Startup cost: $50 - $500

Setup costs for starting a parking space rental side hustle can range from $50 to $500. At the low end, you may only need to invest in basic signage or online listings to advertise your space. On the high end, expenses could include setting up a professional website, investing in security equipment like cameras or access control systems, and budgeting for marketing expenses. Essential costs would include any necessary permits or insurance, while optional expenses might include upgrading the space for added convenience or security. Hidden fees could include transaction fees if using a rental platform. Online feedback indicates that costs can vary widely, with some finding ways to keep expenses low while others see costs creep up once they commit. For a friend looking to take this seriously, budgeting between $100 and $300 upfront would be a reasonable starting point.