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Timing is everything forbudget-conscioustravelers considering a summer holiday.

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While June and July are peak travel months, August often offers the best deals.

Kicking off the late-summer shoulder season, August offers warm weather with fewer crowds and lower costs.

Heres why August is the summer month thatsmost budget-friendly for travel.

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Prices tend to drop during that time.

However, its worth keeping in mind that travel costs can vary significantly depending on destination.

In addition, many attractions remain open but with fewer lines and lower costs.

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Domestically, places like Orlando and Las Vegas also become more affordable in August.

Both cities have a large volume of flights and competing airlines.

So, when fewer people are booking, prices naturally go down.

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We analyzed our total price of car rentals booked for the last three summers, Mannell said.

The cheapest month to book a car rental based on our analysis is clearly August.

On average, August was about 10% cheaper than eitherJune or July.

Mannell said travelers looking to take advantage of August deals should book well in advance.

Some locations sell out in the summer and get very expensive at the last minute, Mannell explained.

For places like Alaska and Yellowstone, we recommend booking as much as a year in advance.

It often comes with heat and hurricanes, Zach said.

However, its a good time to avoidmassive tourist crowdsand high prices.

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