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

How much does a storage unit cost in Philadelphia, PA?

Currently, the average cost of a 10x10 storage unit in Philadelphia is $135/month, a decrease of 6.3% 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.

Philadelphia self storage prices by unit size

Besides the standard 10x10 unit, the Philadelphia 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 Philadelphia rents for $59, while a 5x10 unit would cost $84/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 $59
5x10 $84
10x10 $135
10x15 $184
10x20 $232
10x30 $308
Climate-Controlled Units*
Unit Size Avg. Street Rate
5x5 $62
5x10 $97
10x10 $150
10x15 $195
10x20 $244
10x30 $331

* Average monthly rates for Philadelphia in January 2024.

Average storage unit cost in Philadelphia 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 Philadelphia storage units in Olney, where the standard self storage unit goes for $98/mo. on average, in Tioga, where renters pay $106/mo. on average, and in Cathedral Park, where the average street rates hover around $120/mo.

If you’re looking for other great deals, check out self storage listings, and their average street rates, in Germantown ($122) and Kensington ($130).

Other neighborhoods, on the other hand, come with higher street rates. The most expensive neighborhood in Philadelphia is Northeast Philadelphia Airport with a monthly average street rate of $434, followed by Bustleton.

Cheapest Neighborhoods for Self Storage
# Neighborhood Average Street Rate
1 Olney $98
2 Tioga $106
3 Cathedral Park $120
4 Germantown $122
5 Kensington $130
6 East Poplar $136
7 Ashton - Woodenbridge $141
8 Bridesburg $148
9 Cobbs Creek $148
10 Central Roxborough $149
Most Expensive Neighborhoods for Self Storage
# Neighborhood Average Street Rate
1 Northeast Philadelphia Airport $434
2 Bustleton $249
3 Summerdale $242
4 Cedarbrook $233
5 Logan Square $225
6 Bells Corner $210
7 Normandy $201
8 Wissahickon $198
9 Manayunk $187
10 Whitman $185

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

How Philadelphia, PA, Self Storage Compares With Other Cities

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

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

# City Average Street Rate
1 Havertown, PA $189
2 Glenside, PA $176
3 Philadelphia, PA $135
4 Pennsauken, NJ $127
5 Upper Darby, PA $127
6 Maple Shade, NJ $120
7 Bellmawr, NJ $119
8 Westville, NJ $110
9 Cherry Hill, NJ $102
10 Sharon Hill, PA $71

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

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

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

# City Average Street Rate
1 New York City, NY $246
2 Philadelphia, PA $135
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 Philadelphia, PA

Philadelphia self storage market statistics

No. of self storage units approx. 7,314
No. of self storage facilities 79
Local self storage inventory (sq. ft.) 6,425,632
Self storage sq. ft. per capita 3.1
New self storage facilities set for delivery in 2024 6
New self storage supply set for delivery in 2024 (sq. ft.) 555,240
Average self storage rent in Philadelphia for a standard 10x10 unit $135

Philadelphia self storage construction trends

The self storage sector has maintained an active development pipeline in recent years. In 2023 alone, about 460,647 square feet of self storage space came online in Philadelphia, representing 7.2% of the existing inventory. Compared to the year before, self storage inventory in Philadelphia has increased by 8%.

Currently, there are 79 self storage facilities and approx. 7,314 storage units in Philadelphia. The local inventory encompasses 6,425,632 square feet of storage space, offering 3.1 square feet per capita.

A total of 555,240 square feet of self storage space is projected for completion in 2024, an increase of 20.5% compared to last year.

What’s driving demand for self storage?

Quick overview of the Philadelphia housing market

Total no. of households 646,608
Y-o-y change in no. of households 7.5%
Renter households in Philadelphia 307,740
Homeowner households in Philadelphia 338,868
Households with mortgages in Philadelphia 202,532
Median number of rooms (all housing units) 5.6
Average apartment size (sq. ft.) 790
Average home size (sq. ft.) 1,218
Average apartment rent $1,887
Median home value $201,400
Working from home (% of total working population) 9.6%

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

Philadelphia is home to 307,740 renters and 338,868 homeowners. The average apartment size in Philadelphia is 790 sq. ft. and the average Philadelphia home size is 1,218 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.