Rental costs are, for the most part, quite modest. Pedal for less than half an hour, and you'll do it for free. Hour long rentals come to $1.50 at the current exchange rate, thought that price jumps sharply to $6 if you keep the bike out for 90 minutes. How often visitors will actually bike for 90 minutes or more is questionable, as most of the major sites in London are less than an hour apart by bike. Full info on the new program is available at the link above.
Other cities that have debuted these wonderfully green, bike-rental programs just in the last few months include:
- Minneapolis: $5 per half hour or $60 per year-long membershipe
- Denver: Free for 30 minutes or less, $1.10 for 31-60 minutes, $3.30 for 61-90 minutes, $5 for 24 hours, $20 for 7 days
- Melbourne: First 30 minutes free, $2 Australian or up to an hour, $5 for up to 90 minutes, then down to $2.50 per day (so if you think you'll be out for a long ride, go with the daily option).