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Compute & physical

GPU rental price per hour

Weekly median on-demand rental price per H100 GPU-hour across the cloud providers GetDeploying tracks; H200 and B200 alongside.

Reason through this

The reading

The H100's median rent fell by about a sixth into the spring and has since climbed back above where it stood a year before; newer chips rent for more. No sign of the glut that follows an overbuild.

Direction over the last 9 readingseach dot links to its record
nvidia h100 · $2.95 · 2025-09-22 · measurednvidia h100 · $2.95 · 2025-09-29 · measurednvidia h100 · $2.98 · 2025-10-06 · measurednvidia h100 · $2.98 · 2025-10-13 · measurednvidia h100 · $2.98 · 2025-10-20 · measurednvidia h100 · $2.98 · 2025-10-27 · measurednvidia h100 · $2.98 · 2025-11-03 · measurednvidia h100 · $2.95 · 2025-11-10 · measurednvidia h100 · $2.95 · 2025-11-17 · measurednvidia h100 · $2.89 · 2025-11-24 · measurednvidia h100 · $2.89 · 2025-12-01 · measurednvidia h100 · $2.89 · 2025-12-08 · measurednvidia h100 · $2.81 · 2025-12-15 · measurednvidia h100 · $2.81 · 2025-12-22 · measurednvidia h100 · $2.73 · 2025-12-29 · measurednvidia h100 · $2.73 · 2026-01-05 · measurednvidia h100 · $2.69 · 2026-01-12 · measurednvidia h100 · $2.89 · 2026-01-19 · measurednvidia h100 · $2.89 · 2026-01-26 · measurednvidia h100 · $2.94 · 2026-02-02 · measurednvidia h100 · $2.94 · 2026-02-09 · measurednvidia h100 · $2.87 · 2026-02-16 · measurednvidia h100 · $2.53 · 2026-02-23 · measurednvidia h100 · $2.49 · 2026-03-02 · measurednvidia h100 · $2.49 · 2026-03-09 · measurednvidia h100 · $2.49 · 2026-03-16 · measurednvidia h100 · $2.49 · 2026-03-23 · measurednvidia h100 · $2.50 · 2026-03-30 · measurednvidia h100 · $2.49 · 2026-04-06 · measurednvidia h100 · $2.50 · 2026-04-13 · measurednvidia h100 · $2.59 · 2026-04-20 · measurednvidia h100 · $2.50 · 2026-04-27 · measurednvidia h100 · $2.59 · 2026-05-04 · measurednvidia h100 · $2.64 · 2026-05-11 · measurednvidia h100 · $2.86 · 2026-05-18 · measurednvidia h100 · $2.80 · 2026-05-25 · measurednvidia h100 · $2.94 · 2026-06-01 · measurednvidia h100 · $2.76 · 2026-06-08 · measurednvidia h100 · $2.80 · 2026-06-15 · measurednvidia h100 · $2.73 · 2026-06-22 · measurednvidia h100 · $2.87 · 2026-06-29 · measurednvidia h100 · $2.99 · 2026-07-06 · measurednvidia h100 · $2.89 · 2026-07-13 · measurednvidia h100 · $2.99 · 2026-07-20 · measurednvidia h100 · $3.11 · 2026-07-27 · measurednvidia h100 · $3.25 · 2026-08-03 · measurednvidia h100 · $3.29 · 2026-08-10 · measurednvidia h100 · $3.25 · 2026-08-17 · measurednvidia h100 · $3.20 · 2026-08-24 · measurednvidia h100 · $3.14 · 2026-08-31 · measurednvidia h100 · $3.20 · 2026-09-07 · measurednvidia h100 · $3.15 · 2026-09-14 · measurednvidia h100 · $3.23 · 2026-09-21 · measurednvidia h100 · $3.32 · 2026-09-28 · measurednvidia h100 · $3.41 · 2026-10-05 · measurednvidia h100 · $3.80 · 2026-10-12 · measurednvidia h100 · $3.99 · 2026-10-19 · measurednvidia h100 · $3.85 · 2026-10-26 · measured
in the rule's windowearliermoves within ±$0.25 read as stable, and a move counts only if more than half the steps go its way; this window moved +$0.71 and 6 of 8 steps rose; higher reads concentrating
measured

58 readings drawn from getdeploying.nvidia_h100.on_demand_median_usd_per_gpu_hour.w, one of 3 series listed under How it is measured; 174 observations in the evidence.

Source: GetDeploying GPU rental price history (weekly median on-demand price per GPU-hour). GetDeploying, GPU rental price history (CC BY 4.0).

The numbers
as ofreadingvaluerecord
2026-10-26nvidia h100$3.85measured
2026-10-19nvidia h100$3.99measured
2026-10-12nvidia h100$3.80measured
2026-10-05nvidia h100$3.41measured
2026-09-28nvidia h100$3.32measured
2026-09-21nvidia h100$3.23measured
2026-09-14nvidia h100$3.15measured
2026-09-07nvidia h100$3.20measured
2026-08-31nvidia h100$3.14measured
2026-08-24nvidia h100$3.20measured
2026-08-17nvidia h100$3.25measured
2026-08-10nvidia h100$3.29measured
2026-08-03nvidia h100$3.25measured
2026-07-27nvidia h100$3.11measured
2026-07-20nvidia h100$2.99measured
2026-07-13nvidia h100$2.89measured
2026-07-06nvidia h100$2.99measured
2026-06-29nvidia h100$2.87measured
2026-06-22nvidia h100$2.73measured
2026-06-15nvidia h100$2.80measured
2026-06-08nvidia h100$2.76measured
2026-06-01nvidia h100$2.94measured
2026-05-25nvidia h100$2.80measured
2026-05-18nvidia h100$2.86measured
2026-05-11nvidia h100$2.64measured
2026-05-04nvidia h100$2.59measured
2026-04-27nvidia h100$2.50measured
2026-04-20nvidia h100$2.59measured
2026-04-13nvidia h100$2.50measured
2026-04-06nvidia h100$2.49measured
2026-03-30nvidia h100$2.50measured
2026-03-23nvidia h100$2.49measured
2026-03-16nvidia h100$2.49measured
2026-03-09nvidia h100$2.49measured
2026-03-02nvidia h100$2.49measured
2026-02-23nvidia h100$2.53measured
2026-02-16nvidia h100$2.87measured
2026-02-09nvidia h100$2.94measured
2026-02-02nvidia h100$2.94measured
2026-01-26nvidia h100$2.89measured
2026-01-19nvidia h100$2.89measured
2026-01-12nvidia h100$2.69measured
2026-01-05nvidia h100$2.73measured
2025-12-29nvidia h100$2.73measured
2025-12-22nvidia h100$2.81measured
2025-12-15nvidia h100$2.81measured
2025-12-08nvidia h100$2.89measured
2025-12-01nvidia h100$2.89measured
2025-11-24nvidia h100$2.89measured
2025-11-17nvidia h100$2.95measured
2025-11-10nvidia h100$2.95measured
2025-11-03nvidia h100$2.98measured
2025-10-27nvidia h100$2.98measured
2025-10-20nvidia h100$2.98measured
2025-10-13nvidia h100$2.98measured
2025-10-06nvidia h100$2.98measured
2025-09-29nvidia h100$2.95measured
2025-09-22nvidia h100$2.95measured

Why it matters

The cloud layer's price per unit of compute; falling rental prices are the neoclouds' rent eroding, and a crash would be the glut that bandwidth went through in 2001.

What cuts against it

List prices, not what contracted buyers pay; spot and reserved prices diverge from on-demand; one aggregator, and its panel of providers changes week to week; an older chip's rent falls as newer chips arrive, with no glut.

How it is measured

Eight weekly readings, about two months. A move of a quarter an hour or less is noise in a median across some forty providers whose panel changes week to week (a third of four-week moves in the first year exceeded fifteen cents); rising rents mean the owners of GPUs keep more of the value.

Applied to getdeploying.nvidia_h100.on_demand_median_usd_per_gpu_hour.w.

Latest readings
  • 2026-10-26 nvidia_h100 · $3.85as of 2026-10-26
  • 2026-10-19 nvidia_h100 · $3.99as of 2026-10-19
  • 2026-10-12 nvidia_h100 · $3.80as of 2026-10-12
  • 2026-10-05 nvidia_h100 · $3.41as of 2026-10-05
  • 2026-09-28 nvidia_h100 · $3.32as of 2026-09-28
  • 2026-09-21 nvidia_h100 · $3.23as of 2026-09-21
Why this status, and its history

First reading, from GetDeploying's weekly median of on-demand list prices across the cloud providers it tracks, read only once a week has closed. An H100 rented for $3.15 an hour in the week of 14 Sep 2026, against $2.99 eight weeks before (inside the quarter-dollar dead band, so stable) and $2.95 in its first week on record, 22 Sep 2025. One aggregator at tier 3 caps the status at emerging.

  1. 2026-09-25unmeasured to emergingconf — → 35 · Claude (model)

    First reading, from GetDeploying's weekly median of on-demand list prices across the cloud providers it tracks, read only once a week has closed. An H100 rented for $3.15 an hour in the week of 14 Sep 2026, against $2.99 eight weeks before (inside the quarter-dollar dead band, so stable) and $2.95 in its first week on record, 22 Sep 2025. One aggregator at tier 3 caps the status at emerging.

    Weighed against it: List prices, not contracted prices; reserved and spot prices sit well below on-demand, so a glut could show there first; the median fell by about a sixth into the spring before recovering.

    sources123
Why this confidence

Rests on 174 observations from GetDeploying GPU rental price history (weekly median on-demand price per GPU-hour); best evidence tier 3, grade B; current.

Confidence is independent of status: 90–95 multiple strong independent sources; 70–89 good evidence, some ambiguity; 50–69 mixed or hard to operationalise; 0–49 limited or vague evidence.