November 18, 2015 at 3:26 pmThat rent a bathroom is funny. I will pass on that one.
Michelle Schroeder-Gardner says
November 18, 2015 at 3:50 pmHaha same here!
MrRicket says
November 18, 2015 at 3:27 pmHey, great article. Couldn’t believe you could rent a bathroom! lol
Cheers
MrRicket
Michelle Schroeder-Gardner says
November 18, 2015 at 3:50 pmHaha yeah! I would like to meet someone who actually rents out their bathroom. That would be an interesting interview…
MrRicket says
November 19, 2015 at 3:50 am50c for a wee but €2 for a poo. Desperate times… lol
Michelle Schroeder-Gardner says
November 19, 2015 at 1:01 pmHaha I wonder how much people make…
Jayson @ Monster Piggy Bank says
November 18, 2015 at 4:02 pmMichelle, this is the first time I have heard of renting a bathroom. LOL By the way, renting a parking space sounds a good idea. And, I think I gotta make my space into that. Thanks for these wonderful ideas Michelle.
Michelle Schroeder-Gardner says
November 18, 2015 at 4:08 pmThanks Jayson!
Portia Tebandeke says
November 18, 2015 at 5:13 pmI love the idea of renting out wedding supplies. I have several chalkboards that I have lent out to friends for their weddings. I would love to purchase more and then offer them for rent. How would I protect myself from people stealing them / abusing them / using permanent chalk paint on them? Would I need to make it an official business?
Michelle Schroeder-Gardner says
November 19, 2015 at 1:02 pmI’m really not sure how you could protect yourself, but a contract would be a good start!
Alexander Vishnevsky says
November 19, 2015 at 4:31 amRent A Friend? Wonderful idea, a real Christmas present for me. Thank you very much, Michelle! I’m in and have already registered my account. Cheers!
Michelle Schroeder-Gardner says
November 19, 2015 at 1:01 pmAwesome!
Lori says
November 19, 2015 at 6:58 amRent out your RV for tailgating.
Michelle Schroeder-Gardner says
November 19, 2015 at 1:00 pmI live in my RV so that wouldn’t work for me, but it could for others!
Janet Fazio says
November 19, 2015 at 1:30 pmThe rent a bathroom made me laugh out loud, but honestly, as a runner, there are times that I would pay to use someone’s clean potty. I’m going to check it out.
Michelle Schroeder-Gardner says
November 19, 2015 at 1:35 pmHaha true!
giulia says
November 19, 2015 at 1:41 pmInteresting, I didn’t know that is possible rent bathroom, but hei is interesting !!
Michelle Schroeder-Gardner says
November 19, 2015 at 2:13 pmYes, very interesting 🙂
Connie @ Savvy With Saving says
November 19, 2015 at 3:57 pmMy friends were actually joking the other day about how we should “rent” our friendship out for people looking for a group to hang out with. Totally a joke but didn’t realize it was an actually a thing!
Michelle Schroeder-Gardner says
November 19, 2015 at 4:38 pmHaha yes!
Alexander Vishnevsky says
November 20, 2015 at 2:29 amI’ve got an idea! If renting a bathroom is possible, why not rent a balcony?
Michelle Schroeder-Gardner says
November 20, 2015 at 10:06 amTry it!
DC @ Young Adult Money says
November 21, 2015 at 1:19 pmThe wedding industry is probably the most ideal industry to start a rental business. It’s one day out of people’s lives and no one wants to buy things for it, or at least buy as few things as possible. My wife and I have a “stretch” life goal of owning a wedding venue. Might be a fun thing to do in our 50s (or earlier if we somehow make enough money to start it earlier).
Michelle @ Modern Acupuncture says
November 23, 2015 at 8:24 amLove the idea of renting out your garage or parking space! Definitely going to look into this. Renting your bathroom… not so much 😉
Suzie says
December 7, 2015 at 7:45 amWow thank you so much for all the info. Rent a friend? So easy…I just signed up! I’ve been reading a lot about making extra money. I’m slowly wanting to not work 8-5 as a dental assistant.I’m working as a temp right now.And on the side make extra with,Favor,Lyft and Uber. It will be awhile before I start generating money with my blog. Thanks so much again!!
Michelle Schroeder-Gardner says
December 7, 2015 at 11:56 amAwesome!
DNN says
July 23, 2018 at 1:27 pmThe good news about renting as a side hustle is that anyone can give yourself free advertising by blogging about it and having a special WordPress plugin to auto-share posts on Pinterest, Twitter, LinkedIn, 500px, Google+, Facebook, and ReddIt. I love this side hustle stuff! 🙂