Our final prices was $191 and some change from MW. We also had a coupon for $40 off each rental and Hubs got a free suit if he had 6 rentals in his party (we had exactly 6!) So I think he came out okay in the end. The free suit was probably $300 value.
Try signing up for Men’s Warehouse e-mails/mail list. I received a coupon in the mail for tux rental for 99.00. A few weeks before we received the mailer, my fiancé went to get fitted and the price was about 189 plus tax. I was able to use the coupon for 99.00.
I think that pricing is pretty normal - however, have you considered just having the guys purchase nice black or dark gray suits? You can usually find lots of deals around that same price and then the guys get to keep the suit. They could still do bow ties. I would hate for my H to have to rent a tux for the same price as buying a suit.
I am pretty sure our tux rentals (with pants, suspenders (if wanted), shirt, vest, jacket, and shoes is $180. Its a smaller local place, but I think the range was 160-280. I don't think that is unreasonable given FH just had to buy a suite from Men's warehouse (including shoes) for like $400 last night...Yeah, he'll wear it again, but I would have liked to be a little more prepared for it before we walked in and the lady just kept saying "purchase".