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 its one-way rentals include unlimited mileage, which can make the total easier to predict.
How We Calculate Median Cost
We want to make sure you are seeing real numbers, not guesses. HireAHelper’s Rental Truck Cost Database includes thousands of completed rental transactions across different companies, move sizes, routes, and locations.
For this comparison, we used a standard two-bedroom move booked two weeks in advance and compared similar truck sizes, dates, and distances. You can run the same type of comparison for your route with HireAHelper’s Moving Cost Calculator.
How Mileage and Fees Work
Unfortunately, there’s no singular flat rate for either company. Both charge differently depending on the move type.
- Local moves: U-Haul generally charges a daily base rate plus a per-mile fee. The mileage rate changes by location, truck size, and date. Penske local rentals are also priced according to the number of days and miles used.
- Long-distance moves: U-Haul quotes a one-way rate that includes a set number of miles and rental days. You pay extra if you exceed either allowance. Penske one-way personal rentals include unlimited mileage, although the quote still includes a required return date.
Hidden Costs to Watch For
Neither company hides its charges in the rental agreement, but several costs are easy to miss when you are focused on the large number at the top of the quote. Here are some common questions you might have about fees and pricing.
Does Penske have hidden fees?
Penske says it does not charge hidden mileage or turn-in fees. Its displayed rates include a non-discountable environmental fee, but you may still pay for optional coverage, equipment rentals, additional days, fuel, damage, or cleaning. Non-family additional drivers cost $10 each. Penske also charges the toll amount plus a $25 processing fee when unpaid electronic tolls are billed through the company.
Is U-Haul really $20 a day?
The familiar $19.95 rate is only the starting daily price for certain small local rentals, such as a pickup, cargo van, or 10-foot truck. Larger trucks start at higher daily rates. A short local move can still be affordable, but your total will not be $19.95 unless the truck barely leaves the lot.
Other costs to check include:
- Mileage charges or overages: Local rentals charge by the mile, and U-Haul one-way rentals include a limited mileage allowance.
- Extra days: Keeping the truck past the return deadline can add another daily charge.
- Equipment rentals: Dollies, furniture pads, straps, and towing equipment cost extra.
- Fuel: You must return the truck at the required fuel level or pay the company’s refueling rate.
- Coverage: Damage waivers, liability protection, and cargo coverage can add a noticeable amount to the quote.
- Tolls and violations: You remain responsible for tolls, tickets, and related administrative charges.
- Cleaning or damage charges: Mud, debris, smoking, or new damage may result in additional fees.
Real-World Price Comparison
HireAHelper’s median cost data shows how the difference between Penske and U-Haul can play out across local and long-distance moves.
Penske Vs. U-Haul: Local Moves
Penske is generally not cheaper than U-Haul for a local move. In our 2026 median data, a comparable local U-Haul rental cost $139, while Penske cost $215. That made U-Haul $76 cheaper before optional coverage and add-ons.
Both companies may charge for local mileage, but U-Haul’s lower median total gives it the advantage on most short trips.
Penske Vs. U-Haul: Long-Distance Moves
Penske was not cheaper in our median cross-country data. The median U-Haul cost was $3,249, compared with $3,718 for Penske, a difference of $469.
However, Penske’s unlimited mileage and more fuel-efficient large trucks can narrow the gap on some routes. It may even come out ahead after a discount, so compare both companies using the same truck size, dates, and route.
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.