Colorado Springs Self Storage Market Statistics:

Rent Prices, Local Inventory and Development Trends (April 2022)

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. Colorado Springs offers plenty of self storage options to cater to all needs and budgets.

How much does a storage unit cost in Colorado Springs, CO?

Currently, the average cost of a 10x10 storage unit in Colorado Springs is $114/month, an increase of 1.8% compared to last year. Nationally, self storage street rates for 10×10 non-climate-controlled units saw a 4.8% year-over-year increase, registering an average of $130 in April, 2022.

Colorado Springs self storage prices by unit size

Besides the standard 10x10 unit, the Colorado Springs 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 Colorado Springs rents for $44, while a 5x10 unit would cost $65/month. Average street rates for a 10x20 unit stand at $171/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 $44
5x10 $65
10x10 $114
10x15 $140
10x20 $171
10x30 $235
Climate-Controlled Units*
Unit Size Avg. Street Rate
5x5 $51
5x10 $78
10x10 $128
10x15 $170
10x20 $230
10x30 $337

* Average monthly rates for Colorado Springs in April 2022.

Average storage unit cost in Colorado Springs 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 Colorado Springs storage units in Banning Lewis Ranch, where the standard self storage unit goes for $101/mo. on average, in Briargate, where renters pay $103/mo. on average, and in Pleasant Valley, where the average street rates hover around $104/mo.

If you’re looking for other great deals, check out self storage listings, and their average street rates, in Spring Creek and Eastborough ($111) and Cragmoor ($119).

Other neighborhoods, on the other hand, come with higher street rates. The most expensive neighborhood in Colorado Springs is Kissing Camels with a monthly average street rate of $292, followed by Flying Horse Ranch.

Cheapest Neighborhoods for Self Storage
# Neighborhood Average Street Rate
1 Banning Lewis Ranch $101
2 Briargate $103
3 Pleasant Valley $104
4 Spring Creek $111
5 Eastborough $111
6 Cragmoor $119
7 Wagon Trails $121
8 Rustic Hills $128
9 Pikes Peak Park $129
10 Old Farm $129
Most Expensive Neighborhoods for Self Storage
# Neighborhood Average Street Rate
1 Kissing Camels $292
2 Flying Horse Ranch $285
3 Ivywild $234
4 Trailridge $224
5 Skyway $197
6 Pinecliff $186
7 Wolf Ranch $185
8 Village Seven $160
9 Pulpit Rock $158
10 Oak Valley Hills $151

Compare average storage prices in Colorado Springs neighborhoods

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

How Colorado Springs, CO, Self Storage Compares With Other Cities

How self storage costs in Colorado Springs compare to prices in other nearby cities

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

# City Average Street Rate
1 Castle Rock, CO $163
2 Littleton, CO $130
3 Parker, CO $129
4 Fountain, CO $127
5 Centennial, CO $117
6 Manitou Springs, CO $114
7 Colorado Springs, CO $114
8 Lone Tree, CO $95

Average street rates for non-climate-controlled 10x10 units for April 2022.

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

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

# City Average Street Rate
1 New York City, NY $253
2 Las Vegas, NV $130
3 Phoenix, AZ $129
4 Austin, TX $121
5 Tucson, AZ $119
6 Dallas, TX $117
7 Colorado Springs, CO $114
8 San Antonio, TX $112
9 Houston, TX $98
10 Indianapolis, IN $90

Average street rates for non-climate-controlled 10x10 units for April 2022.

Self storage market size in Colorado Springs, CO

Colorado Springs self storage market statistics

No. of self storage units approx. 4,319
No. of self storage facilities 121
Local self storage inventory (sq. ft.) 6,199,017
Self storage sq. ft. per capita 10.6
New self storage facilities set for delivery in 2022 4
New self storage supply set for delivery in 2022 (sq. ft.) 233,576
Average self storage rent in Colorado Springs for a standard 10x10 unit $114

Colorado Springs self storage construction trends

The self storage sector has maintained an active development pipeline in recent years. In 2021 alone, about 213,626 square feet of self storage space came online in Colorado Springs, representing 3.5% of the existing inventory. Compared to the year before, self storage inventory in Colorado Springs has increased by 3.6%.

Currently, there are 121 self storage facilities and approx. 4,319 storage units in Colorado Springs. The local inventory encompasses 6,199,017 square feet of storage space, offering 10.6 square feet per capita.

A total of 233,576 square feet of self storage space is projected for completion in 2022, an increase of 9.3% compared to last year.

What’s driving demand for self storage?

Quick overview of the Colorado Springs housing market

Total no. of households 181,478
Y-o-y change in no. of households 1.6%
Renter households in Colorado Springs 74,320
Homeowner households in Colorado Springs 107,158
Households with mortgages in Colorado Springs 77,943
Median number of rooms (all housing units) 5.9
Average apartment size (sq. ft.) 849
Average home size (sq. ft.) 1,553
Average apartment rent $1,499
Median home value $272,800
Working from home (# of total working population) 6.3%

Self storage for residential clients: key facts and figures about the Colorado Springs 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 Colorado Springs 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.

Colorado Springs is home to 74,320 renters and 107,158 homeowners. The average apartment size in Colorado Springs is 849 sq. ft. and the average Colorado Springs home size is 1,553 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 Colorado Springs 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 Colorado Springs 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 more than 25,000 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 29,000 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 2019 American Community Survey.