Phoenix Self Storage Market Statistics:

Rent Prices, Local Inventory and Development Trends (October 2023)

Self storage has become crucial for navigating major life events. It can be particularly useful for events such as moving, downsizing and when changes in household composition occur, as well as when engaging in home remodeling projects and organizational endeavors. Phoenix offers plenty of self storage options to cater to all needs and budgets.

How much does a storage unit cost in Phoenix, AZ?

Currently, the average cost of a 10x10 storage unit in Phoenix is $119/month, a decrease of 6.3% compared to last year. Nationally, self storage street rates for 10×10 non-climate-controlled units saw a 4.6% year-over-year decrease, registering an average of $124 in October, 2023.

Phoenix self storage prices by unit size

Besides the standard 10x10 unit, the Phoenix self storage market includes several other types of units that can vary in terms of size and amenities, and naturally, price.

For instance, a 5x5 self storage unit in Phoenix rents for $45, while a 5x10 unit would cost $67/month. Average street rates for a 10x20 unit stand at $183/month. Non-climate-controlled units typically come with lower price tags than their climate-controlled counterparts of the same size.

Non-Climate-Controlled Units*
Unit Size Avg. Street Rate
5x5 $45
5x10 $67
10x10 $119
10x15 $155
10x20 $183
10x30 $264
Climate-Controlled Units*
Unit Size Avg. Street Rate
5x5 $51
5x10 $78
10x10 $133
10x15 $180
10x20 $228
10x30 $366

* Average monthly rates for Phoenix in October 2023.

Average storage unit cost in Phoenix by neighborhood

Self storage prices can vary depending on location as some neighborhoods might offer more budget-friendly self storage rates than others.

You can find cheap Phoenix storage units in Alhambra, where the standard self storage unit goes for $118/mo. on average, in Estrella Village, where renters pay $128/mo. on average, and in East Phoenix, where the average street rates hover around $136/mo.

If you’re looking for other great deals, check out self storage listings, and their average street rates, in Maryvale ($138) and Central City ($139).

Other neighborhoods, on the other hand, come with higher street rates. The most expensive neighborhood in Phoenix is Valley Vista with a monthly average street rate of $245, followed by Ahwatukee Foothills.

Cheapest Neighborhoods for Self Storage
# Neighborhood Average Street Rate
1 Alhambra $118
2 Estrella Village $128
3 East Phoenix $136
Most Expensive Neighborhoods for Self Storage
# Neighborhood Average Street Rate
1 Valley Vista $245
2 Ahwatukee Foothills $207
3 South Mountain Highland Terrace $168

Compare average storage prices in Phoenix neighborhoods

Neighborhood prices
Whether you'd prefer a storage unit near your home, your office or somewhere else in the city, you can compare two of your preferred neighborhoods by selecting them on the left.
Phoenix avg. rent
Neighborhood #1
Neighborhood #2

Want to find the best self storage deals? Browse listings in your preferred Phoenix neighborhoods and Phoenix Zip Codes for more details on what’s available and compare rent prices, unit sizes and amenities.

How Phoenix, AZ, Self Storage Compares With Other Cities

How self storage costs in Phoenix compare to prices in other nearby cities

Check out the table below to see how self storage in Phoenix compares rent-wise to other places within a 50-mile radius.

# City Average Street Rate
1 Scottsdale, AZ $162
2 Tolleson, AZ $126
3 Avondale, AZ $121
4 Phoenix, AZ $119
5 Peoria, AZ $118
6 Tempe, AZ $112
7 Glendale, AZ $107
8 Surprise, AZ $102
9 Sun City, AZ $101
10 El Mirage, AZ $100

Average street rates for non-climate-controlled 10x10 units for October 2023.

How self storage costs in Phoenix compare to rates in other sought-after cities in the US

Check out the table below to see how self storage rent in Phoenix compares to other popular cities in the US.

# City Average Street Rate
1 New York City, NY $252
2 Chicago, IL $132
3 Las Vegas, NV $120
4 Phoenix, AZ $119
5 Austin, TX $115
6 Dallas, TX $111
7 Tucson, AZ $111
8 San Antonio, TX $109
9 Houston, TX $94
10 Indianapolis, IN $84

Average street rates for non-climate-controlled 10x10 units for October 2023.

Self storage market size in Phoenix, AZ

Phoenix self storage market statistics

No. of self storage units approx. 13,293
No. of self storage facilities 162
Local self storage inventory (sq. ft.) 10,864,525
Self storage sq. ft. per capita 5.1
New self storage facilities set for delivery in 2023 3
New self storage supply set for delivery in 2023 (sq. ft.) 238,573
Average self storage rent in Phoenix for a standard 10x10 unit $119

Phoenix self storage construction trends

The self storage sector has maintained an active development pipeline in recent years. In 2022 alone, about 437,812 square feet of self storage space came online in Phoenix, representing 4% of the existing inventory. Compared to the year before, self storage inventory in Phoenix has increased by 4.3%.

Currently, there are 162 self storage facilities and approx. 13,293 storage units in Phoenix. The local inventory encompasses 10,864,525 square feet of storage space, offering 5.1 square feet per capita.

A total of 238,573 square feet of self storage space is projected for completion in 2023, a decrease of 45.5% compared to last year.

What’s driving demand for self storage?

Quick overview of the Phoenix housing market

Total no. of households 579,876
Y-o-y change in no. of households 2.5%
Renter households in Phoenix 254,818
Homeowner households in Phoenix 325,058
Households with mortgages in Phoenix 227,496
Median number of rooms (all housing units) 5.2
Average apartment size (sq. ft.) 806
Average home size (sq. ft.) 1,581
Average apartment rent $1,558
Median home value $288,200
Working from home (% of total working population) 10.1%

Self storage for residential clients: key facts and figures about the Phoenix housing market

Generally associated with life events, the self storage industry is equipped to respond to people with changing housing situations, whether that means moving, downsizing, welcoming a new baby, or embracing multi-generational living. Lifestyle choices are also a demand driver for self storage, including preferences for snowbirding, digital nomading and RV travelling.

Looking at the type of residential customers that the Phoenix self storage sector serves, it caters to both renters and homeowners, acting as extensions of their homes when living spaces are not big enough for the things people own.

Phoenix is home to 254,818 renters and 325,058 homeowners. The average apartment size in Phoenix is 806 sq. ft. and the average Phoenix home size is 1,581 sq. ft.

Self storage for business

Alongside the residential sector, self storage responds to needs arising from conducting business. Entrepreneurs and small business owners, including brick-and-mortar retailers, can turn to self storage to store their merchandise all while keeping it accessible.

Legal and medical professionals often turn to self storage as they are generally required to keep hard copies of their records. Realtors and interior designers also find self storage particularly useful for temporarily storing staging furniture. Moreover, blue collar businesses can benefit from storing their heavy equipment and supplies close to their work site.

Self storage interest: How customers search for Phoenix self storage

Interest for self storage has been growing over the last decade, as Google Trends data shows. We’ve looked at the most popular keyword used in conjunction with Phoenix self storage-related searches, "self storage", to see the latest trends in consumer search habits. June, July and August are generally the most popular months for self storage searches.

Data Source:  Google Trends

Self storage market trends in cities

Where does our data come from?

All data related to self storage was compiled by StorageCafe, an online self storage search portal featuring nearly 27,000 listings across the U.S.

The self storage rental statistics on this page were sourced from our sister company, Yardi Matrix, the industry's most comprehensive market intelligence tool for investment professionals, equity investors, lenders and property managers who underwrite and manage investments in the multifamily, student housing, self storage, office and industrial sectors. Yardi Matrix maintains operational profiles for over 30,000 self storage facilities across the U.S.

Average home size data is from PropertyShark, while demographic data is from the latest U.S. Census Bureau release, the 2020 American Community Survey.