Ultimate 2024 Guide on How Much Self-Storage Costs in the US


Are you looking for affordable self-storage in Yonkers or New York but have no idea what the going rates are? With prices rising across the board, you probably want to lock in a good deal before it’s too late.

But how do you know what a fair price is in today’s market? Don’t worry; we’ve got the inside scoop to help you make an informed decision. In this pricing guide, we’ll break down how much self-storage costs for different unit sizes so you can compare apples to apples.

How Much Does a Storage Unit Cost on Average?

If you’re looking for a storage unit for your extra stuff, you’ll want to budget accordingly. The average storage unit cost is $85.14 per month in the US. However, the exact costs can vary depending on the storage unit size you rent, with a portable storage container costing the least.

Small Units (5x5 to 10x10)

A small storage unit, like a 5x5 or 10x10, is good for storing a few boxes of files or small furniture. You’ll pay an average of $37 to $90 per month for a unit this size. Exact prices will vary in different parts of the country, and the features offered.

Medium Units (10x15 to 10x20)

A medium-sized, 10x15 or 10x20 storage unit is useful for storing the contents of a few rooms of furniture, small appliances, and boxes. Expect to pay an average of $130 per month for a unit of this size. Prices will typically range from $120 to $140 per month, depending on where you live.

Large Units (10x30 or larger)

If you need to store the contents of a house or office, a large storage unit of 10x30 or bigger is ideal. Plan on paying an average of $270 per month for a bigger unit. Exact prices will vary significantly based on the features offered and location.

The rates mentioned here are just averages; prices will be higher in large cities like New York and lower in small towns. Many storage facilities also offer discounts if you prepay for several months at a time or sign a long-term lease. You may be able to get the best price by comparing rates at a few nearby storage businesses. But why is self-storage so expensive in some areas and facilities compared to others? Let’s find out below!

What Affects the Price of a Storage Unit?

On the flip side, in smaller towns or in the suburbs, where there’s more space and less competition for it, you might find that storage units are much more affordable. So when you’re looking for a storage unit, remember that the “where” is just as important as the “how big” when it comes to how much you’ll be shelling out.

What Affects the Price of a Storage Unit

Location

Where the storage facility is located will significantly impact the price. Units in a major city or near high-value real estate will cost more than those in rural or less desirable areas. The higher cost is largely due to the cost of real estate and operational expenses, which are usually higher in such locations.

For example, a 10x10 unit typically costs $350 per month in New York but will be significantly lower in a small town upstate. Convenience and demand also contribute to the disparity in prices.

Amenities and Security

The features and services offered at a storage facility also affect the monthly cost. Those with advanced security solutions like video surveillance, alarmed units, on-site managers, and gated access generally charge higher rates than more basic facilities. Climate-controlled units, especially for sensitive items, also come at a premium. Similarly, if 24-hour access or covered loading areas are important to you, expect to pay more for the added convenience.

The bottom line is you can likely find very affordable self-storage if you’re flexible on factors like size, location, and amenities. However, if you need a large unit in a desirable area and want the latest security and climate control features, be prepared to pay a higher price for the value and peace of mind. For most renters, finding the right balance of the three factors—size, location, and amenities—will yield a good, cost-effective self-storage solution.

What if the Price Seems Too High at Certain Facilities?

Don’t be afraid to negotiate! Many places are willing to work with you, especially if you’re willing to sign a longer lease. You’ve got nothing to lose by asking if they can shave a few dollars off the monthly rate or waive certain fees like the security deposit or application fee. The worst they can say is no, but you might just save yourself some decent cash each month with a simple request. We’ll discuss more cost-saving tips later on in this article, so ensure you read to the end.

As mentioned earlier, climate control is one of the influencing factors that determine storage unit prices. But why is this so? Why do storage facilities charge way more for this feature? Discover answers to these and more below!

Climate Control vs. Non-Climate Control Units: Cost Comparison

When deciding between a climate-controlled storage unit and a non-climate-controlled one, cost is usually a big factor. As a general rule of thumb, climate-controlled units will cost significantly more. Let’s break down the specific prices on storage units so you know what to budget for either option.

Climate Control vs. Non-Climate Control storage unit

Climate-Controlled Units

Climate-controlled storage units typically cost 25–40% more than non-climate-controlled units. This is because they require additional investment to build and operate. Climate-controlled facilities need to install and run HVAC systems, insulation, and more advanced building materials to properly regulate temperature and humidity levels. These additional costs are passed onto customers in the form of higher rental fees.

Building a climate-control self-storage facility can cost $35–$70 per square foot, translating into a total cost of $8–10 million for a 2.5-acre storage property. These higher costs mean storage operators need to charge more to generate a return on their investment and cover ongoing operating expenses like energy bills. While the exact price difference will vary in each market and for each storage company, you can use the 25–40% rule of thumb as a rough estimate of the premium you’ll pay for the added comfort of a temperature-controlled storage unit.

Non-Climate-Controlled Units

Non-climate-controlled units are more basic and affordable since they don’t require advanced temperature regulation systems and insulation. Storage companies are able to keep costs lower, so they can charge customers lower rental rates. However, your belongings won’t have the same protection from environmental elements like extreme heat, cold, and moisture.

If you’re on a tight budget, a non-climate-controlled unit can save you a significant amount of money, especially if you only need short-term storage or are storing hardier items. But for long-term storage or more delicate belongings, a climate-controlled unit is probably worth the investment.

Which should you go for?

In the end, you need to weigh the added cost versus the added protection of a climate-controlled unit for your specific needs and budget. But in general, you can expect to pay a premium for the comfort of knowing your cherished belongings are stored in a consistently cool, dry environment. At Honey Store It—a storage facility based in Yonkers, New York—units with the climate control feature cost only $100 per month for 25 Sq Ft.

As highlighted earlier, you can always get a great bargain on your units if you know the drill, especially in areas with expensive fees. In the sections that follow, we share our expert strategies for securing the best storage unit prices.

3 Top Tips to Get the Best Storage Unit Price

To get the best price for storage, consider the following suggestions:

  1. Look for discounts and coupons.
  2. Consider extended rental agreements.
  3. Look for hidden fees.

1. Look for Discounts and Coupons

Self-storage facilities frequently run promotions and discounts to attract new customers. Check sites like Groupon, LivingSocial, and RetailMeNot for coupon codes you can use. Many storage companies also offer special introductory rates for new renters on their websites. Some may waive administration or moving-in fees if you sign a longer lease. It never hurts to ask if there are any current specials or ways to save.

2. Consider Extended Rental Agreements

Some self-storage companies provide discounts for customers who sign longer leases, such as 6 or 12 months. While month-to-month rentals offer more flexibility, longer agreements can save you 10–15% or more. If you know you need storage for at least 6–12 months, locking in a longer contract is an easy way to lower your monthly bill. Just be sure to account for any fees if you need to end your lease early.

3. Look for Hidden Fees

When comparing storage unit costs, look beyond the advertised monthly rental rate, as many additional fees can be tacked on. Make sure you understand all potential fees upfront to avoid surprises on your first bill. Negotiate to have any non-essential fees waived, especially if you’re renting long-term — every dollar saved helps when you’re on a budget!

Speaking of hidden fees, let’s explore the most common ones you may be required to pay at a storage facility.

3 Hidden Fees to Watch Out for When Renting Storage

When renting a self-storage unit, the advertised monthly rental rate often isn’t the only fee you’ll pay. Storage unit companies frequently charge various hidden fees that can significantly increase your total bill.

Be on the lookout for the following extra charges so you know how much self-storage costs exactly when renting:

  1. Insurance
  2. Late fees
  3. Lien fees
Hidden Fees to Watch Out for When Renting Storage

1. Insurance

While not technically a “hidden” fee, insurance charges are often overlooked when budgeting for self-storage. Monthly insurance fees are typically less than $10 per month for a $2,000 property. However, it can be higher, depending on the total value of the items you’re storing.

Insurance protects your belongings in the event of events like fire, theft, or water damage. While it may seem like an unnecessary cost, if something were to happen to your unit, you’d appreciate proactively paying for the coverage. Ask about the facility’s specific insurance options and rates.

2. Late Fees

If you fail to pay your storage bill on time, high late fees may apply. Most facilities charge 20% of the total amount if payment isn’t received within 30 days of the due date. Some places may charge a daily late fee for each day the payment is overdue. To avoid pricey late fees, set up automatic payments from your bank account or credit card if offered. Staying on top of due dates and mailing payments a few days early also helps.

3. Lien Fees

If you fall behind on payments for an extended time, the storage facility has the right to claim the contents of your unit to recover lost rent, known as a lien. Reclaiming your possessions after a lien has been placed can attract anything above $75 in additional fees. Some places may auction off or dispose of your items if they go unclaimed for a certain period. Lien fees can often be avoided by keeping your account in good standing and notifying the facility right away if you need to make payment arrangements.

Other Hidden Charges

Some facilities may charge small fees for other services that can add up, such as:

  • Lock-cutting fees if you lose your key or lock.
  • Non-sufficient funds (NSF) fees if your automatic payment bounces. This is typically not charged by the facility but by your bank, so ensure to keep your card funded.
  • Administrative fee, which is commonly charged by storage facilities when moving in to offset the cost of setting up your account.

By understanding all the potential fees in addition to the base rental rate, you can find affordable self-storage that truly fits your budget. Ask the facility for a full list of fees explaining how much self-storage costs before signing a rental agreement to avoid costly surprises down the road. With some due diligence, you can keep more cash in your pocket and spend less on storage fees.

Remember, if you live in Yonkers or around New York, Honey Store It offers climate-controlled units at decent rates!

Frequently Asked Questions

How much is storage per month in the US?

In the US, the average self-storage unit costs $85.14 per month. However, prices may vary by unit size, location, and features like climate control.

Is paying for storage worth it?

Paying for short-term storage can be worth it during transitions like renovations or moves or for businesses storing surplus items. However, long-term costs may exceed the stored items’ value, so it’s wise to consider the necessity and duration before you rent a storage unit.

How much do I pay for storage?

How much you pay for storage depends largely on location, with prices at facilities reflecting the area’s cost of living. Expect to pay varying rates based on the storage unit’s proximity to urban or in-demand areas.

Conclusion

The prices on storage units vary across the country, with prices generally higher in major cities and urban areas. But with savvy shopping and some flexibility, you can likely find a unit that fits your budget and storage needs. The key is to compare how much self-storage costs across different facilities, look for any move-in specials or discounts, and optimize your storage space so you’re not paying for more than you really require.

You don’t need to break the bank when renting self-storage units. With a bit of research and planning, you can store your extra stuff affordably. And who knows, maybe one day you’ll be ready to declutter and downsize, so you no longer need that storage unit at all! But until then, if you’re based in Yonkers, New York, you can always check out our storage units at HONEY STORE IT.