The concept and business of renting out storage spaces actually dates back to about the mid-20th century, but nowadays, storage units can easily be rented for a short period of time to keep your furniture and other precious items in a safe place. For instance, if you’re renovating a house and don’t have extra space to keep big furniture sets or appliances, you can count on furniture storage units for convenience.
Many homeowners who are moving to a different state also choose to keep some furniture in storage units to keep expenses low for moving trucks. Prices will vary in terms of weekly or monthly payments, but this guide will help you navigate what's right for you.
What Is Furniture Storage?
A self-storage unit is a facility that helps you store valuable items, such as furniture and other personal belongings, in a controlled-temperature space. These units are rented on a weekly or monthly basis, and customers either have access to it using a key or a special code.
These storage units are not only limited to furniture and personal items; they can also store belongings like boats, vehicles, commercial equipment, business supplies, and more.
Average Costs of Furniture Storage Units Nationwide
For an average 5' x 10' unit, or about 50 square feet, the price of a storage unit starts at £25.84 per week in the UK and €58.50 in Ireland. Meanwhile, it costs $55 for a 5' x 10' storage in the United States, $35 in Canada, and $115 in Australia.
Furniture Storage Cost Breakdown
The cost of renting a storage unit generally already includes access to climate-controlled units, industry-leading security, and on-site package acceptance. Take note that some storage units aren’t accessible by customers, and only authorized personnel can drop off and collect items at the units.
There are also premium storage solutions that have central location monitoring for maximum security. This service comes with a higher price tag of about $68 to $200 for small- to medium- sized units.
Factors Affecting Cost of Furniture Storage
The cost of renting furniture storage varies according to different factors. The first factor is the size, which becomes costly if you rent bigger units. More than size, location and length of rental time are also factors. If you rent the unit for more than a month, service providers often offer bundle deals to help you save money.
Additional Costs Associated with Furniture Storage
There may be additional and unexpected charges for renting storage units. For instance, a security deposit is often required up front and will only be refunded when you move out. Admin fees also add up alongside the cost of renting a unit, plus the lock cutting fee.
Service providers are also particular with late payments; hence, if you don't settle monthly payments on time, you may incur late payment fees as a penalty.
Conclusion
Renting a storage unit for furniture is a smart move if you’re after convenience and security. By occupying a small- to medium-sized unit, storing furniture wouldn’t be an issue because sizes can go as large as 200 square feet. Allot about $50 to $80 for small- to medium-sized storage units to have an adequate amount of space for furniture, such as sofas, kitchen cabinets, wooden drawers, and other items.
