Storage Unit Cost: What To Expect & What’s Included
Whether you are decluttering your home, moving, or simply needing extra space, renting a storage unit can be a convenient and flexible solution. If you have little experience renting or have not rented a unit in some time, you may be wondering about the expected storage unit cost.
Prices can vary based on a range of factors including the location of the storage unit. In this guide, we’ll walk you through what you can expect when renting a local storage unit.
Factors That Affect Storage Unit Cost
The cost of renting a storage unit isn’t one-size-fits-all. Several factors influence pricing, so it’s important to understand what drives those differences.
- Location
Pricing can fluctuate based on where the storage facility is located. In urban areas like Seattle or Portland, prices may be higher as the demand for storage is greater. Smaller towns with less dense populations across Washington, Oregon, Arizona, or New Mexico may offer more budget-friendly options.
- Unit Size
One of the largest factors in pricing is the size of the unit. Storage facilities provide an array of options when it comes to storage – and not all storage facilities are alike! When shopping for a storage facility near you, it is best to familiarize yourself with the unit sizes available to ensure the facility is a good fit for you.
From closet-sized spaces to garage-sized units, the range in unit sizes is vast. Here’s a general idea of how size can affect the storage unit cost:
- Small units (5×5) can be perfect for boxes, small furniture, or seasonal items. You can expect a lower price range for a smaller unit.
- Medium units (10×10) work great for the contents of a one-bedroom apartment or several larger items.
- Large units (10×20+) can hold the contents of a multi-bedroom house making them pricier but ideal for big moves.
Interested in learning more about what size storage unit you need? Read here.
- Indoor & Outdoor Units
Depending on your use case for a storage unit, you may be interested in an outdoor storage space.
- Unit Access
How your storage unit can be accessed could affect pricing. Some units are only accessible indoors at ground-level or multi-level buildings. Facilities may offer stairs and elevators to access units.
Alternatively, facilities may offer outdoor access to medium and large storage units. Storage units accessible outdoors may have drive-up access, making moving and storing belongings easier.
- Heating or Cooling Features
Whether or not a storage facility offers climate-control may affect the storage unit cost. Having a heated or cooled building can provide additional care for your items. A climate-controlled storage unit is a smart choice for storing delicate items like documents, electronics, or wooden furniture. However, this feature usually adds a bit more to the monthly rent.
- Additional Features & Amenities
Many storage facilities offer additional amenities to ensure that renting a storage unit is a convenient and secure process. Some amenities may include elevators, moving carts, access to rental trucks, and high-tech security features.
Typical Price Ranges for Storage Units
While it’s difficult to pinpoint an exact storage unit cost due to the varying factors that come into play, we can give you a general idea of what to expect. Keep in mind that prices vary from state to state – and even between cities. Here’s a rough guide:
- Small Units (5×5 or 5×10) Typically range between $50 to $100 per month.
- Medium Units (10×10 or 10×15) Expect to pay somewhere between $100 to $200 per month.
- Large Units (10×20 or larger) These units can start around $200 per month and higher depending on the location and other factors.
What’s Included in the Cost of Storage Units?
Understanding what’s included in your rental can help you make a more informed decision. Typically, storage facilities will include the basics in your monthly fee, but there may also be additional costs to consider.
- Access hours may range from standard or extended hours
- Maintenance and cleanliness
- Keypad access
- Gated facility access
- Security cameras
- Advanced security features
- Moving & storing supplies
- Friendly & helpful staff
- Option for deliveries to be accepted at the storage facility office
Additional Storage Unit Costs
Beyond the base rental fee, there are a few additional costs renters may encounter.
- Insurance
Most facilities will require renters to have insurance that covers their belongings. If you already have renters or homeowners insurance, your storage unit may already be covered. If you do not have insurance that covers your belongings in your storage unit, you may need to pay an additional monthly fee to insure your items. The fee can range from $10 to $50 per month.
- Lock Fees
Some facilities will require you to purchase a specific type of lock for a variety of small storage units. Lock fees may range from $10 to $30.
- Administration Fees
When you first sign a rental agreement for your storage unit, you may encounter an administration or setup fee. This is usually a one-time charge of around $10 to $15.
- Late Fees
It’s always a good idea to stay on top of your payments! Similar to renting an apartment or house, paying your monthly rent in the determined payment window is expected. Many storage facilities will charge late fees when rent goes unpaid. Late fees can add up quickly if you are not on top of your payments. Late fees may range from $10 to $65.
Tips for Saving on Storage Unit Cost
Renting a storage unit doesn’t have to break the bank. One of the ways you can find the ideal cost for your budget is to shop around. When considering the right storage unit, ask local companies about discounts they may offer. Oftentimes, facilities will offer discounts on the first month’s rent, certain rental length terms, or specific storage unit sizes.
Another way you can save on storage unit costs is by getting a storage unit that is big enough for your needs – and not any larger. If you are only using half of your storage unit, it may be worthwhile to switch to a smaller storage unit with a lower monthly rental rate. Consider sharing a storage unit with family members or close friends who also need storage.
Looking For The Right Storage Unit? Urban Storage Can Help
If you are located in Washington, Oregon, Arizona, or New Mexico, use our storage facility locator and find a storage unit near you. Whether you are looking for a small storage unit to declutter your home or a large storage unit to store your boat, Urban Storage has a storage facility for you.
As you search for your next storage solution, consider storage unit cost and ensure you ask the right questions before signing a rental agreement so you are confident the price falls within your budget.
