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How Much Does It Cost to Rent a Storage Unit?

Moor Room Marketing

Storage costs in Melbourne range from $100 to $300 per month. Pricing is primarily determined by size and availability. Prices rise when there aren’t many available units and larger units cost more. When you order online, the best storage companies are about 20% less expensive. Let us look at how much it costs to rent a storage unit and what affects its costs.

Storage unit prices vary depending on factors such as size, features, and availability. You can also save money by comparing prices from various businesses. Not to mention taxes, fees, and insurance which will set you back about $50 and are not included in your quote. ​

Storage Unit Size

Large storage units are more expensive than smaller units. Most self-storage companies categorise their units into three basic sizes which are small, medium, and large, but each category may include slightly different options. For example, if you search for a small storage unit, you may get results for 5 x 5 feet, 5 x 10 feet, or anything in between.

Storage Unit Features

Climate control is the most expensive storage unit feature. A climate-controlled unit monitors temperature and humidity levels to keep your belongings safe. A climate-controlled storage unit, for example, protects artwork, wood furniture, and photographs better than traditional storage. According to most storage unit companies, climate control costs anywhere from 20% to 50% more than a traditional storage unit. However, this is rarely the case. We compared over 2,500 quotes and discovered that climate control costs about $10 less than a standard storage unit.

Storage Unit Availability

Storage unit prices vary according to availability. Prices are lower when there are many available units. A self-storage facility with 100 empty units is typically less expensive than one with nearly full units. We’d love to break down the cheapest locations for you, but prices on Monday may differ significantly from those on Tuesday. There is no such thing as an average storage price that applies from one day to the next. We recommend that you choose three or four nearby businesses and compare their prices every day for a couple of weeks. You’ll probably find a unit on sale and save some money. ​

Taxes and Fees

Taxes and fees are not included in storage unit quotes. And the expenses mount. In addition to paying your state sales tax, you usually have to pay a one-time administration fee of around $25. That means the average storage unit quote is approximately $40 higher than what you see on the screen. ​

Storage Unit Insurance

Storage unit insurance rates start around $10 per month but can rise if you want more coverage. This is significant because insurance is usually not optional: you must have it in order to rent a storage unit. ​

Final Thoughts

The best storage unit companies provide a balance of low prices and high quality. Determine what is important to you and select the company that best meets your requirements. Always look around. One-day sales can frequently save you hundreds of dollars. If you compare companies, you can even get premium services like climate control for less than standard storage units.

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