How Much Does a Self Storage Unit Cost?

What is Self Storage? 

Self storage has become an increasingly popular option for individuals moving home or companies who need more space for their equipment and are looking to declutter their office, warehouse, or construction site.

No matter your industry or profession, whether you are a plumber, electrician, manufacturer, or event planner, having a place to store your belongings can be a real life-changer. All you need to do is drop off your stuff, organise it within your allocated storage box, and pay a monthly or weekly fee.

But how much will this set you back? The reality is that there is no exact answer as it depends on a number of different factors, from size and type to location and short- or long-term rentals. 

If you want a bit more context, read ahead to learn more about the many aspects that can influence the overall cost of your self storage solution.

And if you run a self storage business, don’t hesitate to get in touch with our friendly team to talk about the perfect containers for your site. At Cleveland Containers, we have a wide range of options that are bound to suit your operational needs perfectly.

Storage Unit Cost Factors 

Size and type

When it comes to self storage, size can have a significant impact on how much you will end up paying at the end of each month.

Unsurprisingly, the larger the storage space, the higher the price. This is because you will be able to fit a lot more inside a large self storage box. 

But what if you are on a budget and don’t have many belongings to put away? In this case, opting for a smaller locker or storage room could be a wiser – and more pocket-friendly – choice.

If you are looking to use a shipping container as your very own storage unit, bear in mind that shipping containers come in various dimensions. With 10ft, 20ft, and even 40ft options on the market, you will no doubt find the perfect size for your needs. Multistores are also another great option to consider, they create smaller, more affordable units for those that don’t require a lot of space.

Location

The location of your self storage unit can influence its overall price tag as well. 

Generally, as opposed to less populated areas, self storage units located in city centres or high-demand zones are often on the more expensive side. 

So, if you operate within a vibrant town or city, you might have to splash out a few more pounds each month.

Monthly vs long-term rentals 

How long you rent your self storage space for will determine how much you spend on the whole, too.

While each self storage business will have their own special promotions, you can usually expect to save money month-on-month by opting for long-term rental solutions. But that’s not necessarily the case if you only need a temporary spot to store your equipment.

Monthly and weekly rentals can be a great opportunity if you require storage room for a short amount of time. This way, you won’t have to commit to a long-term agreement, meaning you won’t end up spending cash on a service you don’t need.  

Additional Self Storage Costs to Consider 

On top of size, type, location, and monthly or long-term agreements, there are other factors and add-ons that can increase the overall price of your self storage solution.

For example, some additional costs to bear in mind include:

• Security deposit – Some self storage facilities may ask you to put down a security deposit at the start of your rental. But don’t worry – if you leave everything in good condition, you should be able to get your money back when freeing up the unit.
• Insurance – If you want more peace of mind, especially if you are storing expensive equipment, you can take out content insurance to protect your belongings from unfortunate events. This will obviously come at an extra cost.
• Extras – Additional features such as enhanced security systems, or 24/7 access might have an impact on your self storage cost. While these extras are likely to increase the overall price, they provide added protection and convenience, which might be essential if you are storing specialist items or equipment.

Looking for prices on self storage units? We make it easy for you to find the ideal shipping container self storage facility here at Cleveland Containers. Simply head across to our Self Storage Finder page and save both time and energy on your search.