Colorado Springs 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. 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 $108/month, a decrease of 4.4% 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.

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 $42, while a 5x10 unit would cost $59/month. Average street rates for a 10x20 unit stand at $165/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 $42
5x10 $59
10x10 $108
10x15 $136
10x20 $165
10x30 $227
Climate-Controlled Units*
Unit Size Avg. Street Rate
5x5 $48
5x10 $72
10x10 $124
10x15 $159
10x20 $215
10x30 $295

* Average monthly rates for Colorado Springs in October 2023.

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 Pleasant Valley, where the standard self storage unit goes for $100/mo. on average, in Banning Lewis Ranch, where renters pay $101/mo. on average, and in Eastborough, where the average street rates hover around $106/mo.

If you’re looking for other great deals, check out self storage listings, and their average street rates, in Pikes Peak Park ($108) and Briargate ($109).

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 $289, followed by Skyway.

Cheapest Neighborhoods for Self Storage
# Neighborhood Average Street Rate
1 Pleasant Valley $100
2 Banning Lewis Ranch $101
3 Eastborough $106
4 Pikes Peak Park $108
5 Briargate $109
6 Spring Creek $116
7 Cragmoor $116
8 Old Farm $117
9 Wagon Trails $123
10 Rustic Hills $127
Most Expensive Neighborhoods for Self Storage
# Neighborhood Average Street Rate
1 Kissing Camels $289
2 Skyway $271
3 Flying Horse Ranch $261
4 Ivywild $234
5 Trailridge $224
6 Gateway Park $221
7 Pinecliff $175
8 Wolf Ranch $173
9 Village Seven $164
10 Pulpit Rock $152

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 $152
2 Littleton, CO $123
3 Parker, CO $115
4 Centennial, CO $108
5 Colorado Springs, CO $108
6 Manitou Springs, CO $100
7 Fountain, CO $95
8 Lone Tree, CO $89

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

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 $252
2 Las Vegas, NV $120
3 Phoenix, AZ $119
4 Austin, TX $115
5 Dallas, TX $111
6 Tucson, AZ $111
7 San Antonio, TX $109
8 Colorado Springs, CO $108
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 Colorado Springs, CO

Colorado Springs self storage market statistics

No. of self storage units approx. 4,961
No. of self storage facilities 124
Local self storage inventory (sq. ft.) 6,582,073
Self storage sq. ft. per capita 10.8
New self storage facilities set for delivery in 2023 3
New self storage supply set for delivery in 2023 (sq. ft.) 131,671
Average self storage rent in Colorado Springs for a standard 10x10 unit $108

Colorado Springs self storage construction trends

The self storage sector has maintained an active development pipeline in recent years. In 2022 alone, about 65,813 square feet of self storage space came online in Colorado Springs, representing 1% of the existing inventory. Compared to the year before, self storage inventory in Colorado Springs has increased by 1%.

Currently, there are 124 self storage facilities and approx. 4,961 storage units in Colorado Springs. The local inventory encompasses 6,582,073 square feet of storage space, offering 10.8 square feet per capita.

A total of 131,671 square feet of self storage space is projected for completion in 2023, an increase of 100.1% compared to last year.

What’s driving demand for self storage?

Quick overview of the Colorado Springs housing market

Total no. of households 188,699
Y-o-y change in no. of households 4%
Renter households in Colorado Springs 73,678
Homeowner households in Colorado Springs 115,021
Households with mortgages in Colorado Springs 83,073
Median number of rooms (all housing units) 5.9
Average apartment size (sq. ft.) 859
Average home size (sq. ft.) 1,565
Average apartment rent $1,576
Median home value $327,100
Working from home (% of total working population) 10.8%

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 73,678 renters and 115,021 homeowners. The average apartment size in Colorado Springs is 859 sq. ft. and the average Colorado Springs home size is 1,565 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 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.