CanonPhoto/Cine Zoom

Is the Canon EF 24-70mm f/2.8L II USM Worth Buying to Rent Out?

How much money can you make renting the Canon EF 24-70mm f/2.8L II USM? See real rental rates, calculate your payback period, and decide if it is worth the investment.

Real market data

Based on real Sharegrid listing data for the Canon EF 24-70mm f/2.8L II USM. Includes body-only and kit listings. Last updated April 2026.

Lowest Rate in Los Angeles

$23/day

275 listings

Average Rental Price

$37/day

Includes kits in all markets

Estimated Used Price

$1,440

Current resale value

Estimated Payoff Time

10 months

At $23/day, 8.96 days/month

5-year projection for Los Angeles, CA

Based on $23/day lowest listing in Los Angeles and 8.96 rental days per month. Includes body-only and kit listings.

Monthly Net

$175

$206 gross, after 15% fee

5-Year Net Earnings

$10,510

$8,811 profit

5-Year ROI

519%

6.2x return

Cumulative Net Earnings Over 5 Years

$12k
Year 0Year 1Year 2Year 3Year 4Year 5
Net earnings (after 15% fee)
Purchase price ($1,699)
Break-even (month 10)

Projections based on Sharegrid market data. Rates include body-only and kit listings. Net earnings calculated after 15% platform fee. Does not account for multi-day discounts, insurance, maintenance, or depreciation.

Canon EF 24-70mm f/2.8L II USM rental rates by city

Lowest listing price and number of available rentals (body and kits) across major cities.

MarketStarting RateListings
Los Angeles, CA$23/day275
New York, NY$20/day67
Atlanta, GA$27/day26
SF Bay, CA$27/day36
Miami, FL$27/day21
San Diego, CA$25/day12
Phoenix, AZ$27/day3
Chicago, IL$24/day12
Portland, OR$27/day3
DC Baltimore, MD$25/day7

Current resale value

Based on Sharegrid marketplace data. Actual value depends on condition and accessories included.

New Price

$1,699

Estimated Used Price

$1,440

Value Retained

85%

Released 2012

Key specs

MountCanon EF
Focal Length24-70mm
Aperturef/2.8 constant
Image StabilizationNone
Filter Size82mm
Weight805g / 1.77 lbs
Min Focus Distance0.38m / 1.25 ft
Elements / Groups18 elements in 13 groups

Rental market notes

Historically one of the top-rented lenses on Sharegrid. Lower daily rate than Sony GM equivalents due to older design and larger supply. Lens-only at $30-60/day, with cine gears $45-80/day. 15% Sharegrid service fee.

Frequently asked questions

Is the Canon EF 24-70mm f/2.8L II USM worth buying to rent out?

It depends on your market and booking frequency. In high-demand cities like Los Angeles and New York, the Canon EF 24-70mm f/2.8L II USM is one of the most requested lenses on rental platforms. In smaller markets, finding consistent bookings is harder. Use the calculator above to model your specific scenario.

Should I rent the Canon EF 24-70mm f/2.8L II USM as lens only or with accessories?

With Accessories listings command $45-$80/day compared to $30-$60/day for lens only, but require a $2,000 upfront investment vs $1,699 for lens only. The higher-tier listing typically has a better ROI per dollar invested if you can maintain consistent bookings.

What fees should I expect on Sharegrid?

Sharegrid charges a 15% service fee on all bookings. Multi-day rentals also typically receive a 10-30% discount off the daily rate. This means your net earnings per day are lower than the listed rate. The calculator above accounts for the 15% platform fee.

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