The Cost of Self Storage in Indianapolis, IN
The local cost of living and real estate prices play significant roles in determining the cost of Indianapolis, IN, storage units. Indianapolis’ cost of living rate is more than 14 percent below the U.S. average, which generally translates to more affordable storage unit rates. However, real estate prices in Indianapolis, while lower than in some other major cities, have been rising in recent years, which could lead to increased storage costs as property values increase.
The demand for storage units in Indianapolis, IN, is influenced by the presence of several colleges and universities, including Indiana University–Purdue University Indianapolis (IUPUI) and Butler University. The student population creates a consistent demand for storage, particularly around the end of academic terms. This demand can increase prices, especially for smaller units, which are ideal for students. Despite this, average rates for Indianapolis storage of all sizes are below the national averages.
Average price of storage units by size in Indianapolis, IN
| Size of Storage Unit | City Average | State Average | National Average |
| 5×5 | $30 | $35 | $41 |
| 5×10 | $47 | $52 | $59 |
| 10×10 | $74 | $76 | $95 |
| 10×15 | $92 | $94 | $114 |
| 10×20 | $102 | $108 | $133 |
What to Consider When Looking for Storage in Indianapolis, IN
When choosing a storage unit in Indianapolis, IN, several factors beyond unit size and location are worth considering. One of the key concerns is security, particularly with the city’s crime rates. City property crime rates are nearly double the national percentage, suggesting that security should be an essential factor when choosing a unit. Features like 24-hour surveillance, gated access, and on-site management can provide peace of mind and help protect stored belongings from theft or vandalism.
Another important consideration is whether the facility offers climate-controlled units. Indianapolis experiences a wide range of temperatures throughout the year, from hot and humid summers to cold winters. These fluctuations can damage sensitive items like electronics, musical instruments, or important documents. A climate-controlled unit helps to maintain a stable environment, protecting belongings from extreme temperatures and humidity, making it a wise choice for those storing temperature-sensitive items.
Helpful Tips for Moving to Indianapolis, IN
Indianapolis, often called the “Crossroads of America,” is a vibrant city known for its rich cultural scene and sports enthusiasm. One of the city’s most famous landmarks is the Indianapolis Motor Speedway, home to the renowned Indianapolis 500. The city also boasts diverse attractions, including the Indianapolis Museum of Art, Broad Ripple Village, and the scenic Canal Walk. The city’s commitment to green spaces is evident in its numerous parks, including White River State Park and the Indianapolis Zoo.
For those moving to Indianapolis, affordable living options can be found in various neighborhoods throughout the city. Neighborhoods such as Broad Ripple and Meridian-Kessler provide a mix of affordable and higher-end housing, appealing to a wide range of residents. Indianapolis also has a well-connected public transit system, IndyGo, which makes commuting throughout the city accessible and convenient. The city’s relatively low cost of living, affordable housing options, and efficient transit make Indianapolis an attractive place for individuals and families alike.
Frequently Asked Questions
How much is a storage unit in Indianapolis, IN?
The average cost of storage units in Indianapolis, IN, is low compared to other locations. A 5’x5′ unit, for example, averages $30, compared to the national average of $41. An oversized unit, meanwhile, such as a 10’x20′ space, costs an average of $102 a month, while at the national level, the average for that size is $133.
How to get cheap storage units in Indianapolis, IN?
To find cheap storage in Indianapolis, IN, start by comparing prices online across different facilities and look for promotions or discounts. Consider renting a smaller unit or opting for a facility slightly outside of downtown, where prices tend to be lower. Sharing a unit with a friend or using a storage facility that offers flexible lease terms can also reduce costs. Additionally, watch for special deals for students or military personnel.
Is climate-controlled self storage necessary in Indianapolis, IN?
Climate-controlled self-storage is often a good idea in Indianapolis, IN, due to the city’s wide temperature fluctuations and high humidity levels. Summers can be hot and humid, while winters are cold, which can damage sensitive items like electronics and sports equipment. Climate control helps maintain a consistent environment, protecting belongings from extreme temperatures and moisture.
What size storage unit do I need?
The size of the storage unit you need depends on the volume and type of items you’re storing. A 5’x5′ unit is ideal for small items or boxes, while a 10’x10′ unit can hold the contents of a one-bedroom apartment. Larger units, like 10’x20′, are suitable for storing the contents of a house or large furniture. Consider inventorying your belongings to help determine the best size for your needs.
Is a cheap storage unit worth it?
A cheap storage unit can be worth it if it meets your needs without compromising on essential factors like security and accessibility. However, it’s important to consider why the unit is inexpensive. Ensure the facility has adequate security, clean units, and convenient access hours. Sometimes, paying more for better features, such as climate control or a more secure location, can be a better long-term investment to protect your belongings.
