New Orleans 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. 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 $122/month, a decrease of 10.3% 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.

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 $58, while a 5x10 unit would cost $75/month. Average street rates for a 10x20 unit stand at $220/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 $58
5x10 $75
10x10 $122
10x15 $178
10x20 $220
10x30 $302
Climate-Controlled Units*
Unit Size Avg. Street Rate
5x5 $50
5x10 $80
10x10 $129
10x15 $181
10x20 $234
10x30 $353

* Average monthly rates for New Orleans in October 2023.

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 $123/mo. on average, in Pines Village, where renters pay $126/mo. on average, and in Gentilly Woods, where the average street rates hover around $139/mo.

If you’re looking for other great deals, check out self storage listings, and their average street rates, in Central City New Orleans and Tall Timbers - Brechtel ($153) and Behrman and Gert Town ($155).

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 $285, followed by Riverside.

Cheapest Neighborhoods for Self Storage
# Neighborhood Average Street Rate
1 Little Woods $123
2 Pines Village $126
3 Gentilly Woods $139
Most Expensive Neighborhoods for Self Storage
# Neighborhood Average Street Rate
1 Lower Garden $285
2 Riverside $221
3 Mid-City New Orleans $202

Compare average storage prices in New Orleans 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.
New Orleans avg. rent
Neighborhood #1
Neighborhood #2

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 Mandeville, LA $132
2 Madisonville, LA $132
3 Kenner, LA $122
4 New Orleans, LA $122
5 Slidell, LA $113
6 Belle Chasse, LA $92
7 Arabi, LA $90
8 Gretna, LA $90
9 Harahan, LA $86
10 Pearl River, LA $81

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

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 $122
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 New Orleans, LA

New Orleans self storage market statistics

No. of self storage units approx. 2,232
No. of self storage facilities 34
Local self storage inventory (sq. ft.) 3,069,151
Self storage sq. ft. per capita 5.6
Average self storage rent in New Orleans for a standard 10x10 unit $122

New Orleans self storage construction trends

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

Currently, there are 34 self storage facilities and approx. 2,232 storage units in New Orleans. The local inventory encompasses 3,069,151 square feet of storage space, offering 5.6 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.) 896
Average home size (sq. ft.) N/A
Average apartment rent $1,357
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 896 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 New Orleans 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 New Orleans 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.