Penske vs. U-Haul: Cost
Pricing is one of the biggest deciding factors when you are choosing between Penske and U-Haul. Both companies have updated their fees and mileage rates for 2026, so we pulled new data from our most recent truck rental cost analysis to see how they compare for local, regional, and long-distance moves.
For this comparison, we looked at the median prices for a mid-size truck (around 15–16 feet) across large, mid-size, and small U.S. cities. These quotes include base rental costs and standard fees, but not optional insurance or add-ons.
Median 2026 Truck Rental Costs
| Move Distance | U-Haul | Penske |
|---|
| <50 miles (Local) | $139 | $215 |
| 50-250 miles (Regional) | $168 | $256 |
| Long-distance (Cross-country) | $3,249 | $3,718 |
Source: HireAHelper Rental Truck Cost Database, 2026
At a glance: U-Haul remains the more affordable choice across all move types, especially for short and regional trips. Penske's prices are higher, but some one-way rentals include unlimited mileage, which can make them more predictable for longer trips.
How We Calculate Median Cost
We want to make sure you are seeing real numbers, not guesses. To get this data, we utilized our proprietary Rental Truck Cost Calculator. We analyzed thousands of quotes under the assumption of a standard 2-bedroom move booked 2 weeks in advance.
By comparing apples-to-apples quotes for the same dates and distances, we can show you exactly which company offers the better value on average. You can replicate this for your own move by getting quotes for the same size truck on the same day from both providers.
How Mileage and Fees Work
Both companies charge differently depending on the move type.
- Local moves: U-Haul pricing includes a daily base rate plus a per-mile fee (usually around $0.99 to $1.39 per mile, depending on the location). Penske's local rates include unlimited mileage in some markets but often come with higher daily rates.
- Long-distance moves: U-Haul prices are quoted as flat one-way rates that include mileage and travel days. Penske follows a similar structure, often bundling unlimited mileage into its long-distance pricing.
Hidden Costs to Watch For
The price on the side of the truck is just the baseline, and rarely the actual price you pay. There are typically extra costs baked in, and here are the ones you should budget for:
- Environmental fees: A small mandatory tax added to almost every rental contract.
- Mileage overages: If you exceed the allowed miles on a one-way trip, the per-mile fee can be steep.
- Extra days: Keeping the truck beyond the booked time will result in daily penalty fees.
- Equipment rentals: Dollies, blankets, and straps all cost extra.
- Fuel: You must return the truck with the same fuel level as when you left, or pay a premium refueling fee.
- Coverage add-ons: As mentioned above, these are optional but highly recommended.
Real-World Price Comparison

To see how this looks in practice, our team ran specific scenarios to compare the final receipts. We set out to answer two specific questions with our research:
1. Is Penske Cheaper Than U-Haul for a Local Move?
No, Penske is generally not cheaper than U-Haul for local moves. Even before you hit the road, renting from U-Haul costs roughly half as much as renting from Penske for a local move of similar size. Both charge similar mileage rates, but U-Haul's lower base and insurance costs make it the more affordable option for short trips.
2. Is Penske Cheaper Than U-Haul for Long Distance Moves?
No, Penske is typically not cheaper than U-Haul for most long-distance moves either. While Penske trucks get slightly better gas mileage (thanks to those diesel engines) and often include unlimited miles, the higher base rates usually cancel out those advantages. In our example route from Tampa to Los Angeles, Penske's total price came in about $1,000 higher than U-Haul's.
Who Wins: It Depends
For most moves, U-Haul comes out ahead on pure dollar value. Its base prices are consistently lower, and even though you will pay per mile on local trips, the total tends to be cheaper.
However, Penske can win in specific scenarios. If you are planning a very long drive where fuel efficiency is critical, or if you simply need the peace of mind that comes with unlimited mileage and a guaranteed reservation, the extra cost might be worth it.