How Much Does It Cost to Rent a Mansion?

Have you ever wondered: how much does it cost to rent a mansion? A mansion is a grand, exciting location for just about any event. It’s the perfect choice for a formal black-tie gathering, of course. But you can also take things in a more unique direction. A mansion can be an equally appealing space for something like a cool party. The contrast of the traditional, even old-fashioned feel of the home — with the decor, music, and overall vibe of the party — can make for a truly memorable event.

Whatever you’re planning, mansions are just about the most quintessentially stately and elegant location you could choose. 

Of course, all that elegance can come at a cost. With all their associations with wealth and opulence, it’s no surprise that mansions tend not to be the most budget-friendly venue option by a long shot. Unless you use Peerspace. Peerspace is the largest online marketplace for hourly venue rentals and grants you access to mansions across the globe. And with Peerspace’s user-friendly search engine, you can filter mansions by price so that you can easily find one within your budget.

Ahead, we’ll answer the question: how much does it cost to rent a mansion? We’ll also share the types of mansions that you can rent on Peerspace.

Why rent a mansion?

First of all, why even rent a mansion in the first place? They may not be the first place you think of when you think of a party venue. But they may be the first thing you think of when you think of an opulent party venue.

There is really nothing quite like a mansion. Their multiple rooms, incredible design and details, and high-end amenities speak to the good life.

The setting for a luxurious party

Because mansions are all about grandeur and vibe, renting a mansion is an ideal option if you want a luxurious party atmosphere. Therefore, they make a perfect party venue for wedding receptions, baby showers, family reunions, birthday parties, and business events.

If you want to host a memorable party in a ritzy setting, a mansion is a surefire way of making that happen.

A treat for your guests

Since most of us do not already live in a mansion, spending a few hours in one feels incredible. The same goes for your party guests. No matter how lovely anyone’s apartment or home is, renting a mansion for a party can be a once-in-a-lifetime experience.

As a production setting

Besides hosting parties and events, people rent mansions for productions. They shoot films, commercials, TV shows, music videos, and photoshoots on its elegant grounds.

A mansion’s features also come into play here. The production company can spend less on equipment rentals if a mansion already has the desired item on its premises.

Be sure to also check out some of the castles you can rent on Peerspace, too!

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.

Location

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.

History

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.

Size

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.

Amenities

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.

Booking details

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!

Mansions you can rent on Peerspace

A great way to get a sense of how much it costs to rent a mansion is by searching for mansions in your city on Peerspace. This will provide you with a sample of local options that’s more specific and representative than anything an article like this could provide. 

So what types of mansions are available to rent on Peerspace? Here are just a few standouts:

• This Miami Beach mansion on the water (pictured above) set on Biscayne Bay and ideal for dinner parties, upscale gatherings, and music videos
• This colorful wallpapered Manhattan mansion in Greenwich Village that looks rundown and is perfect for productions
• This luxury mansion with an indoor pool and hot tub in Vancouver, BC for productions and content creation
• This exquisite mansion with mountain views in Mesa, AZ for private celebrations and productions
• This stunning country house in London, UK with over 6,000 square feet of space for productions
• This luxury French-style mansion in Beverly Hills, CA open for photoshoots, filming, and private parties

As you can see, there are lots of mansions available to rent on Peerspace that suit a variety of aesthetics and price points. Since each mansion has its own listing that includes in-depth descriptions of the homes and their amenities, upfront pricing, high-quality photos, and reviews from past renters, you’ll know what you’ll get when you rent a mansion.

You can easily compare mansion rentals in your location by using the listing information. And if you have any questions, you can message the mansion’s local host through the listing page. Peerspace hosts are always happy to help make your production or event as carefree as possible.

How much does it cost to rent a mansion: conclusion

We hope this guide has helped answer the question: how much does it cost to rent a mansion? Overall, it varies, depending on the mansion’s size, amenities, location, and use.

Make it easy to locate and rent the mansion of your dreams by using Peerspace. It’s the best resource for locating the mansion that’s right for your next event or production. All you have to do now is get to searching!

Find unique mansions and event spaces on Peerspace