How Much Does It Cost To Rent A Yacht (Make Sure You Know It!)

  • By: Jon Stockwell
  • Date: May 16, 2022
  • Time to read: 12 min.
Affiliate Disclaimer

Copyright © 2022 BoatingNarrative.com | This site is a participant in the Amazon Services LLC Associates Program, is a participant in the Amazon Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.

If you’re wondering how much it costs to rent a yacht, then you’re in the right spot. So how much does it cost to rent a yacht? Well, you won’t find that out on just any site because the costs of renting a yacht vary widely depending on the make and model of the boat, the season, and the location.

If you’re wondering how much it costs to rent a yacht, then read on to find out!

How Much Does It Cost To Rent A Yacht
How Much Does It Cost To Rent A Yacht

Here’s The Answer To How Much Does It Cost to Rent A Yacht

Renting a yacht might sound expensive, but compared to other recreational options, it’s actually not as expensive as you think. According to one rental company, the average yacht rental costs $1,200 per day.

The length of time you rent the yacht for, the type of boat, and the reputation of the company renting it are the most significant factors in how much it will cost.

Budget-Friendly Costs For Rental Yachts

What Are The Budget-Friendly Costs For Rental Yachts
What Are The Budget-Friendly Costs For Rental Yachts

If you’re looking to rent a yacht for a day or two and don’t want to break the bank, some budget-friendly options are available. For example, one of the charter companies offers a three-day rental plan that costs $750 per person.

Depending on the make and model of your yacht, you might also be able to find deals through private or public charter services.

Boating License And the Cost of Rental Yacht

There is a common misconception that having a boating license will affect the cost of renting a yacht. Technically, no; the license has no bearing on the charter rate. However, there are some instances in which having a license may actually help lower the charter’s cost.

For example, charter companies often offer lower rates during the low season. Additionally, those who are licensed may be eligible for inclusive charters, which offer a lower cost than those that are not.

Main Factors Affecting The Cost of Rental Yachts

Main Factors Affecting The Cost of Rental Yachts
Main Factors Affecting The Cost of Rental Yachts

Base Costs

The base cost of renting a yacht typically includes the charter fee, port fees, and crew gratuity. Additional costs may be incurred for items such as fuel, food, and beverages. VAT (value-added tax) is also typically charged on yacht charters and can vary depending on the location. 

Amenities

Perhaps the most important amenity to consider is the type of water sports toys and equipment that are available onboard. For example, if you’re looking to enjoy some diving or fishing, you’ll need a boat with the proper gear. Additional amenities, such as a Jacuzzi or a music system, can also add to the cost.

Some yachts even come equipped with a Grill station, allowing you to cook up a meal while out on the open water. Ultimately, the amenities you choose will significantly impact the final price.

Season

The most significant of these is the season. In the summer months, demand is high, and prices are correspondingly higher. In April and July, costs are typically lower as demand is lower.

Type Of Yacht

The type of yacht is another critical factor. Motor yachts are generally more expensive to charter than sailing yachts. Catamarans are also more expensive to charter than monohulls. This is because they are larger and require more crew.

For example, a superyacht can cost tens of thousands of dollars per day to charter, while a smaller yacht might only cost a few thousand dollars. This is due to the fact that a superyacht is much larger and has more amenities than a smaller yacht. It also requires a larger crew to operate, which increases the cost. 

Similarly, a catamaran costs more to charter than a monohull sailing yacht. This is due to the increased size and amenities of the catamaran. 

It is essential to consider the type of yacht when chartering, as it will affect the cost. If you are looking for luxury and comfort, then a superyacht or catamaran is the way to go. However, if you are on a budget, then a smaller yacht may be more appropriate.

Location

When it comes to yachting, there are many popular destinations around the world. Some locations, like the Bahamas and the Virgin Islands, are known for their beautiful turquoise waters and stunning beaches. Like Greece and Spain, other locations are famous for their historic architecture and picturesque landscapes.

No matter where you choose to sail, one thing is for sure: the cost of rental yachts varies significantly from one destination to the next. Here are a few examples:

In the Bahamas, you can expect to pay around $500 per day for a bareboat charter. If you want a yacht with a captain and crew, the price jumps to approximately $1,500 per day.

In Florida, the cost of renting a yacht ranges from $1,000 to $3,000 per day, depending on the size and amenities of the boat.

In Greece, the average cost of a bareboat charter is around $2,500 per day. If you want a yacht with a captain and crew, the price jumps to about $8,000 per day.

In Croatia, the average cost of a bareboat charter is around $1,500 per day. If you want a yacht with a captain and crew, the price jumps to around $4,000 per day.

As you can see, the cost of renting a yacht varies significantly from one destination to the next. So if you’re looking to charter a yacht, be sure to do your research and find the destination that best fits your budget and needs.

Rentals Can Be Expensive:

If you are planning to rent a yacht, make sure that you do your research. Make sure you know how much you will be spending. Make sure you know how much time you will be renting the yacht for. Make sure that you know where you will be parking the yacht.

Getting all these details organized before you start looking will go a long way to making sure you do not blow your budget.

Do Yachts Cost Less To Rent Than Other Boat Types?

Do Yachts Cost Less To Rent Than Other Boat Types
Do Yachts Cost Less To Rent Than Other Boat Types

When it comes to boat rentals, no type of vessel is cheaper to rent than a yacht. This is because a yacht offers more features and amenities than any other type of boat, and as a result, it requires more maintenance and crew members. For example, a sailboat does not require a motor, which means that it costs less money to operate.

However, a sailboat does not offer the same level of luxury or comfort as a yacht, and it is not as safe in windy or stormy conditions. Therefore, it is important to consider all of the factors involved when deciding whether to rent a sailboat or a yacht.

Yachts vs. Sailboats (To Rent)

One of the main reasons yachts cost more to rent than sailboats is that they are larger. A yacht typically measures at least 30 feet long, while a sailboat is typically less than 30 feet long. This extra length allows for more amenities, such as a bedroom, a kitchen, and a bathroom.

It also allows for more passengers, which means that the yacht can accommodate a larger group of people. In addition, a yacht is typically equipped with a generator, which allows passengers to use electricity even when the boat is not docked. This is not the case with a sailboat, which relies on the sun and the wind to generate power.

Another reason why yachts cost more to rent than sailboats is that they are more difficult to operate. A yacht requires a captain and a crew to operate it, while a single person can operate a sailboat. This is because a yacht is larger and more complicated than a sailboat, so it requires more people to operate the boat.

How Much Does A Boat Rental Company Value Their Yachts?

Boat rental companies place a high value on their yachts—however, this value changes depending on the time of year. During the high season, a private yacht will be worth more to a rental company than it would be during the low season.

The type of yacht can also affect the base price. For example, a rental company might charge more for a luxury yacht than they would for a basic yacht.

How Long Can You Rent The Yacht For?

How Long Can You Rent The Yacht For
How Long Can You Rent The Yacht For

The most common charter is for a day, but you can also charter for a week, a month, or even longer. If you’re not sure how long you want to charter, most companies can work with you to find the best option. 

There are three main types of charters: private, crewed, and classic. Private charters are just that – private. You have the yacht to yourself and can invite whomever you like. Crewed charters have a crew of sailors to take care of everything for you, while classic charters are older boats that offer a more traditional sailing experience. 

The cost of chartering a yacht varies depending on the type and size of the yacht and the duration of your charter. A private, crewed yacht charter for a week in the Mediterranean, for example, can cost anywhere from $3000 to $20,000. However, there are many options available, and the cost of chartering a yacht can be as low as $1,000 per day. 

So, how long can you rent the yacht for? The answer is, it depends. But, with so many options available, there’s sure to be a charter that fits your needs and budget.

Number Of Guests That Can Be Accommodated

It’s important to consider a few things when it comes to figuring out how many guests your rental yacht can accommodate. The first is the size of the yacht itself. The next is the type of yacht. Finally, you also need to consider the amenities that are offered.

Generally speaking, most rental yachts can accommodate between 8 and 12 guests. This is because larger yachts tend to be more expensive, and the extra amenities that come with them can also add to the cost. For example, a yacht with a Jacuzzi or a pool onboard will be able to accommodate fewer guests than one that doesn’t have these features.

That said, there are some exceptions. For example, if you’re looking for a bareboat charter yacht, you’ll be able to find vessels that can accommodate up to 20 guests or more. Bareboat charters are a great option for larger groups, as they allow you to have more control over the boat and the itinerary.

The Rules & Regulations

When chartering a private yacht, you should be aware of a few rules and regulations. The first is the allowance. This is the amount of money you will need to provide to the charter company upfront to cover your costs while on the yacht.

Another rule to be aware of is the breakdown. This is the process by which the charter company will divide up the costs between the charter guests. This is typically done based on the amount of time each person spends on the yacht. So, if you charter a yacht for a week and four people are in your party, each person will be responsible for 1/4 of the total cost.

Finally, be aware of the APA, or Advance Provisioning Allowance. This is the amount of money you will need to provide to the charter company to cover your expenses for the first two weeks of the charter. This includes food, drinks, fuel, and any other expenses. It’s important to budget for this amount, as you will not be able to access it once you’re on the yacht.

Conclusion

It is important to note that the quoted price for a yacht charter is typically based on the number of guests that the yacht can accommodate. If the charter party exceeds the maximum number of guests allowed on the yacht, the charterer may be required to pay an additional guest fee.

Before booking a yacht charter, it is important to consult with the charter company to get an accurate quote for the cost of the charter. By understanding the factors that affect the charter price, the charterer can decide the best time and location to book a yacht charter.