How do I set a price for my item?

Owners are responsible for setting their own rental prices. If you're listing an item and you're not sure how to price it, you can:

Check out what price similar items are renting for near you, and setting your price towards the lower end of that scale (renters often come to Fat Llama looking for below-market rates)



When you're setting prices you can set a daily price for your item. The Smart Pricing algorithm will then suggest a weekly and monthly price, however, you can change this to what you like.



Set your own daily, weekly and monthly price. If you set your own daily, weekly and monthly price, the per-day price for renters will reduce incrementally for every additional rental day until, at 7 days, it hits your (lower) weekly price.

You'll be unable to set a weekly price that's higher than 7 x the daily price. If you offer a weekly price that's lower than 7 x the daily price, the per-day price for renters will reduce incrementally for every additional rental day.

Our research shows that lower weekly and monthly rates encourages longer rentals and, ultimately, a higher rental income.

Already listed an item? Tap below to edit your prices:

Edit my prices

Updated on: 13/02/2023