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Baltimore City Self Storage Market Statistics:

Rent Prices, Local Inventory and Development Trends (October 2021)

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. Baltimore City offers plenty of self storage options to cater to all needs and budgets.

How much does a storage unit cost in Baltimore City, MD?

Currently, the average cost of a 10x10 storage unit in Baltimore City is $127/month, a change of 5% compared to last year. Nationally, self storage street rates for 10×10 non-climate-controlled units saw a 8.5% year-over-year change, registering an average of $128 in October, 2021.

Baltimore City self storage prices by unit size

Besides the standard 10x10 unit, the Baltimore City 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 Baltimore City rents for $48, while a 5x10 unit would cost $74/month. Average street rates for a 10x20 unit stand at $219/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 $48
5x10 $74
10x10 $127
10x15 $166
10x20 $219
10x30 $290
Climate-Controlled Units*
Unit Size Avg. Street Rate
5x5 $52
5x10 $90
10x10 $140
10x15 $195
10x20 $256
10x30 $369

* Average monthly rates for Baltimore City in October 2021.

Average storage unit cost in Baltimore City 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 storage units in Baltimore City in Mount Vernon, where the standard self storage unit goes for $94/mo. on average, in Wilson Park, where renters pay $105/mo. on average, and in Penn - Fallsway, where the average street rates hover around $120/mo.

If you’re looking for other great deals, check out listings in Orchard Beach and Ellwood Park - Monument, where self storage street rates start at $57/mo. and $36/mo., respectively.

Other neighborhoods, on the other hand, come with higher street rates. The most expensive neighborhood in Baltimore City is Frankford with a monthly average street rate of $224, followed by Chestnut Hill Cove.

Cheapest Neighborhoods for Self Storage
# Neighborhood Average Street Rate
1 Mount Vernon $94
2 Wilson Park $105
3 Penn - Fallsway $120
4 Orchard Beach $122
5 Ellwood Park - Monument $124
Most Expensive Neighborhoods for Self Storage
# Neighborhood Average Street Rate
1 Frankford $224
2 Chestnut Hill Cove $223
3 Downtown Baltimore $182
4 Orangeville $173
5 Glen $172

Compare average storage prices in Baltimore City 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.
Baltimore City avg. rent
Neighborhood #1
Neighborhood #2

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

How Baltimore City, MD, Self Storage Compares With Other Cities

How self storage costs in Baltimore City compare to prices in other nearby cities

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

# City Average Street Rate
1 Ellicott City, MD $181
2 Glen Burnie, MD $168
3 Odenton, MD $163
4 Columbia, MD $161
5 Arnold, MD $149
6 Pasadena, MD $148
7 Elkridge, MD $145
8 Millersville, MD $143
9 Jessup, MD $134
10 Baltimore City, MD $127

Average street rates for non-climate-controlled 10x10 units for October 2021.

How self storage costs in Baltimore City compare to rates in other sought-after cities in the US

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

# City Average Street Rate
1 New York City, NY $247
2 Phoenix, AZ $127
3 Baltimore City, MD $127
4 Las Vegas, NV $125
5 Austin, TX $119
6 Dallas, TX $116
7 Tucson, AZ $114
8 San Antonio, TX $109
9 Houston, TX $95
10 Indianapolis, IN $86

Average street rates for non-climate-controlled 10x10 units for October 2021.

Self storage market size in Baltimore City, MD

Baltimore City self storage market statistics

No. of self storage units approx. 3,868
No. of self storage facilities 53
Local self storage inventory (sq. ft.) 3,970,834
Self storage sq. ft. per capita 3.3
New self storage facilities set for delivery in 2021 2
New self storage supply set for delivery in 2021 (sq. ft.) 66,437
Average self storage rent in Baltimore City for a standard 10x10 unit $127

Baltimore City self storage construction trends

The self storage sector has maintained an active development pipeline in recent years. In 2020 alone, about 142,622 square feet of self storage space came online in Baltimore City, representing 3.6% of the existing inventory.

Currently, there are 53 self storage facilities and approx. 3,868 storage units in Baltimore City. The local inventory encompasses 3,970,834 square feet of storage space, offering 3.3 square feet per capita.

A total of 66,437 square feet of self storage space is projected for completion in 2021.

What’s driving demand for self storage?

Quick overview of the Baltimore City housing market

Total no. of households 239,116
Y-o-y change in no. of households 0.3%
Renter households in Baltimore City 125,529
Homeowner households in Baltimore City 113,587
Households with mortgages in Baltimore City 77,329
Median number of rooms (all housing units) 5.6
Average apartment size (sq. ft.) 824
Average home size (sq. ft.) 1,260
Average apartment rent $1,478
Median home value $172,300
Working from home (# of total working population) 3.2%

Self storage for residential clients: key facts and figures about the Baltimore City 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 Baltimore City 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.

Baltimore City is home to 125,529 renters and 113,587 homeowners. The average apartment size in Baltimore City is 824 sq. ft. and the average Baltimore City home size is 1,260 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 Baltimore City 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 Baltimore City 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 STORAGECafé, 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.