Renting a magnetic drill in Miami in 2026 typically costs between $66–$120 per day, $233–$240 per week, and $480–$620 per month. These rates vary based on the drill's power and features. Leading rental companies in Miami provide a range of options suitable for structural steel erection projects.
| Vendor | Daily Rate | Weekly Rate | Review Score | Website |
|---|---|---|---|---|
| United Rentals | $90 | $240 | 8 | Visit |
| RentX Tools and Equipment | $90 | $240 | 7 | Visit |
| Sunbelt Rentals | $— | $— | 7 | Visit |
| Sandar Rentals | $— | $— | 6 | Visit |
| RenTooL Equipment Rental | $— | $— | 6 | 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 rental market for magnetic drills in Miami is expected to grow in 2026, driven by increased construction activities. Rental companies are expanding their inventory to include more advanced models, catering to the diverse 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.
