Storage Units: The Ultimate Guide To Buying and Renting Storage Units

Published on 12/5/2022

When you’re in need of some extra storage space, renting a storage unit is an ideal solution. Self-storage units come in many shapes and sizes, so you’re sure to find one that fits your needs. If you’re interested in renting a storage unit, this article is for you. We go through everything you need to know about renting or buying a storage unit including cost, size options, pros and cons, locations and much more!



What is a Storage Unit?

A storage unit is a self-contained space in a facility where people can store their belongings. There are many reasons to rent a storage unit, including waiting to sell a house, moving, cleaning out a house or office, and renovating a home. You can also store items like extra furniture, holiday decorations, sports equipment and seasonal clothing. Storage units are indoors and climate controlled, which helps keep your items safe. There are both private and public self-storage facilities. Private units are controlled by the owner of the facility, whereas public facilities are controlled by the local government.


How Much Does It Cost to Rent a Storage Unit?

Renting a storage unit is not cheap, so make sure you’re prepared to spend some money on this service. Storage unit rental costs vary widely based on location and the size of the unit you rent. Average monthly storage unit rental costs range from $25 to $500 or more depending on the size of the unit and where you are located. Larger and more expensive units are more likely to be located at a commercial facility, while smaller units are more likely to be at a residence.


Storage Unit Sizes

The size of your storage unit determines how much stuff you can fit in it and how much you’ll pay each month. If you’re not sure what size unit you need, here’s a guide on how to choose a self-storage unit size. If you’re just storing a few boxes, a smaller unit will do the trick. If you live alone and are storing a car, a small unit should work just fine. If you have kids, you’ll probably need a bit more space. If you have a lot of stuff, you’ll need a larger unit.


Where to Find Storage Units for Rent

You can find self-storage units for rent at commercial facilities, or you can find them at a residence. Residential units are often cheaper, but they’re not as secure and don’t have the same amenities as commercial facilities. You can also find storage units for rent online on websites like Craigslist, and more. You can browse listings and contact nearby owners directly.


Pros and Cons of Renting a Storage Unit

The positives of renting a storage unit include the ability to store items for as long as you need to without worrying about homeownership. Additionally, renting a storage unit gives you the flexibility to move at any time without having to worry about selling your stuff. Finally, renting a storage unit is less expensive than buying a home. The negatives of renting a storage unit include the amount of time it takes to find a suitable unit, the cost of renting a unit and the lack of control over your items. You may need to wait a long time before you find a unit you like and can move into, and you’ll have to pay a monthly fee.


Tips When Renting a Self-Storage Unit

Before you sign the dotted line on a storage unit rental, there are a few things you should do to make sure you get the best deal possible. Know what you’ll use the unit for - Make sure you know what you’ll store in the unit so you can choose a unit size that meets your needs. Compare different facilities - Visit nearby facilities to find the best deal. Ask about specials and promotions - Some facilities offer specials like first month free or a free moving truck. Ask about insurance - Ask about any insurance coverage the facility offers.


Final Words: Is it better to buy or rent a storage unit?

Ultimately, the decision on whether to buy or rent a storage unit comes down to personal preference and budget. If you want more control over your items, then you might want to consider buying a storage unit. Otherwise, you might want to consider renting a storage unit instead. If you’re not sure if you should buy or rent a storage unit, use this guide to help you decide which route is right for you.