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

How much does a storage unit cost in New York City, NY?

Currently, the average cost of a 10x10 storage unit in New York City is $247/month, a change of 0.8% 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.

New York City self storage prices by unit size

Besides the standard 10x10 unit, the New York 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 New York City rents for $85, while a 5x10 unit would cost $148/month. Average street rates for a 10x20 unit stand at $467/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 $85
5x10 $148
10x10 $247
10x15 $359
10x20 $467
10x30 $618
Climate-Controlled Units*
Unit Size Avg. Street Rate
5x5 $87
5x10 $151
10x10 $252
10x15 $369
10x20 $493
10x30 $684

* Average monthly rates for New York City in October 2021.

Average storage unit cost in New York 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 New York City in Tremont, where the standard self storage unit goes for $146/mo. on average, in Borough Park, where renters pay $151/mo. on average, and in Fairmont - Claremont Village, where the average street rates hover around $163/mo.

If you’re looking for other great deals, check out listings in Jamaica and Unionport, where self storage street rates start at $28/mo. and $15/mo., respectively.

Other neighborhoods, on the other hand, come with higher street rates. The most expensive neighborhood in New York City is Red Hook with a monthly average street rate of $527, followed by Soundview.

Cheapest Neighborhoods for Self Storage
# Neighborhood Average Street Rate
1 Tremont $146
2 Borough Park $151
3 Fairmont - Claremont Village $163
4 Jamaica $167
5 Unionport $168
6 Eastchester $168
7 Baychester $174
8 Port Ivory - Howland Hook $178
9 University Heights $182
10 Ridgewood $182
Most Expensive Neighborhoods for Self Storage
# Neighborhood Average Street Rate
1 Red Hook $527
2 Soundview $494
3 Hunters Point $458
4 Rossville $425
5 Gowanus $420
6 Wakefield $397
7 Chelsea $391
8 Upper West Side $391
9 Fort Greene $370
10 East Village $359

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

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

How New York City, NY, Self Storage Compares With Other Cities

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

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

# City Average Street Rate
1 West Hempstead, NY $284
2 New York City, NY $247
3 Garden City, NY $237
4 Pelham, NY $231
5 Hempstead, NY $229
6 Port Washington, NY $229
7 Jersey City, NJ $217
8 Union City, NJ $197
9 Bayonne, NJ $190
10 Mount Vernon, NY $186

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

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

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

# City Average Street Rate
1 New York City, NY $247
2 Chicago, IL $135
3 Phoenix, AZ $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 New York City, NY

New York City self storage market statistics

No. of self storage units approx. 25,467
No. of self storage facilities 266
Local self storage inventory (sq. ft.) 20,888,142
Self storage sq. ft. per capita 2.2
New self storage facilities set for delivery in 2021 12
New self storage supply set for delivery in 2021 (sq. ft.) 1,242,880
Average self storage rent in New York City for a standard 10x10 unit $247

New York City self storage construction trends

The self storage sector has maintained an active development pipeline in recent years. In 2020 alone, about 660,710 square feet of self storage space came online in New York City, representing 3.2% of the existing inventory.

Currently, there are 266 self storage facilities and approx. 25,467 storage units in New York City. The local inventory encompasses 20,888,142 square feet of storage space, offering 2.2 square feet per capita.

A total of 1,242,880 square feet of self storage space is projected for completion in 2021.

What’s driving demand for self storage?

Quick overview of the New York City housing market

Total no. of households 3,167,034
Y-o-y change in no. of households 0.4%
Renter households in New York City 2,132,397
Homeowner households in New York City 1,034,637
Households with mortgages in New York City 603,790
Median number of rooms (all housing units) 3.9
Average apartment size (sq. ft.) 699
Average home size (sq. ft.) 1,580
Average apartment rent $3,849
Median home value $609,700
Working from home (# of total working population) 3.6%

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

New York City is home to 2,132,397 renters and 1,034,637 homeowners. The average apartment size in New York City is 699 sq. ft. and the average New York City home size is 1,580 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 York 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 New York 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.