8 top rental stocks to buy in 2024

The best rental stocks depend on your portfolio and investment goals — while volatility can be ideal for day traders, long-term investors will want to look to stocks with steadier gains over time.

8 popular rental stocks picks to buy in 2024

We round up a selection of stocks in or related to the leasing industry, weighting the list more heavily towards popular mid- and large-cap US stocks.

1. U-Haul Holding Company (UHAL)
2. United Rentals (URI)
3. Cintas Corporation (CTAS)
4. McGrath RentCorp (MGRC)
5. Avis Budget Group (CAR)
6. H-and-E Equipment Services (HEES)
7. AvalonBay Communities (AVB)
8. Mid-America Apartment Communities (MAA)

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The rental stocks industry is affected by a range of complex factors such as trade policies, regulations, and fluctuating supply and demand. So when considering rental stocks to buy, it's important that you have access to vital information about a company's financial health, leadership team, and market positioning.

Our picks for platforms with research tools

How to invest in rental stocks

1. Choose an online stock trading platform. Choose from our Top Picks above, use our comparison table below or jump straight to the best stock trading apps of 2024.
2. Sign up for an account. Provide your personal information and sign up.
3. Set up a funding method to pay for the transaction. Deposit funds into your account by linking your banking information.
4. Choose the stocks you want to buy. Search for the stock by name or ticker symbol like UHAL or URI.
5. Place your order. Buy the stock. It's that simple.

Take a deeper dive into rental stocks

If you're interested in investing in the leasing industry, take a closer look at what companies in this industry do and how the stocks have historically performed. Keep in mind that positive past performance doesn't guarantee that a stock will continue to rise in the future.

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1. U-Haul Holding Company (UHAL)

U-Haul Holding Company operates as a do-it-yourself moving and storage operator for household and commercial goods in the United States and Canada. The company's Moving and Storage segment rents trucks, trailers, portable moving and storage units, specialty rental items, and self-storage spaces primarily to the household movers; and sells moving supplies, towing accessories, and propane. It also provides uhaul.

U-Haul Holding Company stock opened the day at $62.75 after a previous close of $62.45. The latest price was $62.88 (25-minute delay). U-Haul Holding Company is listed on the NYSE, has a trailing 12-month revenue of around USD5.7 billion and employs 17,901 staff.

• Market capitalization: $12,210,926,592
• P/E ratio: 19.7099
• PEG ratio: 0

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2. United Rentals (URI)

United Rentals, Inc. , through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals and Specialty.

United Rentals stock opened the day at $655.18 after a previous close of $655.97. The latest price was $636.22 (25-minute delay). United Rentals is listed on the NYSE, has a trailing 12-month revenue of around USD$14.3 billion and employs 26,300 staff.

• Market capitalization: $45,818,880,000
• P/E ratio: 19.3402
• PEG ratio: 1.5552

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3. Cintas Corporation (CTAS)

Cintas Corporation provides corporate identity uniforms and related business services primarily in the United States, Canada, and Latin America. It operates through Uniform Rental and Facility Services, First Aid and Safety Services, and All Other segments. The company rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, as well as sells uniforms.

Cintas Corporation stock opened the day at $671.86 after a previous close of $666.56. The latest price was $668.51 (25-minute delay). Cintas Corporation is listed on the NASDAQ, has a trailing 12-month revenue of around USD$9.4 billion and employs 44,500 staff.

• Market capitalization: $67,818,881,024
• P/E ratio: 46.1291
• PEG ratio: 3.8091

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4. McGrath RentCorp (MGRC)

McGrath RentCorp operates as a business to business rental company in the United States and internationally. It rents and sells relocatable modular buildings, portable storage containers, and electronic test equipment. The company operates through four segments: Mobile Modular, Portable Storage, TRS-RenTelco, and Enviroplex.

McGrath RentCorp stock opened the day at $112.84 after a previous close of $112.05. The latest price was $111.53 (25-minute delay). McGrath RentCorp is listed on the NASDAQ, has a trailing 12-month revenue of around USD$831.8 million and employs 1,204 staff.

• Market capitalization: $2,833,720,320
• P/E ratio: 25.3684
• PEG ratio: 1.6739

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5. Avis Budget Group (CAR)

Avis Budget Group, Inc. , together with its subsidiaries, provides car and truck rentals, car sharing, and ancillary products and services to businesses and consumers in the Americas, Europe, the Middle East and Africa, Asia, and Australasia. It operates the Avis brand, that offers vehicle rental and other mobility solutions to the premium commercial and leisure segments of the travel industry; and the Zipcar brand, a car sharing network, as well as the Budget brand, a supplier of vehicle rental and other mobility solutions focused primarily on more value-conscious customers comprising Budget car rental, and Budget Truck, a local, and one-way truck and cargo van rental businesses with a fleet of approximately 19,000 vehicles, which are rented through a network of dealer-operated and company-operated locations that serve the light commercial and consumer sectors in the continental United States.

Avis Budget Group stock opened the day at $108.47 after a previous close of $108.47. The latest price was $105.35 (25-minute delay). Avis Budget Group is listed on the NASDAQ, has a trailing 12-month revenue of around USD$12 billion and employs 18,000 staff.

• Market capitalization: $4,293,615,616
• P/E ratio: 2.8764
• PEG ratio: 1.76

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6. H-and-E Equipment Services (HEES)

H&E Equipment Services, Inc. operates as an integrated equipment services company in the United States. The company operates in five segments: Equipment Rentals, Sales of Rental Equipment, Sales of New Equipment, Parts Sales, and Repair and Maintenance Services.

H-and-E Equipment Services stock opened the day at $60.65 after a previous close of $60.45. The latest price was $58.78 (25-minute delay). H-and-E Equipment Services is listed on the NASDAQ, has a trailing 12-month revenue of around USD$1.5 billion and employs 2,765 staff.

• Market capitalization: $2,314,150,144
• P/E ratio: 13.5944
• PEG ratio: 2.49

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7. AvalonBay Communities (AVB)

As of December 31, 2023, the Company owned or held a direct or indirect ownership interest in 299 apartment communities containing 90,669 apartment homes in 12 states and the District of Columbia, of which 18 communities were under development. The Company is an equity REIT in the business of developing, redeveloping, acquiring and managing apartment communities in leading metropolitan areas in New England, the New York/New Jersey Metro area, the Mid-Atlantic, the Pacific Northwest, and Northern and Southern California, as well as in the Company's expansion regions of Raleigh-Durham and Charlotte, North Carolina, Southeast Florida, Dallas and Austin, Texas, and Denver, Colorado. . . . . .

AvalonBay Communities stock opened the day at $179.73 after a previous close of $178.98. The latest price was $180.95 (25-minute delay). AvalonBay Communities is listed on the NYSE, has a trailing 12-month revenue of around USD$2.8 billion and employs 2,978 staff.

• Market capitalization: $26,852,870,144
• P/E ratio: 28.8336
• PEG ratio: 5.1001

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8. Mid-America Apartment Communities (MAA)

MAA, an S&P 500 company, is a real estate investment trust (REIT) focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities primarily in the Southeast, Southwest and Mid-Atlantic regions of the United States. As of December 31, 2023, MAA had ownership interest in 102,662 apartment units, including communities currently in development, across 16 states and the District of Columbia. . . . . .

Mid-America Apartment Communities stock opened the day at $123.84 after a previous close of $123.79. The latest price was $124.80 (25-minute delay). Mid-America Apartment Communities is listed on the NYSE, has a trailing 12-month revenue of around USD$2.1 billion and employs 2,427 staff.

• Market capitalization: $15,816,978,432
• P/E ratio: 28.0149
• PEG ratio: 10.19

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Bottom line

While it’s possible to turn a profit investing in rental stocks, keep in mind that — like any investment — rental stocks are not immune to risk. These stocks are subject to fluctuating conditions — both in the market and in the leasing industry, so carefully vet your picks before you invest. And if you’re new to investing, or if it’s been awhile since you’ve taken a critical look at your investing accounts, compare brokers to make sure you’re getting the best features in your trading account.

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