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Storage prices often follow real estate trends, which means that certain areas of Chicago can be significantly more or less expensive than others. The best prices on storage in Chicago can be found in the 60649 ZIP code. Units there average $65.00 a month. Rental rates are most expensive in the 60614 ZIP code, where they go for an average $286.93 per month.
Finding a great price on a storage unit in Chicago can be difficult if you don't know how much units in the area typically cost. With rental rates being as dependent upon the facility's location as they are, comparing prices at facilities in Chicago with those in other cities you might have rented a storage unit in in the past will do you little good. Which is precisely the reason we've had the SelfStorage.com analysts dig through all the data in order to bring back the crucial information you need to book a unit in Chicago.
Storage businesses in Chicago rent out their units at an average price of $86.16 a month. That monthly rental rate would come out to a yearly price of about $1033.92, should you be thinking of renting for that length of time. Nut before you take that figure as a definitive starting point, note that it is the average for all sizes taken together, and so shouldn't be used as the basis for your search. Prices for the various unit sizes are, of course, very different from each other. In Chicago you'll have the option of renting six standard storage unit sizes, such as 5x5, 5x10, 10x10, 10x15, 10x20, and 10x30. Below you'll find the average monthly price per size:
|Storage Unit Size||Average Price in Chicago, IL|
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. Storage prices generally reach their peak during the period from May to September, coinciding with moving season. 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 towns often see more radical seasonal swings, as their student populations drive demand on smaller units in particular up during the summer.
Those looking for storage in Chicago shouldn't have to worry as much about seasonal prices swings, as according to our data these swings are much less extreme here than elsewhere. Even so, it's often a good idea to book at the lowest price and then lock in that rate with the facility. Storage prices are at their highest in Chicago during the month of October, where they hit an average price of $89.22, while prices are at their lowest in April, where they go for a low $62.82 a month.
Just like real estate prices, prices on storage can be totally different in different parts of the same city. 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. The extra drive to the facility could very well be worth the monthly savings. If the average price of self storage (which includes facilities called mini storage or public self storage) is higher in Chicago, then you'll definitely want to expand your search. So is it?
An average price of $86.16 a month for a storage unit makes Chicago the 40th most expensive city in Illinois for self-storage, while Illinois itself is the 12th most expensive state. In general, storage units in Chicago go for $1.80 more than the state average of $84.36.
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. In Illinois, the median income is $51,483.00 a year, which would make the average $86.16 unit in Chicago cost 2.01% of a median earner's monthly income. This is a relatively-large percentage of income compared to other cities in Illinois, ranking in at the 66th percentile statewide. We have to conlude from this that storage in Chicago is somewhat expensive.
In addition to being somewhat expensive at the state level, storage in Chicago is also somewhat expensive on the national scale, ranking at the 68th percentile when compared to other cities nationwide. To put that in more concrete terms, storage in Chicago should cost an average of $14.01 more than the national average price of 72.15.
Successfully booking the storage unit you're looking for will have much to do with the number of self storage businesses in your city, as the more facilities there are the more options you'll have available. So how many storage businesses are located in Chicago?
According to our estimates, there are approximately 120 storage businesses operating facilities in Chicago. On average, cities in Illinois are home to only about 5 storage facilities, a full 115 less than Chicago's 120, meaning coverage in Chicago is reasonably high. It makes sense then that Chicago is also the 1st largest in terms of facilities out of all 119 cities in Illinois listed on our storage network, accounting for approximately 20.55% of self storage facilities listed in that state. The same holds true on a national level: Chicago is home to 111 more facilities than the US average of 9 facilities per city.
On the other hand, comparing the total number of storage facilities in one city to another irrespective of the number of people that live in each city makes little sense, even when we're comparing Chicago to other cities in Illinois. We ought to be comparing Chicago, with its population of 2,851,268, to cities of similar size. Chicago, as it turns out, has a moderately-high amount of storage space for a city its size. The average for cities in its 1,000,000 and above population bracket is 50 facilities, which is, of course, 70 fewer than Chicago's 120. It is important to note that comparing cities of like size might not be the best measure, and that a more accurate conclusion might be had by looking at how many facilities there are for Chicago's 2,851,268 people--a figure which seems to have challenged our finding that there's plenty of storage to be had there. Chicago places in the 7th percentile for self storage facilities per capita among cities across the country. That very low rank indicates that the 120 storage businesses serving the 2,851,268 people living in Chicago is not a very large number of facilities after all, and may mean that finding the right unit in Chicago isn't as easy a task as it is elsewhere. Even if we restrict our scope of comparison to the state level, Chicago doesn't seem to offer its population as much storage space as other cities do, attaining a low rank in the 9th percentile for facilities per capita among cities in Illinois.
To conclude our discussion of storage facilities per capita, it's worth noting that Chicago's population has been dwindling over the past few years. In the decade span between the 2000 and 2010 censuses, Chicago experienced a 1.5% decrease in inhabitants. During that same span, however, the state of Illinois took on 3.3% more people. Although demand for storage might be lower in Chicago compared to other cities due to its lower rate of growth, keep in mind that the city still has fewer facilities per capita than most other cities in Illinois.
Are you trying to reserve a super cheap self storage unit in Chicago, IL? April offers the lowest prices on storage, while the least expensive area for storage is the 60649 ZIP code. Do your best to avoid searching in October, when storage prices climb the highest, and be alert to the fact that the 60614 area is the priciest in Chicago for storage.
With space at a premium in many parts of Chicago, it's no wonder that more and more people are turning to Chicago self storage companies to save money. People living in apartments and student housing take advantage of self storage in Chicago to make up for a lack of space in their homes, while businesses are turning to Chicago storage units to decrease overhead during a lean economy. SelfStorage.com helps you research storage units in your area, compare prices, and book a unit from one website.
Chicago is home to many colleges and universities, including three top-tier institutions. Students at the University of Chicago, Northwestern University, and University of Illinois at Chicago utilize Chicago storage units to store belongings that won't fit in dorms. Many students also move their furnishings to a self storage unit in between semesters for summer storage if they return home.
To find storage units near the University of Chicago's main campus and residence halls, enter zip code 60637 into the SelfStorage search bar. Although there are storage units available near campus, you can save about $40 per month by renting units 10 miles north of campus in the Lincoln Park area.
The main campus of Northwestern University is located in Evanston, IL, a suburb north of Chicago. Search SelfStorage using zip code 60208 to find storage units near the Northwestern campus. You'll find that storage units outside the city limits are less expensive than those closer to downtown Chicago.
The University of Illinois at Chicago is located in Chicago's Near West Side community area in zip code 60607. You can save money on Chicago storage units in this area by renting smaller units, with some facilities offering 1x1 or 2x3 units. Use containers that can be easily stacked to take advantage of vertical space in a storage unit.
In addition to searching for storage units near your zip code, SelfStorage also allows you to search for storage facilities that offer climate-controlled units. The extreme cold of Chicago winters can damage computer monitors and TV screens and warp furniture. You should consider climate-controlled self storage in Chicago if you plan to store any type of electrical equipment. Climate control can also prevent mold, mildew and rust during Chicago's humid summer months.
To find Chicago self storage in Chicago that offers climate control, enter your zip code into the search bar on SelfStorage.com. Then narrow your search by selecting "climate control" from the list of additional features & amenities. You can now compare the price of climate-controlled units in your area by distance and size. While climate control will cost more per month, you may be able to offset the rate increase by choosing a unit outside of the Loop or in a nearby suburb. Although this will require a farther drive to access your storage unit, your belongings will be safe from the extreme weather that often occurs in Chicago.
Chicago, IL self storage typically costs between $21 and $435 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, Chicago had an average home value of $209,000 which in the past year is up 0.142%.