Self Storage in Orlando: FAQ
It often seems impossible to mention Orlando without naming off its world-class resorts and amusement parks, and we're not going to buck that trend: Walt Disney World, Universal Studios, and SeaWorld. There, we've got it out of our system. Now we can move on to those things that other often miss, like the fact that the University of Central Florida, the second-largest university in terms of enrollment, calls the city home, or that it's one of the best places in the US to snag a fresh orange and is pockmarked with lakes. Sure, you're probably well aware of all of that, do you know how much the average storage unit rents for?
Is Orlando well-covered when it comes to the number of storage facilities? Or are my options to choose from few?
The more facilities there are in the area you're searching, the more options you'll have. So does Orlando offer plenty of options when it comes to different storage facilities?
Analysts at SelfStorage.com report that there are an estimated 51 storage facilities located in the Orlando area. On average, cities in Florida are home to only about 10 storage facilities, a full 41 less than Orlando's 51, meaning coverage in Orlando is reasonably high. It should come as no surprise then that Orlando has the 5th-highest count of facilities out of all 173 cities on our network in Florida, acting as home to 3.09% of facilities in Florida. Orlando also has a large number of facilities for a city on the national scale, with 42 more facilities than the national average of 9.
But of course, comparing the raw number of storage facilities in Orlando to other cities in Florida and nationwide without taking population into account tells us very little. Orlando, FL has approximately 235,860 inhabitants. Do the 51 storage businesses there offer the community enough storage space? As it turns out, Orlando actually does have a large amount of storage space for its size. Nationwide, cities with populations of 100,000 to 250,000 have an average 18 storage facilities, which is of course 33 less than the 51 found in Orlando. When we next look at Orlando's actual per person self-storage facility count, our former conclusions seem to be supported beyond any reasonable doubt: the Orlando community has plenty of facilities for its size. Among cities nationwide, Orlando ranks in the 52nd percentile for the number of storage units per capita, offering its 235,860 residents a moderately-high amount of storage space. The same goes for Orlando when we compare it to other cities in Florida: just as it achieves a high rank for per capita storage facilities versus cities nationwide, it ranks in the 52nd percentile for cities in Florida.
In discussing facilities per capita, we also feel that we should mention the fact that Orlando's population is growing, and by a significant margin. Its population saw a 21.1% increase in the first decade of this century, which is 3.5% more than the 17.6% increase the whole state of Florida experienced. Fortunately enough, Orlando has that high level of facilities per person, which should help to mitigate any spikes in demand caused by a migration into the city.
Self storage prices in Orlando, FL seem to spike sharply during the month of June. If that's the most expensive month, which one is cheapest?
Finding and locking in a good monthly rate on your self storage unit has a lot to do with the time of year you book it, as prices vacillate from season to season. This seasonality, which is primarily generated by national moving patterns, hits its zenith in the late spring and early summer, and its nadir in the fall and winter. The day after Memorial Day (which those in the moving and storage industries often refer to as 'Crazy Tuesday') is typically seen as the start of the high season and is frequently the most expensive day to rent storage during that season. Seasonal prices are often even more extreme in college towns, where students book a large number of self storage units during their summer vacation.
According to our data, there's very little change in the average price of a storage unit throughout the year in Orlando, meaning you shouldn't have to put too much thought into seasonality when looking for your unit. Still, booking during the low season and locking in your price with the facility is an important part of getting a good deal on self storage. The best month to go searching for storage in Orlando is April, when the average unit goes for a low $54.11 a month. The worst month, on the other hand, is June, when units hit a high of $83.53.
Where can I find the best bargains on storage units in Orlando, Florida?
As they are closely linked to real estate prices, self storage unit prices can be very different in one part of Orlando to another. Look for a cheap unit in the 32818 ZIP code, where the average price of $78.23 is the lowest in Orlando. The 32810 ZIP code, on the other hand, is the most expensive place in Orlando, with an average price of $149.53 for a unit.
What's a typical rental rate for Orlando storage?
If this is your first time searching for a storage unit in Orlando you might not know what kind of prices to expect. Your past experiences booking storage in other cities will be of little help here, as the average price of a storage unit in one city could be $100 higher than the next. That's why we've had our analysts at SelfStorage.com analyze all the data you might need to find a cheap unit in Orlando.
Prices on storage in Orlando average $57.88 per month. That monthly rate would come out to a yearly rate of $694.56, should you be thinking of renting long term. That average doesn't discriminate by size, so it shouldn't be taken as an extremely accurate figure. There can be, and often are, substanial price differences between different unit sizes. In Orlando you'll have the option of booking six standard storage unit sizes, such as 5x5, 5x10, 10x10, 10x15, 10x20, and 10x30. For each standard size, the average price in Orlando is:
|Storage Unit Size||Average Price in Orlando, FL|
Is self storage in Orlando cheaper or more expensive than other cities in Florida?
Just like real estate prices, prices on storage can be totally different in different parts of the same city. One of the best pieces of advice we can give customers looking for the cheapest storage in their area is to expand the breadth of their search. Depending on how often you'll need to access your unit, this could be the way to go. We've had our analysts go over the data on self-storage (sometimes known as public self storage or mini storage) in Orlando to see how it compares with other cities in its state.
With its average price of $57.88 a month for a unit, Orlando is the 116th most expensive city for self-storage in the state of Florida, which itself is the 15th most-expensive state for storage. To give you a better idea of what this means, Orlando's average price is $20.75 less than the state average of $78.63.
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. To give you a better idea of affordability, we've created a 'relative price' scale that estimates how expensive storage is for median income earners in that state. Given that the average price of a storage unit in Orlando is $57.88 and the median income in Florida is $45,281.00 a year, we can determine that a storage unit would require 1.53% of a median earner's monthly paycheck. Compared to the price-as-percent-of-income in other Florida cities, Orlando ranks at the 32nd percentile, making storage here relatively affordable.
The same holds true on a national scale, where storage in Orlando is comparatively relatively cheap, ranking at the 45th percentile among cities nationwide. Expect to pay $14.27 less than the national average of $72.15 when searching for self storage in Orlando.
THE BOTTOM LINE ON ORLANDO SELF STORAGE:
Do you want to find a budget self storage unit in Orlando, FL? April is the best month to find inexpensive storage, while the greatest bargains will be located in the 32818 ZIP code. If you can, try not to conduct your storage search during June, when the cost of storage is at its apogee and remember that the 32810 area has the steepest prices.