Storage unit rental as an industry has a $23 billion market size. There are several options for you to explore if you have belongings that are cluttering your house.
Before you go this route, there’s a million-dollar (hopefully not) question that needs to be answered – How much does it cost?
The cost to rent a storage unit depends on a few factors, which we’ll dive into below.
Studying ballpark estimates of storage unit costs will give you an idea of how much you should budget.
Storage unit renters should expect to pay about $250 per month according to national averages. These prices can vary from $20 per month to $450 per month.
A lot of this depends on your city and the current availability.
Price also varies based on the type of unit that you need. They come in several sizes, including 25 square feet, 50 square feet, 75 square feet, 100 square feet, and 150 square feet varieties.
Think about whether you need heating and cooling with your unit, and whether you prefer indoor or outdoor styles. You might also consider drive-up storage, business storage, or storage units that you can access 24 hours a day.
All of these factors will play a role in the monthly rate that you’re quoted.
Renting a storage unit comes with several potential add-on options. You might require equipment like hand trucks or dollies, a padlock, lockers, or dust blankets.
You might also opt for storage unit insurance to protect your rental. Always ask the storage rental company if the contract comes with insurance included or if you need to add it to the package.
Many renters choose to take out a separate policy with their insurance company. Either way, insurance is critical and should be factored into the cost.
Take time to research different storage rental companies and grade them on their quality and standards. Get estimates from each company after you’ve compiled a list of the highest-rated.
Don’t make your decision on price alone, as a stellar rental company might also charge a bit more. Comparing their estimates will give you a better perspective on the market rate for these services so that you can make a more informed decision.
Read the contract to know whether you are renting month to month or locked into a year-long contract.
Also, Read: 7 Unusual Places Bugs Hide
Knowing the cost to rent a storage unit is step one before you decide to sign a contract. Renting a unit can help you out whether you’re doing a bit of spring cleaning or need to unload several of your old belongings.
Take the information above to heart to make certain you’re getting a fair deal. You can rely on us for guidelines that can help you in other aspects of life.
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