Rivian’s R2 Costs More To Lease Now Than The Bigger R1S Did A Month Ago

The Rivian R2 is now available for lease, but the monthly cost is around $1,000, whether you put thousands down or nothing at all. The 2026 R2 Performance is advertised at $829 per month for 36 months with $5,724 due at signing, which includes fees and the first month’s payment. This works out to an effective monthly cost of roughly $965. Removing the down payment increases the monthly payment to $939 for the same 10,000 miles and 36 months. The R2’s lease price is surprisingly steep, especially when compared to the larger R1S, which was available for $799 per month with $5,694 due at signing less than a month ago. The R1S now lists at $899 per month with $8,794 due at signing, resulting in an effective cost of roughly $1,118 monthly. Many customers are expressing disappointment with the lease pricing, with some saying they will wait for lower-priced R2 trims or better deals. Despite the complaints, Rivian says demand remains strong for the R2.