For daily commuters, the cost of parking can feel like a second rent payment. Paying by the hour or day adds up quickly, which is why many drivers consider monthly parking passes. But is it really worth it? Let’s break down the pros, cons, and savings potential.

The case for monthly parking
If you’re parking in the same area every weekday, a monthly pass almost always saves money. For example, if daily parking costs $20, you’ll pay about $400 a month. A monthly pass in the same garage might run $250–$300, which shaves off $100 or more. Beyond savings, monthly passes offer convenience—you don’t have to worry about finding a spot or fumbling with payments each morning.

The downsides to watch out for
Monthly parking locks you into a contract, so if your schedule changes or you start working remotely more often, you may end up paying for space you don’t use. Some garages also tack on fees for overnight parking, lost passes, or premium spots. It’s important to read the fine print before signing up.

Flex passes and subscriptions as alternatives
Some parking providers now offer flex passes or subscription-style plans, where you pay for a certain number of days per month instead of unlimited use. This is a great middle ground for hybrid workers who don’t commute every day.

Stacking savings with cashback apps
Even if you commit to a monthly pass, you can still save more by using cashback apps. Platforms like Rakuten and Ibotta often run deals with parking services, and paying with a rewards credit card or parking gift card can add another layer of savings.

When monthly parking makes sense
Monthly passes are best for consistent commuters who park at least three to four days per week. If your schedule is unpredictable, a flex plan or discounted daily reservations through apps like SpotHero may give you more control.

In the right situation, monthly parking can save hundreds of dollars per year. The key is knowing your habits and pairing your pass with rewards to make the most of your money.