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How Much Does It Cost to Rent a Venue?

We all have the need to rent a venue at some point in life — whether that’s a birthday party, wedding, corporate event, or some other get-together. Figuring out the size and location of your dream venue is important, and one question should immediately come to mind: how much does it cost to rent a venue? We’ll give you an idea of that answer, as well as elaborate on what types of venues are out there and how you can book one easily. 

Why should you rent a venue? 

Think of the last event you went to and what the atmosphere was like. It’s likely that the event’s venue was rented and set up to serve a certain purpose, depending on the type of party. You’ll probably go to a handful of weddings, corporate events, and birthday parties in the next few years — or help plan one yourself. Knowing the types of venues out there and what you should rent is a game changer. 

The benefits of renting a venue are endless. The venue’s environment can spark creative energy, bring people together, and create a whole lot of fun. A venue rental is relatively easy to book, and you’ll typically receive help from the host before, during, and after your rental period. Plus, who doesn’t want to spend the day in an incredible warehouse, a loft with panoramic views, or a quaint home in the woods? These are just a few of the venue options out there. 

Weddings and corporate events are some of the most common reasons to rent a venue. Other popular occasions include graduations, photoshoots, or baby showers. Here are some additional uses of a venue rental: 

  • A going-away party for a coworker or friend at their favorite cafe 
  • An outdoor birthday party (with a swimming pool!) and indoor access
  • High school or college reunions at a fun brewery 

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How to rent a venue 

It can be tough to know where to start when looking for a venue, especially when you’re a newbie. Typically, you’d spend hours online searching for the right space for your event — sometimes with no luck in finding a venue that has the dates and pricing that’s in your budget. 

Renting a venue is much easier through Peerspace — the world’s largest online marketplace for meeting and event spaces. On Peerspace, you can search by city and dates. There are thousands of venues available in a bunch of cities throughout the country. Plus, you can filter the results even further to set your preferred price per hour and the number of attendees that the venue can accommodate. 

Each Peerspace listing includes high-quality photos and helpful descriptions of what you’re getting. There are also real reviews and the ability to directly contact the host with any questions. Now all you have to do is make the difficult choice of picking one of Peerspace’s incredible venues.

Types of venues 

The number of amenities and square footage vary greatly between venues, not to mention the price per hour. We’ll go into more detail to answer, “How much does it cost to rent a venue?” But first, let’s get a look at the types of venues that are out there. 

Warehouses are a great option for larger events that need plenty of space for food, tables, and dancing. This rustic space in Red Hook, New York, has a gorgeous aesthetic and its floor plan comprises 13,000 square feet. A house, loft, or apartment also makes for a great space for an event. Check out this mid-century ranch home in Dallas that has vaulted ceilings and a large backyard set against a riparian forest. Able to accommodate up to 60 people indoors or 120 outdoors, the home is a perfect venue for weddings or birthday parties. 

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If you’re needing a meeting space, take a look at this colorful venue in Chicago that is made for workshops and offsite meetings. The versatile studio space comes with enough seating for 30 people, A/V equipment, and a full kitchen. You’re welcome to bring your own food to your meeting here or hire a caterer — which Peerspace can help with. Peerspace Concierge experts can assist with getting equipment, tables, chairs, entertainment, and food right to your event venue. 

Plus, many spaces have dozens of reviews. Here’s one review out of more than 200 for the meeting space in Chicago: 

This is a fun space to hold an event in with multiple spaces to take advantage of. We held multiple interviews within the space and we utilized every space possible. It worked great and everyone enjoyed the space. Our hosts were amazing and very helpful in getting us into the space with great ease, and they were easy to get in contact with any questions that I had that day! Really great people!

You can also rent restaurants, bars, clubs, or movie theaters as an event venue. This boutique tasting room in Washington state is surrounded by winery barrels and lit with stunning chandeliers — a dream for a mixer, company party, or engagement party! 

How much does it cost to rent a venue? 

Venue rentals typically charge per hour and have a minimum amount of hours required to rent. Although many venues do not list their price per hour, we’ve found that many charge anywhere from $100 per hour to $2,000+ per hour. Of course, large warehouses will cost much more than a small studio. The price will also depend on the time of year you’re looking to rent and the location of the venue. 

Peerspace rentals have the price per hour on each listing, as well as details on the minimum amount of time required for rental. Many Peerspace rentals range from $75 per hour to more than $1,200. With Peerspace, you won’t get any unwanted surprises — all costs, rules, and venue descriptions are upfront and fair. 

Warehouses, lofts, and restaurants — oh my! As you read, there are so many different types of venues to choose from. Now you have a robust idea of what kind of venue fits your event, how to rent one, and how much it costs. 

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