The Cost of Self Storage in Albuquerque, NM
In Albuquerque, monthly self-storage rentals typically range between $40.98-$131.31, depending on the size and features of the unit. While this is a little higher than the statewide average of $33-$92, it is roughly on par with the national average range of $41-$133. In addition to size, common factors that influence the cost of storage units include how great the demand is for storage options versus the number of units available, what security and climate-control features the facility provides and how much real estate costs. In areas where purchasing property is costly, renting space on that property is also generally costly. Similarly, in cities with several colleges or seasonal residents, the demand for storage, and therefore the cost of storage, may be higher.
The cost of living and the cost of housing in Albuquerque is about 3% higher than the state average but about 10% below the national average. However, the city is home to several colleges and universities, including four-year schools like the University of New Mexico and Southwest University of Visual Arts, which may drive up the demand for short-term storage solutions along with the monthly cost of self-storage.
Average cost of storage units in Albuquerque, NM compared to state and national averages
| Size of Storage Unit | City Average | State Average | National Average |
| 5×5 | $41 | $33 | $41 |
| 5×10 | $53 | $53 | $59 |
| 10×10 | $80 | $82 | $95 |
| 10×15 | $116 | $90 | $113 |
| 10×20 | $131 | $92 | $133 |
What to Consider when Looking for Storage in Albuquerque, NM
While the size needed for a storage unit is an important consideration when selecting the best self-storage unit, renters should also evaluate other factors like the region’s climate and crime rate. In areas in which property crime is prevalent, items that are stored for an extended period of time are at a greater risk of theft or vandalism. Similarly, in cities that experience extreme temperatures, items that are not stored in a climate-controlled unit may be damaged.
In Albuquerque, year-round temperatures tend to be extreme, with temperatures ranging between 24-92 degrees F. Temperatures over 90 degrees can cause DVDs, CDs and vinyl records to warp and wooden furniture to expand and crack, and temperatures below 30 degrees F can cause items to retain moisture or contract, expand and crack. In addition to this, property crime rates in Albuquerque are very high, rating 85.3 on a 100-point scale. For this reason, many renters choose storage facilities with security features like surveillance cameras and alarm systems.
Helpful Tips for Moving to Albuquerque, NM
Albuquerque, home to about 560,000 residents, is located in central New Mexico and is the state’s most populous city. It has a warm climate and 280 sunny days per year, giving residents ample time to take in attractions and amenities like the Indian Pueblo Cultural Center and the ABQ Biopark.
Workers enjoy a commute time that is about 21 minutes, over 20% shorter than the national average, contributing to a high quality of life. Several major highways run through the city, including the Pan-American Freeway, Coronado Freeway and Paseo del Norte, providing easy access to nearby cities, and the city is served by the Albuquerque International Sunport. While most people drive private vehicles, the city has a large public transportation system that operates nearly 40 routes throughout the area, including a free downtown shuttle.
Frequently Asked Questions
How much is self-storage in Albuquerque, NM?
The average monthly cost for a storage unit in Albuquerque ranges from $41 for a 5’x5’ unit to $131 for a 10’x20’ unit. The city’s self-storage prices are on par with national averages and slightly above state averages. The elevated prices are mainly due to the high cost of living in Albuquerque, which is 4.1% higher than other New Mexico cities. Albuquerque is also home to several colleges and universities, increasing demand for self-storage units.
What amenities are necessary for safe, secure self-storage in Albuquerque, NM?
While most storage facilities include standard safety features such as gates and locks, your belongings are still at risk of theft and burglary. Albuquerque has an extremely high property crime rate of 85.3, making finding a facility with advanced security amenities such as video surveillance, alarm systems, and security guards essential. You can also protect your unit by hiding valuables at the back, upgrading your lock, and purchasing insurance.
Do I need a 24-hour storage unit in Albuquerque, NM?
A 24-hour storage unit is ideal for those who work irregular schedules or require flexible access to their belongings. Unlike standard facilities with a set visiting schedule, you can access a 24-hour facility anytime, day or night. Many around-the-clock facilities also offer access on weekends and holidays. When searching for a 24-hour unit, look for those in a safe location with advanced safety amenities to ensure you feel comfortable visiting at all hours.
Does home insurance cover storage units?
Most home insurance policies cover off-site items, such as those in self-storage. However, this coverage is often capped at 10% of your standard policy. For example, if your policy covers damage to your household items up to $40,000, it will cover the belongings in your storage unit up to $4,000. If you have high-value items in your unit, you can purchase additional self-storage insurance for complete protection.
Is a cheap storage unit worth it?
While inexpensive storage units may benefit your wallet, it is important to vet them properly before signing an agreement. Some low-cost units lack the safety and security amenities necessary to adequately protect your belongings. Before committing, visit the facility to tour the unit and ask about the included amenities. Though higher-priced units may cost more upfront, they can save you in the long run by better protecting your belongings from theft and environmental damage.
