Average Forklift Rental Rates in Ontario (2026)

Rental prices are generally structured to reward longer commitments. Here is a baseline of what you can expect to pay for a standard 5,000 lb. capacity forklift:

Rental Duration	Estimated Cost Range	Best For
Daily	$150 – $350	Emergency repairs or one-off tasks
Weekly	$500 – $1,200	Short-term projects or seasonal spikes
Monthly	$1,200 – $3,500	Long-term operational needs

Note: Prices vary based on specific model availability, capacity, type and current market demand in the GTA.

Factors That Influence Your Rental Cost

Not all forklifts are created equal. The “sticker price” of a rental is influenced by four primary factors:

1. Equipment Capacity

The heavier the load, the higher the price.

• Small (3,000–5,000 lbs): Standard warehouse units are the most affordable.

• Large (10,000+ lbs): Heavy-duty machines or high-capacity diesel units can cost $500+ per day.

2. Fuel Type

• Electric: Often slightly more expensive upfront to rent but offers significant savings on fuel (electricity vs. propane) and is essential for indoor food-grade or pharmaceutical environments.

• Propane (LPG) / Diesel: Usually have a lower base rental rate but require you to factor in the fluctuating cost of fuel.

3. Terrain and Environment

Standard cushion tire forklifts (for smooth indoor floors) are typically cheaper than pneumatic tire or rough terrain forklifts designed for gravel, mud, or uneven outdoor surfaces.

4. Logistics and “Hidden” Costs

When budgeting, don’t forget the extras that often appear on the final invoice:

• Delivery and Pickup: In Ontario, transport fees typically range from $150 to $300 each way, depending on your distance from the Concord/Vaughan hub.

• Attachments: Specialized tools like side-shifters, paper roll clamps, or man baskets may add a small daily premium.

• Damage Waiver/Insurance: Most reputable dealers require a basic insurance or damage waiver fee to protect against accidental site damage.

Renting vs. Buying: Which is Better for You?

Renting is the superior choice if:

• You have a temporary peak (like the holiday rush).

• Your primary machine is down for repairs.

• You want to test a specific model before committing to a purchase.

• You want to avoid maintenance costs, as the rental company handles all servicing.

Why Choose NovaLift Equipment for Your Ontario Rental?

At NovaLift Equipment Inc., we serve the GTA and Southern Ontario with a fleet of top-tier brands like Toyota and Raymond. We pride ourselves on transparent pricing and well-maintained machinery that won’t let you down mid-shift.

• Flexible Terms: Daily, weekly, or monthly—we adapt to your schedule.

• Expert Support: Not sure what capacity you need? Our technicians help you spec the right machine for your floor type and rack height.

• Rapid Delivery: Located in Concord, we provide fast transport to Toronto, Brampton, Mississauga, and beyond.

Get a Custom Quote Today

Ready to get moving? Prices can fluctuate based on seasonal demand. Contact us today or call 416-661-6262 for a fast, no-obligation quote tailored to your specific job site.

How NovaLift Equipment Can Help

NovaLift Equipment provides:

• Forklift inspections
• Capacity plate replacements
• Attachment installations with updated load charts
• Operator training referrals
• Sales, rentals, and service support

If you’re unsure whether your forklift is being operated within its rated capacity, our team can help assess your equipment and ensure it meets safety requirements.

Understanding forklift load charts is critical for safe operation and compliance. Operating within rated limits protects operators, equipment, and your business.

Ready to Get Started?

Contact NovaLift Equipment today to learn more about forklift lifting capacity.

We also provide forklift training for crews in Toronto and across the GTA.

 

Contact us today to learn more about our material-handling products and services.