Next up in our Storage 101 series, we would like to talk a little bit about how much it costs to rent a storage unit. Now, unless we know exactly where you live and what kind of unit you want—whether you need a small Denver storage unit to hold your athletic supplies or a Houston storage facility near your home and work—it is impossible to quote exact prices. Just as real estate costs vary from place to place, so too will your storage facility charge varying amounts.
And it is not just location that plays a role. You also have to figure in the age, quality, size, length of rental time and security of your self storage facility. Higher end facilities will typically cost more but provide superior services. A conveniently located but not new facility might be more affordable in the long run.
Here are just a few of the factors that will influence cost—and what you can do to save money on your self storage unit.
- Size: The most important storage unit price consideration will be size. The average 10 x 20 storage unit comes in at around $100 a month. Smaller units can go down as low as $40, while the larger ones can cost upwards of $200 a month. Depending on how pricey space is in your area (city storage units, for example, are much more expensive than those in a small town), you will find some variation in these numbers.
- Location: An urban New York storage facility is going to be more expensive than a suburban Dallas storage unit. Any facility located near residential areas or in a high-traffic location is going to cost more than one where land and space is readily available. Location is important for convenience, but it is also a big factor in what you will end up paying.
- Climate Control: When you consider something like Miami storage, you have to factor in the local weather. The warm, humid climate can easily wreak havoc on your possessions—especially as you will be leaving them untouched and unaired for so long. Las Vegas storage has its own problems, as the hot and arid climate can dry out some items and make them more brittle. Some storage facilities sidestep these issues by providing climate control in the shape of humidifiers, dehumidifiers, and temperature settings—but these all come with an additional cost.
- Structure Type: There are two main types of storage facilities: indoor and outdoor. Outdoor structures function much like household garages, in that each unit has a separate door accessible from the outside. Indoor structures tend to look more like apartment buildings, offering one main entry to the facility and then separate doors for each unit. Expect indoor units to be more expensive—oftentimes up to 50 percent more than outdoor structures.
- Security: Security is a real factor when it comes to self-storage. Although you should always rent from a facility with at least some security in place (video cameras and keypad entry), you can take things one step further by looking for sites with 24-hour security guards. The more secure the facility (and the better your storage lock), the more you will pay.
- Rental Agreement: Of course, one of the lesser known self storage unit factors is what is contained within your rental agreement. Renting a storage unit for a shorter six months is going to cost more per month than one rented for years at a time. Payments up front can also provide a fairly hefty discount (and save you the trouble of remembering to pay). If you really want to save money on renting a storage unit, we recommend you talk with the facility about possible discounts for advance payment and longer rental terms.
Fortunately, none of these cost factors is set in stone. To save money with self storage, you might also want to consider how to fix things on your end—how to pack your items so that climate issues are not a factor, how to maximize space and even buying a self storage lock on your own.
That is why next up in our Storage 101 series will be making the most out of your space with packing tips and tricks. Hope to see you there!