New Orleans Self Storage Market Statistics:
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. New Orleans offers plenty of self storage options to cater to all needs and budgets.
How much does a storage unit cost in New Orleans, LA?
Currently, the average cost of a 10x10 storage unit in New Orleans is $121/month, an increase of 1.7% compared to last year. Nationally, self storage street rates for 10×10 non-climate-controlled units saw a 4% year-over-year decrease, registering an average of $119 in November, 2024.
New Orleans self storage prices by unit size
Besides the standard 10x10 unit, the New Orleans 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 New Orleans rents for $55, while a 5x10 unit would cost $74/month. Average street rates for a 10x20 unit stand at $214/month. Non-climate-controlled units typically come with lower price tags than their climate-controlled counterparts of the same size.
| Unit Size | Avg. Street Rate |
|---|---|
| 5x5 | $55 |
| 5x10 | $74 |
| 10x10 | $121 |
| 10x15 | $165 |
| 10x20 | $214 |
| 10x30 | $293 |
| Unit Size | Avg. Street Rate |
|---|---|
| 5x5 | $50 |
| 5x10 | $78 |
| 10x10 | $133 |
| 10x15 | $179 |
| 10x20 | $247 |
| 10x30 | $345 |
* Average monthly rates for New Orleans in November 2024.
Average storage unit cost in New Orleans 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 New Orleans storage units in Little Woods, where the standard self storage unit goes for $106/mo. on average, in Viavant - Venetian Isles, where renters pay $119/mo. on average, and in Pines Village, where the average street rates hover around $125/mo.
If you’re looking for other great deals, check out self storage listings, and their average street rates, in Central City New Orleans ($126) and Behrman ($144).
Other neighborhoods, on the other hand, come with higher street rates. The most expensive neighborhood in New Orleans is Lower Garden with a monthly average street rate of $241, followed by Riverside.
| # | Neighborhood | Average Street Rate |
|---|---|---|
| 1 | Little Woods | $106 |
| 2 | Viavant - Venetian Isles | $119 |
| 3 | Pines Village | $125 |
| # | Neighborhood | Average Street Rate |
|---|---|---|
| 1 | Lower Garden | $241 |
| 2 | Riverside | $219 |
| 3 | Mid-City New Orleans | $177 |
Compare average storage prices in New Orleans neighborhoods
Want to find the best self storage deals? Browse listings in your preferred New Orleans neighborhoods and New Orleans Zip Codes for more details on what’s available and compare rent prices, unit sizes and amenities.
How New Orleans, LA, Self Storage Compares With Other Cities
How self storage costs in New Orleans compare to prices in other nearby cities
Check out the table below to see how self storage in New Orleans compares rent-wise to other places within a 50-mile radius.
| # | City | Average Street Rate |
|---|---|---|
| 1 | Chalmette, LA | $133 |
| 2 | Mandeville, LA | $131 |
| 3 | Harahan, LA | $125 |
| 4 | New Orleans, LA | $121 |
| 5 | Kenner, LA | $113 |
| 6 | Luling, LA | $107 |
| 7 | Slidell, LA | $103 |
| 8 | Arabi, LA | $101 |
| 9 | Gretna, LA | $93 |
| 10 | Belle Chasse, LA | $92 |
Average street rates for non-climate-controlled 10x10 units for November 2024.
How self storage costs in New Orleans compare to rates in other sought-after cities in the US
Check out the table below to see how self storage rent in New Orleans compares to other popular cities in the US.
| # | City | Average Street Rate |
|---|---|---|
| 1 | New York City, NY | $252 |
| 2 | New Orleans, LA | $121 |
| 3 | Las Vegas, NV | $117 |
| 4 | Phoenix, AZ | $117 |
| 5 | Jacksonville, FL | $115 |
| 6 | Austin, TX | $113 |
| 7 | Dallas, TX | $107 |
| 8 | San Antonio, TX | $102 |
| 9 | Houston, TX | $99 |
| 10 | Oklahoma City, OK | $75 |
Average street rates for non-climate-controlled 10x10 units for November 2024.
Self storage market size in New Orleans, LA
New Orleans self storage market statistics
| No. of self storage units | approx. 2,744 |
| No. of self storage facilities | 35 |
| Local self storage inventory (sq. ft.) | 2,510,285 |
| Self storage sq. ft. per capita | 4.6 |
| Average self storage rent in New Orleans for a standard 10x10 unit | $121 |
New Orleans self storage construction trends
The self storage sector has maintained an active development pipeline in recent years. In 2023 alone, about 85,707 square feet of self storage space came online in New Orleans, representing 3.4% of the existing inventory. Compared to the year before, self storage inventory in New Orleans has increased by 3.5%.
Currently, there are 35 self storage facilities and approx. 2,744 storage units in New Orleans. The local inventory encompasses 2,510,285 square feet of storage space, offering 4.6 square feet per capita.
What’s driving demand for self storage?
Quick overview of the New Orleans housing market
| Total no. of households | 156,586 |
| Y-o-y change in no. of households | 1.8% |
| Renter households in New Orleans | 81,358 |
| Homeowner households in New Orleans | 75,228 |
| Households with mortgages in New Orleans | 41,163 |
| Median number of rooms (all housing units) | 5.0 |
| Average apartment size (sq. ft.) | 894 |
| Average home size (sq. ft.) | N/A |
| Average apartment rent | $1,406 |
| Median home value | $283,300 |
| Working from home (% of total working population) | 7.7% |
Self storage for residential clients: key facts and figures about the New Orleans 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 New Orleans 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.
New Orleans is home to 81,358 renters and 75,228 homeowners. The average apartment size in New Orleans is 894 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 more than 30,000 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 40,000 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.