How Much Does A Storage Unit Cost?

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    Self storage is a popular option when choosing to relocate some items. When there is limited storage space in your home and you need a safe location to store your personal belongings, it may be time to consider getting a storage unit. Storage units are secure and offer features like climate-control, which will help ensure the protection of your items. There are a few factors that come into play when determining the cost of a storage unit. Climate control features, the size of the unit, and the unit’s location can all affect self storage costs. The cost of a small storage unit can be as low as $15 per month. However, some of the larger units may run up to $300 per month, depending on the location and features.

    How Much Does A Storage Unit Cost Per Month?

    The price of a monthly self-storage unit depends on its features. A small storage unit can cost between $15 and $20 per month. When you pay in advance or even make yearly payments for your storage unit, self-storage prices can be slightly lower than they would be with a monthly payment. The self-storage company may also choose to give you a free month of storage. A storage unit paid for monthly at $20 would cost $240 annually. However, when paying in advance, discounts may make it as low as $200 to $220. It saves money to pay for a self-storage unit in advance. Additionally, paying up to year helps to ensure that you will be able to afford payments. By purchasing a unit yearly instead of monthly, the self-storage rates are lower.

    5×5, 10×10, etc. Storage Unit Cost

    A basic 10×10 storage unit usually ranges between $40 and $100, depending on its location. In prime locations, such as New York or California, these rates are usually higher. Because self-storage rates are greatly affected by the size of a unit, it is important to determine how much space you will need. The basic 10×10 unit gives 100 square feet of space and can hold a bedroom-sized amount of large items. Additionally, boxes and a few appliances will be able to fit in this space. Self-storage prices change depending on the amount of space in a unit. A small 5×5 unit of self-storage can cost as little as $15 or $20 per month. A 5×5 unit can hold small pieces of furniture and is comparable to the size of small closet or bathroom. It can hold small items of furniture, a few boxes, and maybe even a bicycle. A larger unit, the 10×30, offers 300 square feet. It is roughly the size of a two-car garage and can hold a plethora of items. The self-storage cost for this larger unit is typically between $160 and $180 per month.

    Self-Storage Companies

    Self-storage prices can vary depending on the company you use. To ensure they receive business, self-storage companies often offer competitive pricing. They also offer deals, such as giving a free month when the storage unit cost is paid up to six months in advance. Self-storage prices from different companies are greatly affected by the location and the prices of the companies around them. For example, if the going rate for a 10×10 storage unit is $80 in California, which is higher than national standards, then all companies will charge around $70 or $80 for a storage unit of that size in the area. By offering competitive self-storage prices or running specials, self-storage companies hope to draw in more customers than their competitors.

    Secure Self Storage

    Secure self-storage unit costs are slightly higher than costs for unsecure self storage. All units come with some kind of security, usually requiring the unit owner to enter a passcode or unlock a padlock to access their items. However, some units require that a passcode be entered before the unit owners can even access their units. There may be a very small difference between secure self-storage and unsecure self-storage unit cost.  For example, rather than paying $15 per month for a 5×5 storage unit, you may end up paying $18 a month for a secure self-storage unit.

    Climate-Controlled Self Storage

    In some locations, climate-controlled self storage is desirable, if not necessary. In humid or wet environments, the weather can cause mold or mildew to grow. This is particularly common in areas that are not cleaned frequently or that do not receive a lot of air. This is often true with storage units because storage unit owners often leave their items unattended and may go months, if not longer, between visits. For this reason, climate control is sometimes a necessary additional self-storage cost. Large units, such as a 10×30, can range from $150 to $300, depending on the location of the storage unit.

    Low-Cost Self Storage

    To some self storage users, cheap self storage is highly desirable. They just want an area to store excess belongings at a low price. There are low-cost self-storage units in many areas. They will not come with climate control and are often small in size, but a small unit can be as cheap as $15 or $29 per month.

    Self-Storage Insurance

    For some self-storage users, having secure self storage is not enough. They want to ensure the safety of their items. Self-storage insurance is available through insurance companies and can easily be added onto your monthly or yearly insurance premium. This can cost an additional $10 or more, depending on the value of the items in your storage unit.

    Self-Storage Construction Costs

    Self storage is a popular options for investment. To build a self-storage unit from the ground up, it may cost $1 to $1.5 million dollars. This includes the units, an office building, security, and climate-controlled units. This does not include the cost of land, which is an additional charge. Depending on the number of units and the amount of occupancy, however, the self-storage building cost can be earned back in three or four years.

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