Concert venues on Peerspace cost on average $95 per hour.
If you’re in the process of planning a concert, one of the critical decisions you’ll have to make is where to hold the performance. This then leads you to ask, “How much does it cost to rent a venue for a concert?” Luckily, you’ve come to Peerspace, the home of incredible rental venues! It would be best if you had a place that’s big enough to fit your expected audience. It also must include the necessary 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 also learn about your many options for concert venues, as well as the best and most efficient way to locate a suitable space.
First of all, why rent a concert venue to begin with?
There may be several reasons why renting a concert venue is a suitable venture. Obviously, you want to hold a concert. But the reasons for doing so may be different for everyone.
Let’s say you’re in charge of your upcoming high school reunion. And, your class’s most notorious band will be reuniting for the night. You’re going to need a proper venue to ensure the entertainment goes off without a hitch.
Maybe you’re throwing a birthday party for yourself or someone close to you. To make the evening even more unique, you’re hiring your favorite local band to play. Therefore, a venue that doubles as a hip party space and with a stage and A/V equipment would be ideal.
Business owners and civic leaders often throw concerts in the form of a fundraiser. They charge admission to the paying guests who want to see the band. And the proceeds they collect support a worthy cause of their choice. But first, they need the right performance space to build the event around.
Or, perhaps you’re in a band, and you and your bandmates want to put on a live concert for your supporters. You can do that at a local bar, but you want the night to be unique. Sounds like you’re going to need to book the perfect venue to suit your musical needs and style.
So all in all, a concert venue is wonderful for concerts for personal and professional reasons. No matter why you want to rent a concert venue, we’ll inform you how much it costs and how to go about doing so ahead.
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?
More affordable cities 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. And, the closer to the heart of the city and the more public transportation hubs, the higher the venue’s rental price, too.
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. Do 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 entire day. So be sure to consider it as you’re budgeting, and be realistic about the whole thing.
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 will take an incredibly 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 fundamental 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.
The types of concert venues available on Peerspace
Now, let’s get to the fun part: exploring the types of concert venues you can book through Peerspace! Here are a few of our favorites, in cities across the country and beyond:
- This beautiful natural light venue in Nashville (pictured above) with room for 100 guests and indoor and outdoor spaces
- This outdoor production space in Brick Lane, London with space for 250 people with professional video and lighting equipment
- This downtown event and performance space in Atlanta with room for 250 guests, a stage, a PA system, and plenty of seating
- This newly renovated event and rehearsal space in Seattle with space for 50 guests, a stage, a sound system, theater lighting, a projector, and seating
- This 1920s-themed performance studio in Philadelphia with space for 20 people, a stage, professional lighting equipment, instruments, and a separate control room.
How much does it cost to rent a venue for a concert on Peerspace?
What you pay for your ideal concert venue depends on several factors. For the most part, the venue’s size, location, and features will have the most significant impact on its rental cost.
Let’s take the spaces we mentioned above for pricing examples. The most expensive venue on the list is the outdoor production space in London. It costs £200 per hour and has a four-hour rental minimum. The Atlanta event and performance space is also on the pricier side at $185 per hour with a four-hour minimum. Both spaces are expansive and offer plenty of ambiance and amenities to explain the steeper price tags.
However, it’s also easy to find spaces that are much more affordable. While the Nashville natural light venue costs $300 per hour, it only has a one-hour rental minimum (which may or may not suit your performance time frame!) The Philadelphia 1920s-themed venue is only $100 per hour and has a three-hour minimum. And finally, the most affordable option is the Seattle renovated performance space. It clocks in at $80 per hour with a one-hour rental minimum.
Peerspace makes it easy to book concert venues
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. With it, you will understand the cost of various venues in your city and locate specific event spaces that are unique, beautiful, and well-reviewed by past renters.
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 great variety. It’s the most effective way to get the greatest bang for your buck.