Woman carrying a box to a storage unit

How Much Does a Storage Unit Cost

There are a variety of reasons individuals decide to rent a storage unit, but one of the most prominent rental factors is cost. Whether you’re in the process of moving or downsizing, or you simply have more possessions than you have space for, the first step to determining the storage unit you need is to assess storage rental prices. Costs for renting a storage unit will vary widely based on a variety of factors and features. This guide will provide an overview of the average storage unit price offered by traditional storage facilities and the factors that affect these storage rates.

How Much Does It Cost to Rent a Storage Unit?

Storage units are often rented on a monthly basis, and storage rates vary depending on the size and features of the unit. While storage units are typically considered secure, the types available vary widely. For instance, some storage units are indoor units, and others can be accessed from outside. Still, the biggest price factor in similarly sized storage units is climate control. While there are some differences due to location and other factors, you can generally expect your storage unit rental price to fall within these averages:

  • The average storage rental price for a standard storage unit typically ranges from $60-$180 per month.
  • The average storage rental price for a climate-controlled storage unit typically ranges from $75-$225 per month.

Average Storage Unit Price by Size

It’s clear that storage rates vary quite widely, even within the same type of unit. The reason for this is typically size. Storage unit sizes vary by square footage, and prices rise as units get larger. So to get a more accurate comparison, it’s essential to compare prices among different sizes of units.

Storage Unit Price Comparison

5’ x 5’ 5’ x 10’ 10’ x 10’ 10’ x 15’ 10’ x 20’
Average Monthly Price $60 $70 $110 $130 $180
Climate-Controlled Average Monthly Price $75 $88 $138 $163 $225
What Fits Several boxes or furniture items, seasonal items, or college summer storage. Studio or small 1-bedroom apartment items. Small 2-bedroom or larger 1-bedroom apartment items. Larger or 1-2 bedroom house items, a compact car, or small recreational toys. 3-4 bedroom home items or a standard-sized vehicle.

Cost Factors for Storage Units

To determine the storage unit rate you’ll actually pay, you’ll need to take several factors into consideration. Depending on these factors, you may be paying slightly more or a little less than the average storage unit cost.

Location

The location of the storage facility could actually drive up your storage unit price. Facilities in urban areas are often more expensive due to high demand. However, you may be able to save money if you’re willing to drive further to use a storage unit in a less populated area.

Size of Unit

While you want to choose a storage unit slightly larger than you think you’ll need, the storage unit cost will increase considerably with larger-sized units. Take the time to calculate the square footage you actually need and purge items you intend to replace.

Seasonality and Availability

Self-storage prices are often lower in the winter. 80% of moves in America occur between the months of April and September, driving up demand (and the average storage unit price). However, if you live in an area that isn’t densely populated with a wealth of available storage units, then you might get a lower rate than average.

Climate Control

Some items that could sustain damage in traditional storage conditions can benefit from a climate-controlled storage unit. These units eliminate the dangers of damage due to extreme temperature changes. These units may also include humidity control. However, temperature-controlled storage unit prices are always higher than non-temperature controlled units.

Facility Type

The type of storage facility can greatly affect average storage unit prices. For instance, indoor storage may be more expensive than outdoor storage. If you need climate control, then your monthly storage rates will go up. Also, you might pay an additional price for humidity control. Vehicle storage also varies depending on the type of storage and features available (indoor, outdoor, or covered storage).

Not sure what kind of storage unit to get? Use our guide on storage types to help you choose the perfect solution for your needs.

Duration of Occupancy

Long-term vs. short-term rental contracts can have an effect on your storage unit price. While many storage facilities typically rent out storage units on a month-to-month basis, some have a minimum rental duration requirement (usually three months). Since rental payments are typically taken care of when you sign on the dotted line, it’s essential to know the total cost to rent a storage unit upfront with any minimum rental durations factored in.

Level of Service

Storage unit pricing can vary between a full-service facility and a self-service storage facility. Full-service storage facilities include pickup, delivery, and often photo documentation of your possessions, but these perks come at a cost. You can expect full-service storage units to have a higher monthly rate than self-storage units.

Security Deposit and Administration Fees

Each facility has different practices regarding security deposit amounts and the fees associated with renting a storage unit. These are typically upfront costs, but administration fees can be a monthly charge.

Insurance

Most storage facilities require you to protect your possessions with some type of insurance coverage. If you don’t have renters or homeowners insurance, then you may have the option to purchase insurance through your storage facility. But not all facilities offer it. If you do opt for storage insurance provided by the storage facility, then the cost of insurance premiums will be added to your monthly storage unit price.

Protect your stored belongings using our storage insurance guide for navigating the type of coverage you need.

Specials or Add-Ons

You can often get a discounted price if your storage facility offers discounts like getting the first month free. However, when you take advantage of add-ons offered by the facility (like storage bins, packing supplies, padlocks, and labor assistance), you’ll likely spend more on your final storage unit cost than you bargained for.

Cheaper Monthly Storage Rates With Neighbor

We know that cost is a leading factor when shopping for a storage unit. So with average monthly prices and factors for renting a unit from a traditional storage facility now considered, it’s clear that Neighbor is the better solution for finding cheaper storage units that meet your needs. Neighbor is a storage company that connects residents who have extra space with renters who need to use that space. It’s like Airbnb for storing your belongings.

Renters that move away from traditional storage facilities and leverage peer-to-peer storage solutions like Neighbor can find the type of storage unit they need and often pay 50% less than units in storage facilities. Consider these average prices for renting a storage unit with Neighbor compared to the cost of renting a storage unit through traditional storage facilities.

Average Storage Unit Prices: Neighbor vs. Traditional Storage

Unit Size Average Monthly Price
on Neighbor
Average Monthly Price at
Storage Facilities
5’ x 5’ $20 $60
5’ x 10’ $26 $70
5’ x 15’ $50 $90-$100
10’ x 10’ $42 $110
10’ x 15’ $44 $130
10’ x 20’ $72 $180
15’ x 15’ $100 $183
20’ x 20’ $105 $150

Obviously, when it comes to storing your possessions, the storage unit price isn’t the only thing you’re worried about. Neighbor offers a variety of other quality features for renters, as well. Neighbor protects stored items with a $25,000 Renter Guarantee, but storage facilities may charge as much as $25 for less coverage. For many renters, it’s easy to find a variety of storage unit types, from indoor rooms to garage spaces conveniently located in secure residential areas. Finding secure space to store your belongings doesn’t have to cost a fortune. For many, it simply means finding a new solution.

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