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Portland 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. 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 $154/month, a change of 0.7% 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.

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 $67, while a 5x10 unit would cost $98/month. Average street rates for a 10x20 unit stand at $257/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 $67
5x10 $98
10x10 $154
10x15 $204
10x20 $257
10x30 $355
Climate-Controlled Units*
Unit Size Avg. Street Rate
5x5 $70
5x10 $102
10x10 $157
10x15 $213
10x20 $285
10x30 $372

* Average monthly rates for Portland in October 2021.

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 storage units in Portland in South Tabor, where the standard self storage unit goes for $117/mo. on average, in Far Southwest Portland, where renters pay $126/mo. on average, and in Brentwood - Darlington, where the average street rates hover around $136/mo.

If you’re looking for other great deals, check out listings in Lloyd District and Argay, where self storage street rates start at $50/mo. and $54/mo., respectively.

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 $310, followed by Parkrose.

Cheapest Neighborhoods for Self Storage
# Neighborhood Average Street Rate
1 South Tabor $117
2 Far Southwest Portland $126
3 Brentwood - Darlington $136
4 Lloyd District $146
5 Argay $147
6 Sullivan's Gulch $161
7 Northwest Gresham $162
8 Montavilla $163
9 Creston - Kenilworth $164
10 Mill Park $165
Most Expensive Neighborhoods for Self Storage
# Neighborhood Average Street Rate
1 North Central Gresham $310
2 Parkrose $263
3 Mount Hood $241
4 East Columbia - Heron Meadows $233
5 Concordia $226
6 Portsmouth $208
7 Lents $205
8 Eliot $205
9 Multnomah $204
10 East Centennial $203

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 $194
2 Happy Valley, OR $163
3 Gresham, OR $159
4 Troutdale, OR $157
5 Camas, WA $156
6 Gladstone, OR $156
7 Lake Oswego, OR $156
8 Portland, OR $154
9 Battle Ground, WA $150
10 Vancouver, WA $129

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

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 $247
2 Portland, OR $154
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 Portland, OR

Portland self storage market statistics

No. of self storage units approx. 4,356
No. of self storage facilities 69
Local self storage inventory (sq. ft.) 4,444,319
Self storage sq. ft. per capita 4.1
New self storage facilities set for delivery in 2021 2
New self storage supply set for delivery in 2021 (sq. ft.) 234,993
Average self storage rent in Portland for a standard 10x10 unit $154

Portland self storage construction trends

The self storage sector has maintained an active development pipeline in recent years. In 2020 alone, about 490,727 square feet of self storage space came online in Portland, representing 11.0% of the existing inventory.

Currently, there are 69 self storage facilities and approx. 4,356 storage units in Portland. The local inventory encompasses 4,444,319 square feet of storage space, offering 4.1 square feet per capita.

A total of 234,993 square feet of self storage space is projected for completion in 2021.

What’s driving demand for self storage?

Quick overview of the Portland housing market

Total no. of households 268,718
Y-o-y change in no. of households 1.6%
Renter households in Portland 125,266
Homeowner households in Portland 143,452
Households with mortgages in Portland 104,452
Median number of rooms (all housing units) 4.9
Average apartment size (sq. ft.) 758
Average home size (sq. ft.) 1,180
Average apartment rent $1,666
Median home value $418,000
Working from home (# of total working population) 6.2%

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 125,266 renters and 143,452 homeowners. The average apartment size in Portland is 758 sq. ft. and the average Portland home size is 1,180 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 Portland 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 Portland 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.