Renting a magnetic drill in Chicago in 2026 typically costs between $80–$100 per day, $240–$300 per week, and $720–$1,200 per month. These rates vary based on the drill's power and features. Leading rental companies in Chicago provide a range of options suitable for structural steel erection projects.
| Vendor | Daily Rate | Weekly Rate | Review Score | Website |
|---|---|---|---|---|
| Burris Equipment | $80 | $240 | 8 | Visit |
| Vandalia Rental | $122 | $302 | 7 | Visit |
| United Rentals | $– | $– | 8 | Visit |
| Sunbelt Rentals | $– | $– | 7 | Visit |
| Herc Rentals | $– | $– | 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 specific requirements of the project 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 or recharge surcharges might apply, along with damage waivers or full insurance options. Cleaning fees for concrete or mud, late-return penalties, and overtime charges are also possible.
The demand for magnetic drills in Chicago is expected to remain strong in 2026, driven by ongoing construction and infrastructure projects. Rental companies are likely to offer competitive rates and flexible terms to meet the needs of contractors and project managers.
Ensure compliance with local safety regulations when using magnetic drills. Proper training and adherence to safety standards are crucial to prevent accidents and ensure efficient operation.
