Las Vegas Self Storage Market Statistics:

Rent Prices, Local Inventory and Development Trends (October 2022)

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

How much does a storage unit cost in Las Vegas, NV?

Currently, the average cost of a 10x10 storage unit in Las Vegas is $127/month, a decrease of 2.3% compared to last year. Nationally, self storage street rates for 10×10 non-climate-controlled units saw a 0% year-over-year decrease, registering an average of $129 in October, 2022.

Las Vegas self storage prices by unit size

Besides the standard 10x10 unit, the Las Vegas 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 Las Vegas rents for $51, while a 5x10 unit would cost $80/month. Average street rates for a 10x20 unit stand at $215/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 $51
5x10 $80
10x10 $127
10x15 $169
10x20 $215
10x30 $296
Climate-Controlled Units*
Unit Size Avg. Street Rate
5x5 $52
5x10 $78
10x10 $124
10x15 $169
10x20 $227
10x30 $329

* Average monthly rates for Las Vegas in October 2022.

Average storage unit cost in Las Vegas 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 Las Vegas storage units in The Strip, where the standard self storage unit goes for $113/mo. on average, in Quail Estates West, where renters pay $117/mo. on average, and in Downtown Las Vegas, where the average street rates hover around $124/mo.

If you’re looking for other great deals, check out self storage listings, and their average street rates, in Twin Lakes ($131) and Coleman Park ($134).

Other neighborhoods, on the other hand, come with higher street rates. The most expensive neighborhood in Las Vegas is Centennial with a monthly average street rate of $302, followed by Meadows Mobile Home Park.

Cheapest Neighborhoods for Self Storage
# Neighborhood Average Street Rate
1 The Strip $113
2 Quail Estates West $117
3 Downtown Las Vegas $124
4 Twin Lakes $131
5 Coleman Park $134
6 Kensington $148
7 Curtis Park Manor $150
8 Nortwest Area $153
9 Northbrooke $153
10 Summerlin $156
Most Expensive Neighborhoods for Self Storage
# Neighborhood Average Street Rate
1 Centennial $302
2 Meadows Mobile Home Park $261
3 Sunhampton $254
4 Arts District $242
5 Mountain Edge $232
6 West Sahara $218
7 Majestic Park $216
8 Woodcrest $200
9 Hillcrest at Summit Hills $199
10 Northwest Citizens Board $196

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

How Las Vegas, NV, Self Storage Compares With Other Cities

How self storage costs in Las Vegas compare to prices in other nearby cities

Check out the table below to see how self storage in Las Vegas compares rent-wise to other places in the state of Nevada.

# City Average Street Rate
1 Laughlin, NV $185
2 Boulder City, NV $176
3 Sparks, NV $133
4 Henderson, NV $132
5 Las Vegas, NV $127
6 Gardnerville, NV $125
7 North Las Vegas, NV $117
8 Minden, NV $110
9 Carson City, NV $110
10 Mesquite, NV $78

Average street rates for non-climate-controlled 10x10 units for October 2022.

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

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

# City Average Street Rate
1 New York City, NY $251
2 Las Vegas, NV $127
3 Phoenix, AZ $126
4 Austin, TX $123
5 Tucson, AZ $123
6 San Antonio, TX $116
7 Dallas, TX $116
8 Houston, TX $100
9 Fort Worth, TX $100
10 Indianapolis, IN $89

Average street rates for non-climate-controlled 10x10 units for October 2022.

Self storage market size in Las Vegas, NV

Las Vegas self storage market statistics

No. of self storage units approx. 10,950
No. of self storage facilities 193
Local self storage inventory (sq. ft.) 13,181,798
Self storage sq. ft. per capita 7.0
New self storage facilities set for delivery in 2022 8
New self storage supply set for delivery in 2022 (sq. ft.) 501,930
Average self storage rent in Las Vegas for a standard 10x10 unit $127

Las Vegas self storage construction trends

The self storage sector has maintained an active development pipeline in recent years. In 2021 alone, about 274,297 square feet of self storage space came online in Las Vegas, representing 3% of the existing inventory. Compared to the year before, self storage inventory in Las Vegas has increased by 3.1%.

Currently, there are 193 self storage facilities and approx. 10,950 storage units in Las Vegas. The local inventory encompasses 13,181,798 square feet of storage space, offering 7.0 square feet per capita.

A total of 501,930 square feet of self storage space is projected for completion in 2022, an increase of 28.6% compared to last year.

What’s driving demand for self storage?

Quick overview of the Las Vegas housing market

Total no. of households 237,308
Y-o-y change in no. of households 2.3%
Renter households in Las Vegas 110,579
Homeowner households in Las Vegas 126,729
Households with mortgages in Las Vegas 88,445
Median number of rooms (all housing units) 5.2
Average apartment size (sq. ft.) 893
Average home size (sq. ft.) 1,698
Average apartment rent $1,483
Median home value $286,100
Working from home (# of total working population) 4.4%

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

Las Vegas is home to 110,579 renters and 126,729 homeowners. The average apartment size in Las Vegas is 893 sq. ft. and the average Las Vegas home size is 1,698 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 Las Vegas 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 Las Vegas 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 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.

Average home size data is from PropertyShark, while demographic data is from the latest U.S. Census Bureau release, the 2020 American Community Survey.