How Much Does It Cost to Rent a Venue for a Concert?
If you’re in the process of planning a concert, one of the key decisions you’ll have to make is where, exactly, to hold the performance. You need a place that’s big enough — depending on how large you expect your audience to be — that includes the needed A/V hookups, among many other factors that’ll be specific to your event. This article will answer the question, “How much does it cost to rent a venue for a concert?” You’ll learn about your many options for concert venues, as well as the best and most efficient way to locate a suitable space.
The central question: how much does it cost to rent a venue for a concert?
We’ll start by saying that the answer to this question is really dependent on several factors, most notably:
Where are you located?
A more affordable city like Richmond, IN, will offer significantly cheaper concert venues than New York City. However, with the former’s smaller population, its offerings will also be more limited and with lower capacity.
How large a venue do you need?
The cost of renting a small club for an evening is significantly less than a large arena. So this will depend on how many tickets you hope to sell — whether you want to put on an intimate jazz performance or, at the other end of the scale, a massive rock concert.
How long will the concert be?
Renting a space for a brief show will be much more affordable than a long, drawn-out event. And you’ll have to take into account the time required to set up, run a soundcheck, and break the whole thing down at the end. This could conceivably end up taking the whole day — so be sure to consider it as you’re budgeting, and be realistic about the whole thing.
Regardless of how much these costs can vary based on the type of concert you’re planning — we can provide a very rough estimate in response to the question, “How much does it cost to rent a venue for a concert?” The largest-scale venues — namely, arenas, which may hold tens of thousands of people — can be rented for roughly $20,000 per night. Something like an amphitheater will average closer to $10,000 per night. And a five- or six-hour evening at a smaller venue like a club might be something like $5,000, on average.
A still-smaller venue like a bar might only be around $500 to $1,000 for the evening, making the initial investment significantly smaller (although, if you’re selling tickets, your earnings from tickets will also be less, as the capacity is also much lower). A note of caution: be sure to increase these estimates considerably if you know your event is going to take an especially long time (even if it’s just the setup and breakdown time).
The best way to book a concert venue
If you’re looking for info on the cost of renting concert venues in your city, try a search on Peerspace. You’re likely to find thousands of options in your metro, with plenty of detailed descriptions, high-res photos, and helpful reviews from past renters — not to mention, clearly marked rental costs per hour! Rather than having to ask for a quote from each concert venue you’re interested in, potentially wasting lots of time just to find out that basic piece of information, you’ll be able to browse within your budget and get straight to the point.
And your search won’t be limited to standard concert venues, either. With Peerspace, you’ll find the best of your city: funky bars, spacious and sunlit lofts, and cool event spaces set apart by distinctive features like local art, just to name a few spaces. An exciting performer with a unique sound deserves a performance space that’s not just another cookie-cutter room, but a location with character and substance. This will take the concert to the next level and make it truly memorable for attendees.
As an added benefit, for those concerned about staying within a budget (and most of us are!), Peerspace venues tend to be significantly more affordable than most concert venues you’ll find elsewhere — in addition to their great variety. It’s really the most effective way to get the greatest bang for your buck.
While it’s hard to give a specific answer to the very general question, “How much does it cost to rent a venue for a concert?” this article should have given you a good sense of a ballpark estimate. Luckily, you’ve got a massive online database in the form of Peerspace, to not only help you understand the cost of various venues in your own city, but also to help you locate specific event spaces that are unique, beautiful, and well-reviewed by past renters.