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How Much Does It Cost to Charter a Yacht in Miami

Blogs Written By Colin Keohane

Long-time resident of South Florida who loves boating, great restaurants, and vibrant nightlife. I've chosen to make Miami my home because of the city's incredible culture. I love sharing my local knowledge with others through writing.

The cost of a yacht charter in Miami can vary depending on a number of factors. In most cases, the cost of the yacht will be anywhere from $2,000 – $6,000. However, there are some larger yachts that can cost closer to $10,000 or $15,000 to charter.

How Much is a Yacht?

A number of factors determine how much a yacht costs. The main factors that impact the cost of a yacht are the size, age, and features. For example, a new yacht that is over 100ft in length with three levels can cost anywhere from $4,000,000 – $10,000,000. The reason that the cost of a yacht is so high is mainly due to the large amount of expensive materials needed to construct the yacht along with the countless labor hours needed to build the yacht. On top of that, yacht construction follows strict regulations and safety measures that drives up the building costs even further.

If you’re wondering how much is a yacht that is between 60ft and 80ft in length, in most cases the cost will fall somewhere between $2,000,000 and $4,000,000. Fortunately, if you are just looking to rent, you don’t have to worry about how much a yacht costs.

How Much to Charter a Yacht?

Like me mentioned above, the cost of a yacht charter can vary on a number of factors. Below, we’ll break down what you can expect for Miami yacht rental prices based on the size of the yacht.

Size	Cost
20′-35′	Expect the cost of charter a yacht in this size range to be anywhere from $1,000 – $3,500. Some newer boats with more features will command a higher price point. But if the price of your Miami yacht rental is higher than $3,500 for this size category, chances are you are not getting the best deal.
36′-50′	Expect the cost of charter a yacht in this size range to be anywhere from $1,000 – $3,500. Some newer boats with more features will command a higher price point. But if the price of your Miami yacht rental is higher than $3,500 for this size category, chances are you are not getting the best deal.
51′-75′	Determining how much it is to rent a yacht gets a little tougher as the yachts get bigger. This is due to the fact that larger boats can vary drastically in the range of features and amenities that they have. So how much is it to charter a yacht around 50 or 70 feet? Typically, you will see Miami yacht rental prices for this size category fall anywhere from $3,500 up to $7,500. It’s rare to see a yacht of this size outside of this price range.
75’+	If you’re friends are asking you how much it is to rent a yacht in Miami, chances are they are thinking about a large yacht over 75’ in length. In most cases you should expect to pay at least $5,000 for a yacht in this size range. However, for some of the larger and newer boats you could be looking at upwards of $10,000 for a day charter.

How Much Does a Yacht Cost?

As you have probably already learned from reading above, it’s hard to say precisely how much a yacht costs and it can be even harder to determine the yacht rental prices in Miami. When searching for a yacht charter in Miami, we always recommend that you get at least three quotes.

Most charter companies in Miami have a wide range of options. You should be able to get a quote on similar yachts from at least two or three companies.

One thing we always suggest is that you ask the year of the boat when getting the quotes. Sometimes companies will use old pictures of the yacht that don’t accurately reflect the condition of the vessel. If you know the year of the boat it will give you a better sense of what you can expect in terms of the condition of the vessel.

Charter Yacht Cost – Getting a Good Deal

When chartering a yacht in Miami, there a few things you can do to bring down the cost. Here are a few tips that we recommend you try next time you are shopping around for a yacht rental.

1. Weekdays and Off Season: As you might have guessed, charter companies tend to get booked up on the weekends but have a lot of availability during the week and during the off-season. If you can try and charter during a slower period, you can usually reduce the cost of your Miami yacht rental.

2. Ask for a Discount: People always say that “you don’t get what you don’t ask for.” Well, this is also true when it comes to chartering a yacht. Many companies will be willing to offer a discount if you just ask for it. They would rather close the sale for a discount than risk not selling that slot.

3. Get Multiple Quotes: Get multiple quotes when you are trying to figure out how much is it to rent a yacht in Miami. This will give you the opportunity to let the companies you are talking to know that you have options. They will want to make sure that they get your business and don’t lose it to the competition. You’ll likely get the best deal possible if you use this strategy.

Final Thoughts

Renting a boat in Miami doesn’t mean you have to break the bank. If you plan accordingly, you can sometimes get a great deal that is very affordable for you and your friends. We hope the tips and information we shared above has been helpful. Finding out how much it costs to charter a yacht in Miami doesn’t have to be a mystery anymore!