Whether you're transitioning between homes, looking to declutter, or in need of a temporary home for your belongings, understanding the cost and options available in self storage is crucial.
This guide takes a closer look at what factors into the price of renting a storage unit and how you can find the best options to suit your needs without overspending.
At HOLD Self Storage, we believe in making this process transparent and straightforward, offering you insights to make informed decisions.
Let's dive in!
What is self storage?
Self storage provides individuals and businesses with a secure, private space to store belongings. This service offers various unit sizes and is accessible to renters for a flexible duration, accommodating a wide range of storage needs.
Table of contents
- Why self storage is booming
- What determines self storage prices?
- What's the average cost of a self storage unit in the UK?
- How much is storage in the UK?
- London
- Scotland (including Glasgow and Edinburgh)
- The West Midlands & Wales
- The North (including Manchester, Leeds, and Liverpool)
- The West Midlands & Wales
- South East (excluding London)
- Additional self storage costs to consider
- Insurance
- Deposit
- Transport and moving
- Securing your unit
- Furniture storage costs
- Exploring self storage options
- Indoor storage
- Container storage
- Collection and storage
- Lockups
- Removal depositories
- Saving money on self storage – Tips for reducing costs
- Choosing the right self storage option for you – Assessing your needs
Why self storage is booming
The annual turnover of the UK self storage industry is now a staggering 1 billion a year. The growing interest in self storage reflects diverse lifestyle changes and the constant search for efficient space management.
Increasingly, people find themselves needing additional space due to life transitions such as moving, downsizing, or expanding their living arrangements.
Moreover, the evolving nature of work, including the surge in home-based businesses and remote work setups, has underscored the value of decluttering living spaces for productivity and well-being.
This demand highlights the essential role of self storage facilities in providing flexible, secure solutions for a broad range of storage needs.
What determines self storage prices?
When considering self storage, it's essential to understand what drives the cost. A mix of factors plays a part in average storage costs, ensuring you find the right option that aligns with your budget and storage needs. Let's dive into what influences self storage costs:
- Storage location – The cost of real estate varies widely, and this directly impacts storage prices. Urban areas, especially city centres, often see higher rates due to increased property costs.
- Size and type of storage unit – Options range from small lockers to large units. Naturally, larger spaces cost more, but the type of storage (e.g., climate-controlled, outdoor) also affects pricing.
- Rental Duration – The length of your rental agreement can alter the cost. Longer commitments can sometimes secure lower monthly rates.
- Additional Services and Insurance – Services like enhanced security, climate control, or insurance coverage can add to the cost, providing added value and peace of mind.
Can you get a storage unit free?
Yes and no. While storage units generally come at a cost, some storage providers offer introductory offers or discounts that can make storage more affordable or even free for a limited time.
For example, HOLD is offering the first 12 months 50% (along with other perks for new customers). We'd advise comparing different storage providers and their deals to find the best value for your needs.
What's the average cost of a self storage unit in the UK?
Finding out the cost of self storage units is quick and straightforward. Simply request a no-commitment quote from your chosen storage provider.
You can pick your unit's size with the help of our video guides, which make it easier to understand how much space you might need. Plus, you can choose the most conveniently located store for you.
For a general idea, based on the Self Storage Association (SSA) UK's 2024 annual report, the typical rent for self storage units is around £26.23 per square foot annually.
We've made understanding self storage costs simpler by translating the SSA's data into easy-to-read tables. These tables estimate the expenses for various unit sizes over different periods and locations across the UK, including London, the North, the Southeast, the West Midlands, and Scotland.
Keep in mind, these figures are just for guidance and shouldn't be seen as a concrete quote. For precise pricing (tailored to your needs and preferred location) seek a quote from your chosen facility.
How much is storage in the UK?
How long is a piece of string? On a serious note, UK self storage costs can vary depending on the factors above, along with other variables.
Prices for smaller units, roughly the size of a small garden shed (about 25 square feet), start from £20-£30 per week. For medium-sized units (approximately 75 square feet), costs can reach up to £100 per month, reflecting the role of unit size and location in determining fees.
The difference in pricing between regions is also notable. Costs vary between the North and South of the UK, with specifics provided for a range of unit sizes from 15 square feet to 150 square feet. The rate differences after promotional periods highlight the significant impact of geographical location on pricing.
Additionally, promotional offers can affect the initial costs, such as discounts for the first two months or for paying annually upfront. It's important to account for extra expenses like annual insurance, which can add over £100 to the yearly cost.
Choosing the right self storage involves more than comparing prices. Storage facilities offer a range of amenities and may impose additional fees, including for insurance and access outside standard hours. These factors should be considered alongside the base rent to understand the total cost.
Let's move on to the average storage rates by location.
London
Storage facilities in London
In London, storage costs tend to be higher compared to the rest of the UK. It's important to factor in this higher expense while researching storage prices in the capital. Moreover, prices can vary significantly across different areas within London.
- 25 sq. ft.: £19.22 weekly, £83.30 monthly.
- 35 sq. ft.: £27.45 weekly, £119.05 monthly.
- 50 sq. ft.: £38.95 weekly, £169.45 monthly.
- 75 sq. ft.: £58.41 weekly, £254.12 monthly.
*These figures are based on the SSA UK Annual Industry Report 2024 report and do not cover VAT or insurance.
THE NORTH
The cost of self storage in cities like Manchester, Leeds, and Liverpool is moderate:
- 25 sq. ft.: £10.12 weekly, £43.84 monthly.
- 35 sq. ft.: £14.19 weekly, £61.54 monthly.
- 50 sq. ft.: £20.26 weekly, £87.79 monthly.
- 75 sq. ft.: £30.30 weekly, £131.30 monthly.
Scotland (including Glasgow and Edinburgh)
Storage facilities in Scotland
The cost of living in Scotland, notably cheaper than England, is mirrored in the self storage prices in cities like Glasgow and Edinburgh. Here's an overview of the storage price and what to expect:
- 25 sq. ft.: £11.21 weekly, £48.64 monthly.
- 35 sq. ft.: £15.95 weekly, £69.11 monthly.
- 50 sq. ft.: £22.81 weekly, £98.85 monthly.
- 75 sq. ft.: £34.22 weekly, £148.95 monthly.
*These figures are based on the SSA UK Annual Industry Report 2024 report and do not cover VAT or insurance.
The West Midlands & Wales
Storage facilities in Wales
With some of the UK's more affordable living areas, Wales and the West Midlands self storage pricing reflects this economic advantage.
- 25 sq. ft.: £9.04 weekly, £39.12 monthly.
- 35 sq. ft.: £12.74 weekly, £55.30 monthly.
- 50 sq. ft.: £18.19 weekly, £78.77 monthly.
- 75 sq. ft.: £27.25 weekly, £118.12 monthly.
These figures are based on the SSA UK Annual Industry Report 2024 report and do not cover VAT or insurance.
South East (excluding London)
Prices in the South East region remain competitive:
- 25 sq. ft.: £14.01 weekly, £59.30 monthly.
- 35 sq. ft.: £19.50 weekly, £84.50 monthly.
- 50 sq. ft.: £27.85 weekly, £120.65 monthly.
- 75 sq. ft.: £41.80 weekly, £181.00 monthly.
*All the above prices are taken from the SSA UK 2024 report and don't include VAT or insurance.
Additional Self Storage costs to consider
When planning for self storage, look beyond the basic rent to anticipate all potential expenses. This ensures a seamless experience without unexpected costs:
Insurance
This is essential for protecting your stored items against potential risks. Whether you choose a provider recommended by the storage company or arrange your own insurance, ensuring the coverage matches the value of your belongings is key. Most self storage facilities (like HOLD) have insurance options.
Check out our guide to insuring a storage unit.
Deposit
Some facilities may require a deposit or an upfront payment when you start renting. This could be the rent for the first few weeks or a month, depending on the company's policy.
Transport and moving
Getting your items to the storage facility might involve additional costs. You might need to hire a moving service, rent a van, or use your own vehicle if it's suitable. Some storage companies may offer recommendations or partnerships with local transport services for your convenience.
Packing materials
Proper packing can protect your belongings and make the best use of space. If you need boxes, bubble wrap, or tape, storage facilities often sell these items. Buying quality packing materials can safeguard your items and help organize your unit efficiently.
HOLD has all the top-quality packing materials you need, whether you're moving house, or storing business stock.
Securing your unit
Ensuring your storage unit is securely locked is crucial. While some facilities may provide a lock, or you can purchase one from them, you're usually free to use a lock of your choice. The cost of a lock is a small price to pay for the security of your valuables.
Each of these factors contributes to the total cost of using self storage. While some costs are straightforward, others vary based on individual needs and the specifics of the storage facility. Always review the details and ask questions to fully understand the expenses involved in storing your items.
Furniture storage costs
Furniture storage costs encompass more than just the rental fee for the space. Key additional expenses include insurance for your items (which varies by their value), transportation costs for moving furniture to and from the facility, and possibly higher rates for climate-controlled units that protect your items from environmental damage.
Additionally, packing materials to secure your furniture might lead to extra charges. It's important to factor in these aspects for a full picture of what storing your furniture will cost.
Exploring self storage options
When space at home or in your business becomes tight, storing items away from your primary location is a practical solution. While using a garage, loft, or basement might seem convenient, these places can pose risks like damage, loss, or theft.
Additionally, excess items can clutter valuable living or working areas. While opting for a self storage unit is a popular choice, it's worth considering the full range of storage options available to suit different needs.
Indoor self storage
This option involves secure, individual units within a larger warehouse. Protected by CCTV and alarm systems, these units are indoor, shielding your belongings from the weather. Sizes range widely, accommodating everything from a few personal items to the contents of a large house or business inventory. Features may include ground floor access for heavy items and shelving to maximize space.
Suitable for – A wide variety of items including furniture, electronics, business stock, and personal belongings that require protection from the elements.
Container storage
Consisting of secure, outdoor metal containers, this option is great for larger, less sensitive items. While some sites offer enhanced security features like CCTV and perimeter fencing, the outdoor setting might not be ideal for items susceptible to temperature changes or moisture.
Suitable for – Large items like vehicles, outdoor equipment, and bulky furniture.
Collection and storage (Box Storage)
A convenient service where the company supplies boxes for you to pack, which they then collect and store at their facility. This option is ideal if you seldom need access to your stored items, as retrieving them can incur additional costs.
Suitable for – Smaller items and those you don't need to access frequently.
Lockups
Smaller, garage-like storage spaces found in residential areas, often rented for shorter periods. While practical for storing items of lower value, security depends on the lock and door strength.
Suitable for – Items of lower value or those that don't require stringent security measures.
Removals depositories
These are secure, indoor warehouse spaces offered by removal companies. They provide a space where items can be stored during a home move. Access to your belongings is typically limited, and there may be fees for early retrieval.
Suitable for – Furniture and household items during transitions between homes, especially if home improvements are planned before moving in.
Check out our recent blog on our picks for the best removal companies in London.
Each storage option has its own set of advantages and considerations, depending on your specific storage needs, the value of your items, and how frequently you need access to them.
Saving money on self storage – Tips for reducing costs
Saving on storage unit cost starts with making smart choices. Think about what you really need and how you can minimize costs:
- Pick the perfect size – Imagine packing a suitcase. You wouldn't use a huge one for a weekend trip, right? The same goes for storage units. Use size guides or ask for advice to ensure you're not paying for unused space.
- Compare locations – Prices can vary widely between different areas. Sometimes, a short drive out of town can significantly reduce your costs. Look around to find the best deal.
- Understand your contract – Read the fine print. Knowing about any fees for early move-out or the policy on rate increases can save you money down the line.
How to choose the right self storage option for you
Selecting the right storage involves more than just price. Consider what matters most for your items:
- Size matters – First, think about how much stuff you have. A unit too small will be crammed, but too large, and you're wasting money. Use tools like HOLD's online unit size calculator. Alternatively, consult with your chosen facility to estimate the size you need.
- Accessibility – How often will you need to access your items? If frequent visits are planned, choose a facility that's close by and offers convenient access hours.
- Extra services – Some items need climate control, while others might require robust security measures. Decide which features are essential for your peace of mind and factor them into your decision.
By focusing on these aspects, you'll be able to find a self storage unit that not only fits your budget but also perfectly aligns with your needs.
HOLD- Affordable, cutting-edge London storage
Based in the heart of King's Cross, London, HOLD is a self storage provider with a difference. We're a customer-driven company that offers some of the most competitive prices in the city. We also offer advanced security, 24/7 access, and climate control units. Whatever your needs, we'll help to lower your total storage costs.
Frequently Asked Questions
What is HOLD's minimum storage term?
The minimum storage term is 1 month.
How does storage work at HOLD?
Self-storage works by renting a storage unit or space for a specified period. You can store your belongings in the unit and access them whenever you need to. It's like having your own personal storage space away from home.
What factors influence the cost of a self-storage unit?
The price of a self-storage unit can vary based on several key factors including the size of the unit, its location, the rental duration, and the value of the items being stored.
Urban areas, especially city centres like London, tend to have higher prices compared to more rural settings due to higher demand and property costs.
How can I save money on self-storage?
To reduce costs, consider downsizing to a smaller unit if feasible, compare prices at different locations, and look out for special offers like introductory discounts.
Some companies offer lower rates for longer rental periods or reduced prices for payments made upfront for a year.
What are the average costs for different unit sizes?
Prices can range significantly depending on the unit size and location. For example, in the North of the UK, a 50 sq. ft. unit might cost around £65 monthly after an introductory offer, while in the South, the same size could cost closer to £78 monthly.
Are there additional costs associated with self-storage?
Yes, besides the basic rent, other expenses to consider include insurance for your stored items, costs related to moving and transporting your belongings to the facility, purchasing packing supplies, and potentially securing your unit with a padlock.
What should I consider when choosing a self-storage facility?
It's important to balance cost with convenience and security. Consider how often you'll need access to your stored items, the specific amenities offered by the facility such as CCTV and climate control, and whether the location suits your needs.
How much does Big Yellow Self Storage cost
The cost of a Big Yellow self storage unit varies based on location, unit size, and rental duration. Prices are only available upon quotation. The location-based pricing tables in this article can serve as a rough guide.
How much should I pay for storage?
The amount you should pay for storage depends on the location, unit size, and rental duration. For specific pricing, it's best to compare quotes from various providers and consider factors like unit accessibility, security, and amenities.