The Cost of Self Storage in Memphis, TN
The cost of a storage unit generally depends, in large part, upon the cost of real estate in an area and how many storage facilities are located there. It’s more expensive to rent space in areas where it is more expensive to buy space. In Memphis, the median home price is roughly half that of the state of Tennessee as a whole and slightly more than a third of the national average. This low cost for property translates into affordable storage. Typically, renters can save between $4 and $18 per month by opting for a storage facility in or near Memphis.
Average cost of storage units in Memphis, TN compared to state and national averages
| Size of Storage Unit | City Average | State Average | National Average |
| 5×5 | $57 | $37 | $41 |
| 5×10 | $56 | $51 | $59 |
| 10×10 | $94 | $77 | $95 |
| 10×15 | $102 | $95 | $113 |
| 10×20 | $121 | $118 | $133 |
What to Consider when Looking for Storage in Memphis, TN
If you’re considering renting a storage unit, one of the first things to consider is the items you will place in that unit. A climate-controlled unit might be the best option if you’re packing up your whole house for a move. The hot, humid summers common to Memphis could cause mildew or mold growth on items and damage electronics. Furthermore, dampness may warp or otherwise ruin wooden furniture. A unit with air conditioning could help prevent these problems.
According to Best Places, property crime in Memphis rates 81.1 on a scale of 1 to 100. This relatively high rating includes crimes such as burglary, theft and arson. Moreover, it indicates that security should be a concern when considering a storage facility in the Memphis area. Before you rent, ask about entry controls, video surveillance, security systems and other security measures the facility employs.
Helpful Tips for Moving to Memphis, TN
Life in Tennessee’s largest city is vibrant and steeped in the dramatic highs and lows of the city’s long history. Urban renewal in recent years has breathed new life into the community with cultural and architectural revitalization. Included in this rejuvenation is the infrastructure of the city. Well-laid roadways keep traffic moving, with the average daily commute falling below the national average at just over 21 minutes.
Weather in Memphis is generally warm and sunny with temperatures generally ranging between 30 degrees in January and 91 degrees in July. Regardless of the weather, Memphis offers plenty to entertain you. Check out a basketball game with the city’s NBA team the Grizzlies, pay a visit to Graceland or check out the vibrant nightlife along the Mississippi River’s banks
Frequently Asked Questions
How much is self-storage in Memphis, TN?
The average monthly cost for self-storage in Memphis ranges from $57 for a 5’x5’ unit to $121 for a 10’x20’ unit. Prices are slightly above state and national averages, with renters paying $3 to $20 more to rent a unit in Memphis than other areas in Tennessee. The elevated rates are mainly due to the city’s large student population, which drives demand for self-storage.
How to get cheap storage units in Memphis, TN?
The best way to find inexpensive storage units in Memphis is to compare prices from local facilities. Many businesses offer discounts and promotions, such as the first month free, that can significantly reduce your storage fees. You can also look for units outside the city, as many facilities in surrounding areas have lower rates.
What amenities are necessary for safe, secure self-storage in Memphis, TN?
Memphis has an extremely high property crime rate of 81.1, making a self-storage unit with advanced security amenities essential. Look for a facility with features such as security guards, alarm systems, video surveillance, and access control. You can also enhance the protection of your unit by purchasing insurance, upgrading your lock, and placing valuables at the back.
Can you sleep in a storage unit?
It’s against the law to sleep in a storage unit. While punishments vary by state, those caught may face fines, jail time, and termination of their rental agreement. Along with being unlawful, staying in a self-storage unit puts you at risk of serious health and safety concerns, such as poor air quality, extreme temperatures, and lack of ventilation.
What size storage unit do I need?
The storage unit size you require depends on the items you plan to store. Before renting a unit, list all the items you plan to put in it and calculate the square footage required to pack them with enough room to move around the unit. If you’re in between sizes, round up to ensure enough space for all your belongings.
