Nashville Self Storage Market Statistics:

Rent Prices, Local Inventory and Development Trends (March 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. Nashville offers plenty of self storage options to cater to all needs and budgets.

How much does a storage unit cost in Nashville, TN?

Currently, the average cost of a 10x10 storage unit in Nashville is $121/month, a decrease of 3.2% compared to last year. Nationally, self storage street rates for 10×10 non-climate-controlled units saw a 5.5% year-over-year decrease, registering an average of $120 in March, 2024.

Nashville self storage prices by unit size

Besides the standard 10x10 unit, the Nashville 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 Nashville rents for $55, while a 5x10 unit would cost $76/month. Average street rates for a 10x20 unit stand at $199/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 $55
5x10 $76
10x10 $121
10x15 $161
10x20 $199
10x30 $256
Climate-Controlled Units*
Unit Size Avg. Street Rate
5x5 $61
5x10 $87
10x10 $143
10x15 $197
10x20 $270
10x30 $399

* Average monthly rates for Nashville in March 2024.

Average storage unit cost in Nashville 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 Nashville storage units in Valley Brook, where the standard self storage unit goes for $103/mo. on average, in Talbot's Corner, where renters pay $104/mo. on average, and in Elysian Park, where the average street rates hover around $113/mo.

If you’re looking for other great deals, check out self storage listings, and their average street rates, in Nashboro Village ($123) and Cedarmont Estates ($128).

Other neighborhoods, on the other hand, come with higher street rates. The most expensive neighborhood in Nashville is Grandview Heights with a monthly average street rate of $268, followed by Russwurm Heights.

Cheapest Neighborhoods for Self Storage
# Neighborhood Average Street Rate
1 Valley Brook $103
2 Talbot's Corner $104
3 Elysian Park $113
4 Nashboro Village $123
5 Cedarmont Estates $128
Most Expensive Neighborhoods for Self Storage
# Neighborhood Average Street Rate
1 Grandview Heights $268
2 Russwurm Heights $247
3 Charlotte Park $214
4 Bellevue $210
5 McKissack Park $208

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

How Nashville, TN, Self Storage Compares With Other Cities

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

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

# City Average Street Rate
1 Brentwood, TN $145
2 Franklin, TN $130
3 Nolensville, TN $129
4 Nashville, TN $121
5 Hermitage, TN $118
6 Old Hickory, TN $110
7 Goodlettsville, TN $106
8 Madison, TN $96
9 Antioch, TN $93
10 LA Vergne, TN $88

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

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

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

# City Average Street Rate
1 New York City, NY $247
2 Nashville, TN $121
3 Las Vegas, NV $115
4 Phoenix, AZ $113
5 Austin, TX $111
6 Dallas, TX $110
7 Tucson, AZ $110
8 San Antonio, TX $104
9 Houston, TX $91
10 Indianapolis, IN $81

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

Self storage market size in Nashville, TN

Nashville self storage market statistics

No. of self storage units approx. 3,849
No. of self storage facilities 53
Local self storage inventory (sq. ft.) 3,865,711
Self storage sq. ft. per capita 6.6
New self storage facilities set for delivery in 2024 2
New self storage supply set for delivery in 2024 (sq. ft.) 150,616
Average self storage rent in Nashville for a standard 10x10 unit $121

Nashville self storage construction trends

The self storage sector has maintained an active development pipeline in recent years.

Currently, there are 53 self storage facilities and approx. 3,849 storage units in Nashville. The local inventory encompasses 3,865,711 square feet of storage space, offering 6.6 square feet per capita.

A total of 150,616 square feet of self storage space is projected for completion in 2024.

What’s driving demand for self storage?

Quick overview of the Nashville housing market

Total no. of households 282,855
Y-o-y change in no. of households 3.7%
Renter households in Nashville 129,737
Homeowner households in Nashville 153,118
Households with mortgages in Nashville 107,215
Median number of rooms (all housing units) 5.2
Average apartment size (sq. ft.) 883
Average home size (sq. ft.) 1,691
Average apartment rent $1,761
Median home value $294,000
Working from home (% of total working population) 9.8%

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

Nashville is home to 129,737 renters and 153,118 homeowners. The average apartment size in Nashville is 883 sq. ft. and the average Nashville home size is 1,691 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 28,000 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.