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

How much money can you make renting the Canon RF 24-70mm f/2.8L IS 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 RF 24-70mm f/2.8L IS USM. Includes body-only and kit listings. Last updated April 2026.

Lowest Rate in Los Angeles

$24/day

96 listings

Average Rental Price

$49/day

Includes kits in all markets

Estimated Used Price

$1,920

Current resale value

Estimated Payoff Time

16 months

At $24/day, 7.46 days/month

5-year projection for Los Angeles, CA

Based on $24/day lowest listing in Los Angeles and 7.46 rental days per month. Includes body-only and kit listings.

Monthly Net

$152

$179 gross, after 15% fee

5-Year Net Earnings

$9,131

$6,732 profit

5-Year ROI

281%

3.8x return

Cumulative Net Earnings Over 5 Years

$10k
Year 0Year 1Year 2Year 3Year 4Year 5
Net earnings (after 15% fee)
Purchase price ($2,399)
Break-even (month 16)

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 RF 24-70mm f/2.8L IS USM rental rates by city

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

MarketStarting RateListings
Los Angeles, CA$24/day96
New York, NY$24/day36
Atlanta, GA$25/day6
SF Bay, CA$43/day12
Miami, FL$40/day8
San Diego, CA$46/day7
Phoenix, AZ$33/day5
Chicago, IL$40/day3
Portland, OR$33/day5
DC Baltimore, MD$33/day5

Current resale value

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

New Price

$2,399

Estimated Used Price

$1,920

Value Retained

80%

Released 2019

Key specs

MountCanon RF
Focal Length24-70mm
Aperturef/2.8 constant
Image Stabilization5-stop IS (up to 8 stops with IBIS)
Filter Size82mm
Weight900g / 1.98 lbs
Min Focus Distance0.21m / 0.69 ft
Elements / Groups21 elements in 15 groups

Rental market notes

Growing rental demand as Canon RF ecosystem expands. Lens-only at $40-80/day, with accessories $60-100/day. Often rented with Canon R5/R6 bodies. 15% Sharegrid service fee.

Frequently asked questions

Is the Canon RF 24-70mm f/2.8L IS 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 RF 24-70mm f/2.8L IS 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 RF 24-70mm f/2.8L IS USM as lens only or with accessories?

With Accessories listings command $60-$100/day compared to $40-$80/day for lens only, but require a $2,800 upfront investment vs $2,399 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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