How Much is Personal Storage? A Cost Breakdown
Norm Kotoch
June 19th, 2024
Whether you’re downsizing, decluttering or transitioning your belongings into a self-storage unit, knowing the costs can help you make an informed decision.
Self-storage units offer a variety of amenities and benefits, including size and special features, but it's essential to determine if these features are worth the cost to better plan your budget.
Continue reading to find out how these factors can influence pricing and tips to budget effectively.
Factors that Impact the Cost of a Storage Unit
Although there are several diverse factors that can play a role in the cost of renting a storage unit, some of the most common include size, location, and special features.
Some of these special features can be beneficial to your storage needs, and you may want to consider them before finalizing your decision. Here’s a breakdown:
- Size: One of the most significant factors for a personal storage unit is size. Depending on how large or small your items are, the cost can fluctuate. Common sizing can range from 5 x 5 to 15 x 22 in some instances, making units suitable for a couple of boxes to large vehicles.
- Location: Depending on where your self-storage facility is located, it may be more expensive to utilize. Look for a company that offers convenient locations without high prices.
- Security: Premium security is a must when selecting a storage facility. It’s important to make sure your belongings are secured within your unit and check for additional safety features. Video surveillance, alarm systems, and passcode entry are all features to verify with your self-storage facility manager.
- Temperature Control: Ranging temperatures can cause permanent damage to your belongings. To preserve your items' integrity, select a service provider with optimally conditioned units to protect your items from rust or deterioration.
How Much Does a Storage Unit Cost?
Across the United States, prices for storage units can range from $75-$185 per month on average depending on the size of the unit, according to a Forbes Home study. Certain benefits, such as climate-controlled units or security, can increase costs up to $25-$30 per month.
However, facilities like Security Self Storage offer promotions that can reduce these initial costs. Our special pricing information includes pricing on all our climate-controlled units as low as $94 per month (for a 5x5 unit). Also, if you pay for the first month on any 10x10 unit, you get the second month free!
How to Budget for a Storage Unit
Planning a budget for your storage unit can be beneficial for saving money on other expenses. Assessing your storage needs, including what items you need to store, is an excellent first step in determining the appropriate unit size. Do not overestimate your storage space needs, as organizational tricks like floor-to-ceiling shelves can help maximize your storage unit size.
Another way to budget for a storage unit is to keep an eye out for discounts. Self-storage units often share special promotions and monthly specials, which can help to reduce your overall costs for rent.
Find a Local, Budget-Friendly Storage Provider
Ready to find your perfect storage unit for your budget? Contact us today to visit one of our convenient locations or get more information.
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