In New York, renting a magnetic drill for structural steel erection in 2026 typically costs between $66.50 per day, $233.00 per week, and $699.50 per month. These rates vary based on the drill's power and features. Leading rental companies in New York provide a wide selection of magnetic drills suitable for various construction needs.
| Vendor | Daily Rate | Weekly Rate | Review Score | Website |
|---|---|---|---|---|
| United Rentals | varies (contact for quote) | varies (contact for quote) | 8 | Visit |
| Sunbelt Rentals | varies (contact for quote) | varies (contact for quote) | 8 | Visit |
| Herc Rentals | varies (contact for quote) | varies (contact for quote) | 7 | Visit |
| Barroca Tool & Equipment Rentals | not listed (contact for quote) | not listed (contact for quote) | 8 | Visit |
| Dynasty Tool Rental | $66.50 | $233.00 | 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 New York is expected to remain strong in 2026, driven by ongoing construction projects and infrastructure development. Rental companies are likely to offer competitive rates and flexible rental 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 guidelines are essential to prevent accidents and ensure efficient operation.
