Renting out your parking space: how much do you actually earn?

The average price per city in Flanders

The rental price of a parking space varies significantly between cities. This comes down to three factors: parking pressure, the supply of private parking spaces and the cost of alternatives such as public car parks and on-street parking.

In Bruges, monthly rental prices for a garage box in or near the centre range between 80 and 150 euros. Bruges combines a compact city centre with high parking rates and a constant flow of tourists. That makes private parking space particularly sought after here. A garage box within walking distance of the Markt earns the most.

In Ghent we see comparable prices in the popular neighbourhoods. Around Zuidpark, Blaarmeersen and Gent-Sint-Pieters station, renters pay between 70 and 130 euros per month. The expansion of paid parking zones in Ghent is driving demand for private alternatives further up.

In Antwerp, the spread is wider. Near Het Eilandje, the Meir or Antwerp Central, monthly prices go up to 120 euros. In neighbourhoods like Deurne, Borgerhout or Berchem, rates are lower, around 50 to 80 euros per month. The difference lies in accessibility to the centre and the availability of on-street parking.

In Hasselt and Leuven, the market is smaller but growing. Monthly prices fluctuate between 40 and 90 euros. Demand is increasing particularly near the university buildings in Leuven and the city centre of Hasselt.

At the coast, the picture shifts seasonally. In Knokke-Heist, Blankenberge and Ostend, daily rates rise sharply in July and August. A parking space that earns 50 euros per month in winter can bring in 10 to 15 euros per day during summer. That makes seasonal rental at the coast particularly attractive: you use the space yourself in winter and earn in summer what others earn in an entire year.

Garage box versus driveway versus parking space: what earns the most?

Not every parking space is equal. The type of space determines the price you can charge. A covered garage box with a lockable door structurally earns more than an open parking space. Renters pay extra for security and protection from the elements.

A garage box in Bruges or Ghent earns on average 15 to 30% more than a comparable open parking space in the same location. The difference lies in the certainty: a garage box protects the car against theft, vandalism and poor weather conditions. For many renters that is worth the premium.

A driveway is the least lucrative but also the easiest. You do not need to prepare anything, install a door or hand over keys. Driveways are particularly interesting in neighbourhoods with high on-street parking pressure, where residents are willing to pay for a guaranteed spot close to home. Expect 30 to 60 euros per month for a driveway in an urban setting.

Underground parking spaces in apartment buildings sit price-wise between a driveway and a garage box. They offer protection but often lack the exclusivity of a private enclosed space. Monthly prices typically range between 50 and 100 euros.

Fixed rental or per day: what earns more?

The choice between fixed and flexible rental has a direct impact on your income. Both models have pros and cons.

Fixed rental delivers a predictable monthly amount. You have a renter who pays every month, regardless of whether they use the space every day. The advantage: certainty and minimal management. The disadvantage: you miss out on the higher daily rates that flexible rental can bring.

Flexible rental per day or per week earns more per occupied day. In Bruges, a daily user pays on average 10 to 15 euros for a parking space near the centre. On a monthly basis that is potentially 300 to 450 euros at full occupancy. But that is rarely the case. A realistic occupancy rate for flexible rental sits between 50% and 70%, which amounts to 150 to 315 euros per month.

Compare that with the fixed rental price of 80 to 150 euros and the difference is clear: flexible earns more, but requires more management and brings uncertainty.

The smartest approach is a hybrid model. Rent fixed during the week to a commuter and keep the weekend free for flexible bookings. That way you combine the certainty of a fixed income with the higher daily rates at the weekend. Our hosts who use this model earn on average 20 to 35% more than hosts who rent fixed exclusively.

What does a renter calculate? How the other side thinks

To set your price correctly, you need to understand how a renter calculates. A renter compares your offer with three alternatives: on-street parking, public car parks and other private listings.

In Ghent, on-street parking in zone A costs on average 2.50 euros per hour. Someone parking eight hours a day pays 20 euros per day or 400 euros per month. A private parking space at 90 euros per month is then a saving of more than 300 euros. That is the argument that convinces renters.

In Bruges, daily rates in the centre car parks are even higher. Parking 't Zand charges 14 euros for a day ticket. A monthly subscription at a public car park easily costs 80 to 120 euros. Your garage box at 100 euros per month is then not only cheaper but also more comfortable: no queues, no search time and a guaranteed spot.

In Antwerp, a monthly parker in the centre car parks around the Meir pays more than 150 euros per month. A private parking space at 90 euros is a no-brainer for commuters here.

The lesson: position your price below the most expensive alternative but just above the cheapest. That gives the renter the feeling of getting a good deal while you receive a fair price. Check the rates of public car parks in your area regularly and adjust your price if they change. Cities like Ghent and Antwerp raise their parking rates regularly, which automatically makes your offer more attractive.

Seasonal effects: when do you earn the most?

The income from a parking space is not the same all year round. Seasons, holidays and events influence demand and with it the price you can charge.

The summer months are peak periods at the coast. In Knokke-Heist, Blankenberge and Ostend, daily prices double or triple between June and August. A parking space that normally earns 8 euros per day brings in 15 to 20 euros easily during the summer holiday.

In student cities like Ghent and Leuven, demand peaks at the start of each academic year in September and October. Students and their parents then search massively for parking space, especially during moving days.

During major events, demand rises sharply locally. Think of the Gentse Feesten in July, the Christmas markets in Bruges or concerts at the Sportpaleis in Antwerp. Owners who make their parking space available flexibly at these moments earn in one evening what others earn in a week.

The quietest period is January to March. Demand is at its lowest then, especially at the coast. Consider using a lower fixed price during these months or actively looking for a fixed renter to prevent vacancy. A smart strategy is to attract a fixed winter renter in November with an attractive rate and then switch to flexible daily rental for the summer season in May.

Worked examples: three scenarios

Scenario one: you have a garage box in the centre of Bruges. You rent it fixed for 110 euros per month. After deducting insurance and minor maintenance, you keep 100 euros net. On an annual basis that is 1,200 euros of passive income.

Scenario two: you have an open parking space in Ghent near Sint-Pieters station. You combine fixed weekday rental to a commuter (70 euros per month) with flexible weekend rental (an average of 3 bookings per month at 12 euros). Total: 106 euros per month or 1,272 euros per year.

Scenario three: you have a driveway in Antwerp near the Sportpaleis. You rent fixed for 55 euros per month but make the spot available at 20 euros per evening during events. With an average of six events per month you earn 120 euros on top of your fixed rental. Total: 175 euros per month or 2,100 euros per year.

These scenarios are based on averages from our booking data. The actual income depends on your availability, your location and how actively you manage your listing. What stands out across all three scenarios: the owner needs to spend minimal time after setting up the listing. The bulk of the income is passive. The only action you need to take regularly is keeping your calendar up to date and responding quickly to requests from potential renters.

5 ways to increase your price without extra cost

You can increase your income without major investments. Small adjustments make the difference.

One: add good lighting. A bright LED ceiling light costs less than twenty euros but makes your garage more attractive and safer. Renters pay more for a space where they feel comfortable.

Two: take professional photos. Listings with bright, high-quality photos attract more renters. Photograph in daylight, open the garage door and make the space look as large as possible.

Three: list the exact dimensions. Renters with larger vehicles specifically look for garages with sufficient height and width. By listing the measurements you reach a wider audience.

Four: offer multiple rental periods. Some renters look for a daily spot, others for a monthly subscription. By offering both options you expand your potential pool of renters.

Five: install an EV charging point. According to the Belgian Automotive Association, the share of fully electric cars rose to more than 25% of all new registrations in 2025. A garage with a charging point is a premium offering. The investment in a home charger starts at around 700 euros and increases your monthly income by 20 to 30%.

In summary

The income from renting out your parking space ranges from 40 to 150 euros per month for fixed rental, with peaks up to 300 euros or more with smart flexible use. The exact price depends on your city, the type of space and your availability. The costs are minimal and getting started is simple. Calculate what parking costs in your area, position your price just below that and publish your listing via SparkSpot. Within a week you could have your first renter.

Frequently asked questions

How much does it cost to rent out my parking space?

The threshold is low. You do not need any investment if your space is already available. The only costs are possibly an LED light for illumination and the time you invest in creating your listing. That is done within fifteen minutes and you can start right away.

Can I rent out my parking space if I need it during the day myself?

Yes. You set your own availability. Many owners rent out their driveway or garage box only in the evenings and at weekends, when they are home and park their own car on the street. Others rent only during weekdays while they are at work themselves.

Is the income constant throughout the year?

No. Income fluctuates with the seasons and local events. At the coast, the summer months are by far the most lucrative. In student cities, demand peaks around September. In cities with major events you can earn significantly more on specific evenings than your normal daily rate. By adjusting your rental model to the seasons you maximise your annual income.

How quickly will I find a renter for my parking space?

That depends on the location and the price. In cities with high parking pressure like Bruges and Ghent, our hosts report that they receive their first booking within a week. A good listing with clear photos and a realistic price significantly speeds up the process. In less busy areas it can take two to four weeks before you have a fixed renter.