Rental rates on self storage units can change significantly from one month to the next over the course of the year, climbing higher or diving lower depending on the season. The high season lasts from late spring to late summer, the most popular period for those moving into a new home. Known to some in the industry as 'Crazy Tuesday,' the day following Memorial Day is typically the busiest of the year for storage and brings the high season into full swing. College students looking for a place to keep their things during the summer holiday can also have an effect on high season prices, pushing up prices on smaller units in particular, which is something to keep in mind if you live in a college town.
Seasonality is not particularly pronounced in Ontario, meaning that month-to-month prices vary less than they do elsewhere. If you'd still like to play it safe, which of course is always a good idea, one way to guard against seasonal price changes is by setting up an agreement with the facility to pay a single rate for your entire rental period. The best month to go searching for storage in Ontario is January, when the average unit goes for a low $48.89 a month. The worst month, on the other hand, is February, when units hit a high of $141.25.
Storage prices on one side of Ontario can be totally different on the other side of the city. The cheapest neighborhood for storage space in Ontario is within the 91762 ZIP code. The average unit there goes for $63.75 a month. You might want to avoid searching in the 91764 ZIP code, which, with its average unit price of $136.21 a month, is the most pricey neighborhood for self storage in Ontario.
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. About how many storage facilties are serving the Ontario area?
In total, 17 Ontario storage businesses have listed themselves on our self-storage facility network. That's slightly higher than most other cities in California, where each city averages 9 facilities, 8 less than what's available in Ontario. It should come as no surprise then that Ontario has the 26th-highest count of facilities out of all 253 cities on our network in California, acting as home to 0.78% of facilities in California. But what about on a national scale? Even then, Ontario has more storage facilities than the average city, 8 more than the average 9, to be exact.
But of course, comparing Ontario to other cities in California or across the nation regardless of population tells us very little. Do the 17 self storage facilities in Ontario offer the 171,603 people living there enough extra storage space? How does Ontario compare to similarly-sized cities? If we compare Ontario to other cities with populations of 100,000 to 250,000, we find that Ontario doesn't quite offer as much storage space as these others do. The average for cities in that bracket is 18, which of course beats Ontario by 1 facilities. We've further verified Ontario's relative lack of storage space by examining its per capita count of facilities. When compared with cities nationwide, Ontario ranks in the 26th percentile for storage facilities per inhabitant, which means that, comparatively, Ontario is somewhat-low on storage space for its 171,603 residents. Perhaps if we only compare Ontario to other cities in California it might appear to have more storage space? Unfortunately, even by that measure it does seem as if Ontario offers relatively little space, as it places in the 46th percentile for per capita storage facilities in California.
Finally, according to US Census data, Ontario's population grew by 8.1% between the 2000 and 2010 censuses, -1.9% less than the 10% growth that California grew as a whole. Remember, though, that while relatively fewer people are moving into Ontario and generating additional demand for storage, there's already a shorter supply of that storage than in most other cities in California, as Ontario had a low level of facilities per capita for its state.
You'll have a hard time telling a good price on storage from a great price when you're unfamiliar with how much self storage in Ontario typically costs to begin with. With the average rental rate varying widely from place to place, the only truly valuable comparison you can make is with other storage facilities in the 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.
In Ontario, self storages rents at an average rate of $48.89 a month. For you long-term storage seekers out there, that's about $586.68 per year. Keep in mind though that prices for all unit sizes in Ontario were included when calculating that figure, so comparing it any individual unit will do you little good. The prices you'll actually see on units will largely depend upon their size. In Ontario you'll have the option of renting six standard storage unit sizes, such as 5x5, 5x10, 10x10, 10x15, and 10x20. The average rental rates for each size of storage unit found in Ontario are:
|Storage Unit Size||Average Price in Ontario, CA|
As storage prices are closely tied to local real estate prices, it makes sense that rental rates can often differ substantially even in neighboring cities. Storage facilities just on the periphery of your current search might have some great rental rates, and you'll only find them if you search a little more broadly. The longer trip to the facility could easily be worth the monthly savings, particularly if you only plan on accessing your unit occassionally. If the average price of self storage (which includes facilities called mini storage or public self storage) is higher in Ontario, then you'll definitely want to expand your search. So is it?
Ontario is the 217th most expensive city for self storage in the state of California, with the average price of a storage unit there coming in at $48.89. California itself is the 9th most expensive state for storage. When searching for storage in Ontario, expect to pay $42.47 less than California's average price of $91.36.
But average prices don't necessarily tell you how affordable storage is in a given city, as money goes further in some states than it does in others. That's why we've developed a 'relative price' scale that takes state median income into account. Given that the average price of a storage unit in Ontario is $48.89 and the median income in California is $54,681.00 a year, we can determine that a storage unit would require 1.07% of a median earner's monthly paycheck. Compared to the price of storage as a percent of income in all California cities, Ontario ranks at the 14th percentile, which means that self-storage here is very affordable.
In addition to being very cheap at the state level, storage in Ontario is also very cheap on the national scale, ranking at the 19th percentile when compared to other cities nationwide. To put that in more concrete terms, storage in Ontario should cost an average of $23.26 less than the national average price of 72.15.
Do you want to find a surprisingly-affordable self storage unit in Ontario, CA? You'll find the best bargains on storage during January within the 91762 ZIP code. If you can, try not to conduct your storage search during February, and be mindful of the fact that 91764 area is pricier than other areas.
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, Ontario had an average home value of $299,000 which in the past year is up 0.287%.