San Francisco Self Storage Market Statistics:

Rent Prices, Local Inventory and Development Trends (June 2024)

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. San Francisco offers plenty of self storage options to cater to all needs and budgets.

How much does a storage unit cost in San Francisco, CA?

Currently, the average cost of a 10x10 storage unit in San Francisco is $277/month, an increase of 1.1% compared to last year. Nationally, self storage street rates for 10×10 non-climate-controlled units saw a 5.5% year-over-year decrease, registering an average of $121 in June, 2024.

San Francisco self storage prices by unit size

Besides the standard 10x10 unit, the San Francisco 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 San Francisco rents for $110, while a 5x10 unit would cost $166/month. Average street rates for a 10x20 unit stand at $498/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 $110
5x10 $166
10x10 $277
10x15 $381
10x20 $498
10x30 $638
Climate-Controlled Units*
Unit Size Avg. Street Rate
5x5 $112
5x10 $174
10x10 $261
10x15 $368
10x20 $473
10x30 $601

* Average monthly rates for San Francisco in June 2024.

Average storage unit cost in San Francisco 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 San Francisco storage units in Ingleside Heights, where the standard self storage unit goes for $192/mo. on average, in Hayes Valley, where renters pay $203/mo. on average, and in Inner Mission, where the average street rates hover around $213/mo.

If you’re looking for other great deals, check out self storage listings, and their average street rates, in Central Waterfront - Dogpatch ($217) and Potrero Hill ($220).

Other neighborhoods, on the other hand, come with higher street rates. The most expensive neighborhood in San Francisco is Hunters Point with a monthly average street rate of $402, followed by Bayview.

Cheapest Neighborhoods for Self Storage
# Neighborhood Average Street Rate
1 Ingleside Heights $192
2 Hayes Valley $203
3 Inner Mission $213
Most Expensive Neighborhoods for Self Storage
# Neighborhood Average Street Rate
1 Hunters Point $402
2 Bayview $325
3 Treasure Island $323

Compare average storage prices in San Francisco 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.
San Francisco avg. rent
Neighborhood #1
Neighborhood #2

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

How San Francisco, CA, Self Storage Compares With Other Cities

How self storage costs in San Francisco compare to prices in other nearby cities

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

# City Average Street Rate
1 Mill Valley, CA $369
2 Berkeley, CA $283
3 San Francisco, CA $277
4 Emeryville, CA $276
5 Daly City, CA $269
6 South San Francisco, CA $251
7 Alameda, CA $232
8 Pacifica, CA $230
9 Richmond, CA $206
10 Oakland, CA $195

Average street rates for non-climate-controlled 10x10 units for June 2024.

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

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

# City Average Street Rate
1 San Francisco, CA $277
2 New York City, NY $251
3 Phoenix, AZ $116
4 Las Vegas, NV $115
5 Austin, TX $113
6 Dallas, TX $112
7 Tucson, AZ $110
8 San Antonio, TX $103
9 Houston, TX $93
10 Indianapolis, IN $82

Average street rates for non-climate-controlled 10x10 units for June 2024.

Self storage market size in San Francisco, CA

San Francisco self storage market statistics

No. of self storage units approx. 4,110
No. of self storage facilities 29
Local self storage inventory (sq. ft.) 2,210,592
Self storage sq. ft. per capita 2.1
Average self storage rent in San Francisco for a standard 10x10 unit $277

San Francisco self storage construction trends

The self storage sector has maintained an active development pipeline in recent years.

Currently, there are 29 self storage facilities and approx. 4,110 storage units in San Francisco. The local inventory encompasses 2,210,592 square feet of storage space, offering 2.1 square feet per capita.

What’s driving demand for self storage?

Quick overview of the San Francisco housing market

Total no. of households 361,222
Y-o-y change in no. of households -0.3%
Renter households in San Francisco 223,174
Homeowner households in San Francisco 138,048
Households with mortgages in San Francisco 89,300
Median number of rooms (all housing units) 4.0
Average apartment size (sq. ft.) 739
Average home size (sq. ft.) 1,344
Average apartment rent $3,287
Median home value $1,233,900
Working from home (% of total working population) 12.6%

Self storage for residential clients: key facts and figures about the San Francisco 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 San Francisco 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.

San Francisco is home to 223,174 renters and 138,048 homeowners. The average apartment size in San Francisco is 739 sq. ft. and the average San Francisco home size is 1,344 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 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 29,000 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.