Minneapolis Self Storage Market Statistics:

Rent Prices, Local Inventory and Development Trends (May 2026)

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

How much does a storage unit cost in Minneapolis, MN?

Currently, the average cost of a 10x10 storage unit in Minneapolis is $100/month, an increase of 5.3% compared to last year. Nationally, self storage street rates for 10×10 non-climate-controlled units saw a 3.3% year-over-year decrease, registering an average of $119 in May, 2026.

Minneapolis self storage prices by unit size

Besides the standard 10x10 unit, the Minneapolis 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 Minneapolis rents for $42, while a 5x10 unit would cost $56/month. Average street rates for a 10x20 unit stand at $181/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	$56
10x10	$100
10x15	$145
10x20	$181
10x30	$267

Climate-Controlled Units*

Unit Size	Avg. Street Rate
5x5	$47
5x10	$70
10x10	$117
10x15	$168
10x20	$228
10x30	$334

* Average monthly rates for Minneapolis in May 2026.

Average storage unit cost in Minneapolis 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 Minneapolis storage units in Near North Minneapolis, where the standard self storage unit goes for $106/mo. on average, in North Loop, where renters pay $115/mo. on average, and in Whittier, where the average street rates hover around $184/mo.

If you’re looking for other great deals, check out self storage listings, and their average street rates, in Mid - City Industrial ($189) and Holland ($190).

Other neighborhoods, on the other hand, come with higher street rates. The most expensive neighborhood in Minneapolis is Howe with a monthly average street rate of $256, followed by Phillips West.

Compare average storage prices in Minneapolis 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.

Minneapolis avg. rent

Neighborhood #1

Neighborhood #2

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

How Minneapolis, MN, Self Storage Compares With Other Cities

How self storage costs in Minneapolis compare to prices in other nearby cities

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

#	City	Average Street Rate
1	New Hope, MN	$125
2	Hopkins, MN	$115
3	Crystal, MN	$110
4	Edina, MN	$110
5	St. Louis Park, MN	$106
6	Richfield, MN	$101
7	Minneapolis, MN	$100
8	Fridley, MN	$99
9	Golden Valley, MN	$92
10	Brooklyn Center, MN	$64

Average street rates for non-climate-controlled 10x10 units for May 2026.

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

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

#	City	Average Street Rate
1	New York City, NY	$260
2	Las Vegas, NV	$111
3	Phoenix, AZ	$111
4	Jacksonville, FL	$111
5	Dallas, TX	$108
6	Austin, TX	$108
7	Minneapolis, MN	$100
8	San Antonio, TX	$98
9	Houston, TX	$96
10	Oklahoma City, OK	$73

Average street rates for non-climate-controlled 10x10 units for May 2026.

Self storage market size in Minneapolis, MN

Minneapolis self storage market statistics

No. of self storage units	approx. 3,216
No. of self storage facilities	22
Local self storage inventory (sq. ft.)	1,841,923
Self storage sq. ft. per capita	2.1
Average self storage rent in Minneapolis for a standard 10x10 unit	$100

Minneapolis self storage construction trends

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

Currently, there are 22 self storage facilities and approx. 3,216 storage units in Minneapolis. The local inventory encompasses 1,841,923 square feet of storage space, offering 2.1 square feet per capita.

What’s driving demand for self storage?

Quick overview of the Minneapolis housing market

Total no. of households	198,866
Y-o-y change in no. of households	-2.6%
Renter households in Minneapolis	107,883
Homeowner households in Minneapolis	90,983
Households with mortgages in Minneapolis	66,272
Median number of rooms (all housing units)	4.4
Average apartment size (sq. ft.)	778
Average home size (sq. ft.)	1,816
Average apartment rent	$1,713
Median home value	$354,600
Working from home (% of total working population)	18.2%

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

Minneapolis is home to 107,883 renters and 90,983 homeowners. The average apartment size in Minneapolis is 778 sq. ft. and the average Minneapolis home size is 1,816 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.

Explore self storage market trends across top U.S. 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 31,000 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.