By Aaron Mackel,

Looking to save money on apartment rent? Not many people would consider renting a storage unit as a way to cut apartment costs, but if you hypothetically swapped 100 square feet of apartment space for storage space, you could actually save big!

Below, we’ve compared the average monthly apartment rent per square foot (for both one-bedroom and two-bedroom apartments) and the average monthly storage unit rent per square foot in ten major U.S. markets.

10x10 Storage Unit vs. One-Bedroom Apartment

CityApartment Rent Per Sq. Ft. (monthly)Storage Unit Rent Per Sq. Ft. (monthly)Difference Per Sq. Ft. (monthly)Difference Over 100 Sq. Ft. (monthly)Savings Over 12 Months (by renting storage)
Los Angeles$3.53$2.44$1.09$109$1,308
New York City$3.88$2.66$1.22$122$1,464

Interesting takeaways:

  • In seven cities, renting a storage unit could save renters more than $1,000 over the course of a year.
  • Boston has the biggest difference between the cost of rental space vs. storage space by far.
  • Atlanta’s affordable rental market results in the lowest savings by using self storage.

10x10 Storage Unit Vs. Two-Bedroom Apartment

CityApartment Rent Per Sq. Ft. (monthly)Storage Unit Rent Per Sq. Ft. (monthly)Difference Per Sq. Ft. (monthly)Difference Over 100 Sq. Ft. (monthly)Savings Over 12 Months (by renting storage)
Los Angeles$2.79$2.44$0.35$35$420
New York City$3.26$2.66$0.60$60$720

Interesting takeaways:

  • A two-bedroom apartment in Atlanta is the only instance when it doesn’t save to rent storage space.
  • Even with the lower price per square foot of a two-bedroom apartment, you can still save more than $1,000 a year by using storage in three cities.

So if you’re looking at apartments that have enough space for summer/winter clothes, a bike, golf clubs, holiday decorations, or other items that don’t need to be with you at all times, putting those things in storage and renting smaller could be a more cost-effective solution. Or if you’re considering upgrading to a larger apartment because your child outgrew a bunch of clothes, toys, and furniture that you don’t know what to do with, you could save a significant amount by staying put and putting those things into storage for future children.

Interested in seeing if storage can help you save? View storage units near you on today.

Apartment rental data is from U.S. News Money.

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  1. I personally don’t think that there is very much of an issue with storage versus living spaces these days. There are so many options for dual-purpose furniture or external storage suppliers that people are spoilt for choice if they want to own more things while keeping their homes stylish and neat!

  2. There is no singular right or wrong answer as to whether or not self
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  4. You’ll be very surprised at how storage prices at a self storage facility might be more affordable than living in an actual apartment unit in the city. I’ve even read articles about how some people are opting to live in a self storage unit rather than pay the crazy rental fees for an apartment unit or even to rent out a room in a house for that matter!

  5. This was so interesting, I am getting married and going through all my things to decide what to take to our new home in Vero Beach by D.R. Horton or if I should scrap it.. I think I will just rent a storage unit until I know for sure I cant keep it all. Interesting indeed.


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