I was just in Port Aransas & I didn't see any places to rent wave runners.
In Port Aransas you can rent wave runners or parasail by Woodys, next to the Back Porch off Cotter street. They are escorted tours - you cant just run out there by yourself, as this is intercoastal and there are big ships, ferries, etc that travel thru there. It is still alot of fun, and the parasailing is a big thrill too.
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