
In Austin, renting a magnetic drill in 2025 typically costs between $50–$100 per day, $200–$400 per week, and $600–$1,200 per month. These rates vary based on the drill's power and features. Leading rental companies in Austin provide a range of options suitable for structural steel erection projects.
| Vendor | Daily Rate | Weekly Rate | Review Score | Website |
|---|---|---|---|---|
| Sunbelt Rentals (Austin, TX branch) | $90 | $240 | 8 | Visit |
| United Rentals (Austin, TX location) | $100 | $400 | 8 | Visit |
| Herc Rentals (H&E Rentals – Austin area) | $95 | $380 | 7 | Visit |
Several factors affect the rental costs of magnetic drills, including the drill's brand, power capacity, and additional features like variable speed settings. The duration of the rental and the time of year can also impact pricing.
When renting a magnetic drill, be aware of potential hidden fees. These may include delivery and pick-up charges, which can be flat rates or based on mileage. Fuel surcharges, damage waivers, and cleaning fees for concrete or mud may also apply. Additionally, late-return penalties and overtime charges should be considered.

The rental market for magnetic drills in Austin is expected to remain competitive in 2025, with several vendors offering flexible rental terms and competitive pricing. It's advisable to book in advance, especially during peak construction seasons, to ensure availability and the best rates.
Ensure that all rented equipment complies with local safety regulations and standards. Proper training and safety gear are essential when operating magnetic drills to prevent accidents and ensure efficient project completion.