The Cost of Self Storage in Minneapolis, MN
The cost of self-storage units can vary drastically from one city to the next. While few people think of storage units as real estate, many of the same pricing variables affect the storage unit and real estate marketplaces. Storage units located in areas with high property values will usually cost more because the land they occupy is more valuable. Demand for storage space can also be a key factor, so units in dense urban centers and college towns can also carry a higher price tag.
Minneapolis is the largest city in the state of Minnesota, and average storage unit costs tend to be slightly higher than both state and national averages. These higher prices are likely due in part to the huge student population at University of Minnesota – Twin Cities, which has over 35,000 students. Housing costs in Minneapolis are also above both state and national averages, indicating that self-storage units may be more expensive to operate. There are, however, some deals to be found for thrifty storage shoppers in Minneapolis. The average cost of 10×10 storage units in Minneapolis is just over $106 monthly, which falls below the state average of $112.
Average cost of storage units in Minneapolis, MN compared to state and national averages
| Size of Storage Unit | City Average | State Average | National Average |
| 5×5 | $48 | $46 | $41 |
| 5×10 | $69 | $61 | $59 |
| 10×10 | $107 | $112 | $95 |
| 10×15 | $148 | $126 | $113 |
| 10×20 | $160 | $135 | $133 |
What to Consider when Looking for Storage in Minneapolis, MN
If you’re planning to keep your possessions in a storage unit, it’s important that they stay safe and secure. That’s why it’s important to consider the amount of property theft in a location before committing to a storage unit. According to Best Places, Minneapolis has a property theft index of 63.3, which is significantly higher than the state index of 33.2 and the national average of 35.4. With these increased crime rates, it may be worth considering a storage facility with limited access to non-members, on-site guards and modern security equipment.
Weather is another key consideration when choosing a storage unit in Minneapolis. This area has long, cold winters, with average temperatures falling into the teens and single digits during January and February. Be sure to keep these cold temperatures in mind and consider a climate-controlled storage unit if you plan to store liquids or sensitive items such as instruments.
Helpful Tips for Moving to Minneapolis, MN
With over 425,000 residents, Minneapolis is the 46th largest city in the country. When combined with its neighboring city St. Paul, however, this region explodes to 3.4 million residents and includes a vibrant mix of cultures. This region is especially well-known for its Ethiopian-American community, and the West Bank and Cedar Riverside neighborhoods are the perfect place to enjoy an authentic meal or hear live music. The Twin Cities are a cultural hub of the Midwest, and Minneapolis’s deep arts community is on full display in the Loring Park area.
An ideal city for nature lovers, Minneapolis offers quick access to 22 lakes as well as the Mississippi River. There is, in fact, nowhere within the city limits that is more than six blocks from a park. Minneapolis is also a great location for jobseekers, with unemployment rates below the national average and both recent and future job growth numbers above national averages.
Frequently Asked Questions
How much is a storage unit in Minneapolis, MN?
Minneapolis self-storage costs are slightly above state and national averages, ranging from $48 for a 5’x5’ unit to $160 for a 10’x20’ unit. The elevated prices are mainly due to the city’s high cost of living, which is 7.2% higher than the U.S. average. Minneapolis is also home to a large student population, which drives demand for storage units as students pack away their belongings and leave for the summer.
What amenities are necessary for safe, secure self-storage in Minneapolis, MN?
With Minneapolis’ high property crime rate of 63.3, finding a storage unit with advanced security amenities is essential. In addition to standard features such as gates, locks, and access control, look for a facility with alarm systems, video surveillance, and security guards. These enhanced features provide additional peace of mind and protect against theft and burglary.
How to get cheap storage units in Minneapolis, MN?
The best way to find affordable storage units in Minneapolis is to compare the rates of local facilities. Look for promotions, discounts, or referral programs that can help you save on your monthly costs. Choose the smallest unit suitable for your belongings, as size significantly impacts pricing. You can also explore facilities outside the city’s more populated areas since surrounding areas often have lower rates.
Can you sleep in a storage unit?
No, you cannot sleep in self-storage. It’s against the law, and those caught can face fines, jail time, and termination of their rental agreement. In addition to being unlawful, sleeping in a storage unit can lead to serious health and safety concerns. Storage units are designed to store belongings, not people, and have limited ventilation, poor air quality, and lack of proper sanitation.
Does home insurance cover storage units?
Home insurance policies typically cover off-site items, such as those in a self-storage unit, at a capped rate of 10% of your standard policy. For example, if your policy covers damage to household items up to $30,000, it will cover those in your storage unit up to $3,000. To ensure complete protection of your belongings, you can purchase self-storage insurance from your original provider or a third party.
