How Much Money Do You Need to Start Renting Out Parking Space?

The best part about renting space for parking is that the startup cost is almost zero if you already own a driveway, garage, or lot. All you really need is a clean, safe spot and maybe a lock or signage. If you choose to list on platforms like JustPark, SpotHero, or Spacer, you might pay a small service fee, but there’s no big upfront investment. At most, setting aside $50–$200 for basic maintenance or security upgrades can make your space more appealing and boost your income.