It's often true that the same storage unit at the same storage facility will cost significantly more or less in April than it does in November. That's because self storage is a seasonal industry. This seasonality is primarily driven by moving season, which lasts from May to September and generally causes storage prices to spike. Memorial Day weekend marks the definitive end to the low season. The following Tuesday is often so busy that it's popularly known as 'Crazy Tuesday' within the self storage industry. In addition to families moving between homes, college students renting storage for the summer also contribute to demand during the high season, particularly in college towns.
The price difference between high and low seasons in Los Angeles is minimal, which means you shouldn't have to worry about huge rate changes from one season to the next. Even though you shouldn't have to worry as much about your rates changing later in the year, it's always best to lock in your rate with the facility if possible. Shop for self storage in Los Angeles during January to get the best price, when units go for an average of $83.84. Prices reach their highest in July, which at an average price of $119.86 a month you might want to avoid.
If your area is well-served by a large number of facilities, finding the right unit might be easier for you than for others in communities where less storage space is on offer. So how many storage facilities are there in Los Angeles?
There are 90 total storage facilities in Los Angeles, CA on the SelfStorage.com network. California averages 9 facilities per city, meaning that Los Angeles is home to 81 more facilities than others in its state, which is of course a significantly-high number. Los Angeles accounts for a surprising 4.11% of all facilities listed in California, coming in at 1st out of 253 cities in terms of facility count. Los Angeles also has a large number of facilities for a city on the national scale, with 81 more facilities than the national average of 9.
Of course, simply comparing cities irrespective of their various populations tells us very little about these cities, even when we're comparing Los Angeles to other cities in California. So how does Los Angeles, with its population of 3,831,868, compare to cities with similar populations? Los Angeles offers a slightly higher than average amount of storage space for its size: cities in the 1,000,000 and above population bracket have an average 50 storage facilities, 40 fewer than what can be found in Los Angeles. Per capita data, on the other hand, seems to have invalidated this notion that Los Angeles provides an immense amount of extra storage space for its community. For a city of 3,831,868, 90 self-storage facilities is not a high number at all: in fact, Los Angeles only places in the 2nd percentile for facilities per capita in United States cities, indicating a meager level of storage coverage. Among cities in California, Los Angeles ranks in the 2nd percentile for storage facilities per capita, meaning that even compared to its neighbors in California, Los Angeles offers its population a relatively low amount of self-storage space.
Our discussion of facilities per capita can't be completed without mentioning Los Angeles's modest population growth from 2000-2010, a period over which it took on 3.4% more people. That's a 6.6%-lower growth rate than California, which grew by 10%, saw as a whole. Los Angeles's low growth rate may mean that, with fewer incoming residents than elsewhere in California, the demand for storage is lower, but let's not forget that Los Angeles already has relatively few facilities for its size., meaning demand from the local population might be just as high.
You'll won't have the easiest of times telling a good deal on storage in Los Angeles from a great one if you don't know what storage in Los Angeles usually rents for. Since storage prices can change dramatically from one town to the next, the only real comparison you can make is with other facilities in the immediate area. That's why our analysts have crunched the numbers so that you will be able to know what to expect before you begin your storage search.
On average, a self storage unit in Los Angeles will rent for $83.84 a month. That monthly rental rate would come out to a yearly price of about $1006.08, should you be thinking of renting for that length of time. But before you go out and search for storage within the context of that figure, it's important to note here that that average price includes all standard sizes of storage units. You can easily end up paying up to or exceeding twice as much money for the larger units than the smaller sizes. The standard sizes of storage units in Los Angeles are: 5x5, 5x10, 10x10, 10x15, 10x20, and 10x30. For each standard storage unit size, here's how much you should expect to pay per month in Los Angeles:
|Storage Unit Size||Average Price in Los Angeles, CA|
Some storage seekers are able to find much cheaper rates by looking in nearby communities in addition to their own. If you're searching for the cheapest storage unit out there, a good rule of thumb is to look farther abroad than you originally set out to. Depending on how often you'll need to access your unit, this could be the way to go. Knowing whether or not you should look in nearby cities depends on whether or not self-storage (sometimes called mini storage or public self storage) in those cities is less expensive than in Los Angeles. We've gone ahead and figured that out for you.
Los Angeles's average price of $83.84 a month for a unit ranks it as the 110th most expensive city for self-storage in California, which itself ranks as the 9th most expensive state for storage. In general, storage units in Los Angeles go for $7.52 less than the state average of $91.36.
While average prices will give you a good idea of how much you should expect to spend, they don't necessarily tell us if storage is relatively affordable in that city. We use our 'relative price' scale to calculate the relative affordability of storage in a given area using the state median income. Given that the average price of a storage unit in Los Angeles is $83.84 and the median income in California is $54,681.00 a year, we can determine that a storage unit would require 1.84% of a median earner's monthly paycheck. This is a relatively-large percentage of income compared to other cities in California, ranking in at the 56th percentile statewide. We have to conlude from this that storage in Los Angeles is somewhat expensive.
In addition to being somewhat expensive at the state level, storage in Los Angeles is also somewhat expensive on the national scale, ranking at the 61st percentile when compared to other cities nationwide. The national average monthly price of a storage unit is $72.15. Depending on the size of unit you rent and the time of year, you should expect to pay approximately $11.69 more than that for self storage in Los Angeles.
Certain areas of Los Angeles can be significantly cheaper or more expensive for storage than others. The cheapest neighborhood for storage space in Los Angeles is within the 90062 ZIP code. The average unit there goes for $81.49 a month. You might want to avoid searching in the 90036 ZIP code, which, with its average unit price of $272.76 a month, is the priciest neighborhood for self storage in Los Angeles.
Are you seeking an exceedingly cheap self storage unit in Los Angeles, CA? January is the best month to search for storage, and the least expensive units are located in the 90062 ZIP code. The absolute worst time to look for storage is July, when units are at their priciest, and be warned that the 90036 area is the most expensive in Los Angeles for storage.
Los Angeles self storage typically costs between $69.5 and $469 a month. Storage is currently in stock.
If you’re considering buying/selling a home instead of renting, it’s crucial to find a storage unit that will last you through the purchase or sale process. Especially when, according to Zillow, Los Angeles had an average home value of $549,000 which in the past year is up 0.223%.