There are several reasons why you might need to rent a storage facility. From storing extra furniture or office equipment to parking a classic car or RV, people rent storage units for various items and needs. One of the biggest considerations for people renting these storage units is usually the monthly fee. Based on the size, location, demand, and amenities at the facility, renters could pay a wide variety of prices even in the same market. Across Indianapolis, storage facilities are offered in numerous sizes for various monthly fees.
Nationwide, the average price for storage units ranges from $90 to $450 per month. The COVID-19 pandemic and associated response have created an increased demand for storage space, and 2020 saw a slight rise in prices. Before the pandemic, however, self-storage development provided an abundance of supply in Indianapolis and other markets. This has caused prices and availability to be more stable in recent years. Today, the cost of renting a storage unit is heavily dependent on the size and type of unit.
If you are looking for extra space for your belongings, consider a few things when looking at monthly fees. Finding Indianapolis storage options and rates will depend on your needs. Let’s look at some of the factors that will impact the cost of renting a storage unit in Indianapolis.
Storage prices are dependent on unit size.
As discussed, the price of storage units is heavily dependent on the amount of space you need. Typically larger units are more expensive than smaller spaces. Local demand and availability for certain sizes can also impact the monthly costs. In general, storage units range from small 5-foot by 5-foot units to large 10-foot by 30-foot spaces. Smaller units are good for holding chairs, mattresses, boxes, and other miscellaneous items. Larger units can accommodate more items and even hold the furniture from entire three or four-bedroom houses.
When picking out a storage unit, you should consider your needs carefully before deciding on a unit. You want to ensure that you get a space large enough for your needs. However, you don’t want to overpay for space that you don’t need. You can consult with storage unit size guides and speak to the staff at the facility to help you determine how much space you need.
Climate control and indoor units are more expensive.
Indoor units that are climate-controlled offer better protection for your items that might be sensitive to weather and temperature changes. The units offer regulated air temperatures and humidity levels year-round. Because of the additional cost of building and maintaining these spaces, storage facilities will typically charge a premium rate to rent these types of units. Outdoor units usually don’t offer climate control, so they are usually cheaper to rent. If your items aren’t susceptible to temperature changes, you can save some money by opting for an outdoor unit.
Seasonality impacts rates at different times.
As with other items, storage unit prices may vary with demand at different times of the year. You can usually expect to pay more for a unit between the months of May and September. During these months, Americans move to new homes, complete renovation projects, and clean out their houses. As a result, the demand for storage units usually increases during the warmer months, and prices tend to follow. Renting a storage unit during the off-season can help you save money.
The recent rise in popularity of self-storage units has created a high demand across many parts of the country, including Indianapolis. If you are interested in a storage unit, you should try to reserve a location as soon as possible. Factors such as size, unit type, location, and demand will all influence the amount you will pay monthly. Shopping around for rates and different unit sizes will help you find the best space for your needs.