Portland Self Storage Market Statistics:

Rent Prices, Local Inventory and Development Trends (January 2024)

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

How much does a storage unit cost in Portland, OR?

Currently, the average cost of a 10x10 storage unit in Portland is $133/month, a decrease of 5.7% compared to last year. Nationally, self storage street rates for 10×10 non-climate-controlled units saw a 3.2% year-over-year decrease, registering an average of $122 in January, 2024.

Portland self storage prices by unit size

Besides the standard 10x10 unit, the Portland 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 Portland rents for $58, while a 5x10 unit would cost $83/month. Average street rates for a 10x20 unit stand at $232/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 $83
10x10 $133
10x15 $181
10x20 $232
10x30 $329
Climate-Controlled Units*
Unit Size Avg. Street Rate
5x5 $61
5x10 $86
10x10 $135
10x15 $188
10x20 $240
10x30 $335

* Average monthly rates for Portland in January 2024.

Average storage unit cost in Portland 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 Portland storage units in South Tabor, where the standard self storage unit goes for $122/mo. on average, in Far Southwest Portland, where renters pay $130/mo. on average, and in Montavilla, where the average street rates hover around $133/mo.

If you’re looking for other great deals, check out self storage listings, and their average street rates, in Brentwood - Darlington ($135) and Northwest Gresham ($136).

Other neighborhoods, on the other hand, come with higher street rates. The most expensive neighborhood in Portland is North Central Gresham with a monthly average street rate of $291, followed by Parkrose.

Cheapest Neighborhoods for Self Storage
# Neighborhood Average Street Rate
1 South Tabor $122
2 Far Southwest Portland $130
3 Montavilla $133
4 Brentwood - Darlington $135
5 Northwest Gresham $136
6 Rockwood $142
7 Argay $146
8 Lloyd District $147
9 Rose City Park $149
10 Mill Park $151
Most Expensive Neighborhoods for Self Storage
# Neighborhood Average Street Rate
1 North Central Gresham $291
2 Parkrose $261
3 Mount Hood $257
4 St. Johns $215
5 East Centennial $212
6 Concordia $205
7 Brooklyn $204
8 Buckman $204
9 Lents $196
10 Sumner $195

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

How Portland, OR, Self Storage Compares With Other Cities

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

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

# City Average Street Rate
1 Sandy, OR $182
2 Troutdale, OR $158
3 Battle Ground, WA $157
4 Gresham, OR $152
5 Washougal, WA $134
6 Portland, OR $133
7 Vancouver, WA $132
8 Camas, WA $129
9 Happy Valley, OR $128
10 Fairview, OR $120

Average street rates for non-climate-controlled 10x10 units for January 2024.

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

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

# City Average Street Rate
1 New York City, NY $246
2 Portland, OR $133
3 Las Vegas, NV $117
4 Phoenix, AZ $117
5 Austin, TX $113
6 Dallas, TX $111
7 Tucson, AZ $110
8 San Antonio, TX $107
9 Houston, TX $93
10 Indianapolis, IN $83

Average street rates for non-climate-controlled 10x10 units for January 2024.

Self storage market size in Portland, OR

Portland self storage market statistics

No. of self storage units approx. 6,214
No. of self storage facilities 74
Local self storage inventory (sq. ft.) 4,647,095
Self storage sq. ft. per capita 4.3
Average self storage rent in Portland for a standard 10x10 unit $133

Portland self storage construction trends

The self storage sector has maintained an active development pipeline in recent years. In 2023 alone, about 53,300 square feet of self storage space came online in Portland, representing 1.2% of the existing inventory. Compared to the year before, self storage inventory in Portland has increased by 1.2%.

Currently, there are 74 self storage facilities and approx. 6,214 storage units in Portland. The local inventory encompasses 4,647,095 square feet of storage space, offering 4.3 square feet per capita.

What’s driving demand for self storage?

Quick overview of the Portland housing market

Total no. of households 279,797
Y-o-y change in no. of households 4.1%
Renter households in Portland 130,452
Homeowner households in Portland 149,345
Households with mortgages in Portland 108,195
Median number of rooms (all housing units) 4.9
Average apartment size (sq. ft.) 758
Average home size (sq. ft.) 1,170
Average apartment rent $1,728
Median home value $467,300
Working from home (% of total working population) 13.4%

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

Portland is home to 130,452 renters and 149,345 homeowners. The average apartment size in Portland is 758 sq. ft. and the average Portland home size is 1,170 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 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 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.