If you do your comparison shopping for storage units a few months from now, you might be surprised to see that prices have changed. That's because the self storage market is highly seasonal. Late spring to late summer is typically considered the high season, while fall, winter, and early spring are when prices are usually at their lowest. The high season is considered to be in full swing on National Moving Day, also called 'Crazy Tuesday,' the day after Memorial Day. College towns often see more radical seasonal swings, as their student populations drive demand on smaller units in particular up during the summer.
Alexandria is not as affected by seasonality as other cities, with storage prices experiencing smaller price fluctuations than elsewhere. Sudden seasonal price swings could of course still happen, and one of the best ways to prevent your rates from exploding is by locking them in for the entirety of your stay when you first sign the contract with the facility. September is the least expensive month for storage in Alexandria, with an average price of $47.6 for a storage unit. October is the most expensive month, when storage goes for an average rate of $130.
It's often true that certain areas in a city offer much lower storage rental rates than others. 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 extra drive to the facility could very well be worth the monthly savings. That being said, if we can determine that self-storage (which also goes by mini storage and public storage) prices are lower in Alexandria than in other nearby cities, we can make it easier for you to decide whether or not to take the time on a wider search.
Alexandria's average price of $95 a month for a unit ranks it as the 8th most expensive city for self-storage in Louisiana, which itself ranks as the 19th most expensive state for storage. To give you a better idea of what this means, Alexandria's average price is $19.83 more than the state average of $75.17.
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. We use our 'relative price' scale to calculate the relative affordability of storage in a given area using the state median income. In Louisiana, the median income is $40,599.00 a year, which would make the average $95 unit in Alexandria cost 2.81% of a median earner's monthly income. This is a very high percentage of income compared to other cities in Louisiana, ranking in at the 82nd percentile statewide, which leads us to conclude that storage in Alexandria is not cheap.
The same holds true on a national scale, where storage in Alexandria is comparatively very expensive, ranking at the 86th percentile among cities nationwide. Nationwide, storage costs an average $72.15 a month. Expect to pay about $22.85 more than that for self storage in Alexandria.
Certain areas of Alexandria can be significantly cheaper or more expensive for storage than others. The 71303 ZIP code offers the best rates on storage in Alexandria, with an average price of $63.13 a month. The most pricey part of town to rent storage in is the 22304 ZIP code, where rates average $173.53 per month.
It's hard to tell a good price on storage from a great one when you're unaware of how much self storage in Alexandria should cost in the first place. Storage prices can shift significantly from city-to-city, so knowing what's standard for an area can be difficult. In order to help you along your storage search the analysts at SelfStorage.com have crunched the numbers and processed the data so that you can know what kind of prices to expect.
On average, a storage unit in Alexandria goes for $95 a month. If you're thinking of renting a unit for the long term, that's approximately $1140 per year. That average doesn't discriminate by size, so it shouldn't be taken as an extremely accurate figure. The actual price will largely depend upon the size of unit you're looking for. The standard sizes of storage available in Alexandria include 5x5, 5x10, 10x10, 10x15, and 10x20. The average prices for each are:
|Storage Unit Size||Average Price in Alexandria, LA|
A greater number of storage facilities equates to more available storage space, so the number of facilities operating in your city will be one of the most important factors in your storage search. How many facilties are operating in Alexandria?
According to our estimates, there are approximately 22 storage businesses operating facilities in Alexandria. Other cities in Louisiana are home to an average 11 facilities, 11 less than Alexandria, meaning Alexandria's storage coverage is slightly-higher than average. Out of all 42 cities in Louisiana listed on the SelfStorage.com network, Alexandria ranks as the 7th-highest in terms of number of storage businesses, accounting for 4.6% of facilities. Outside of Louisiana, Alexandria still has a sizeable supply of storage facilities, 13 more than the 9 that other cities across the nation average.
But of course, there are vast differences in population between Alexandria and other cities in Louisiana, and even more so nationwide, so not controlling for population makes little sense. The population of Alexandria, LA is 48,849. With 22 self-storage facilities, does Alexandria offer relatively good or bad storage coverage? Alexandria offers tons of storage space for a city its size: other cities with populations 25,000 to 50,000 average only 7 storage facilities, while Alexandria offers 15 more than that. But then again, such a population bracket covers a wide range of cities. A more accurate measure would be Alexandria's per capita facility count--a measure which has verified our former results, showing Alexandria to indeed have plenty of storage space for its population. Per capita, Alexandria ranks in the 74th percentile for storage facilities compared to cities across the country. That means there's a reasonably-high amount of storage space in Alexandria compared to other cities. Compared to other cities in its state, Alexandria still offers its inhabitants more storage space than most other cities, placing at the 63rd percentile for Louisiana cities.
Another thing about Alexandria we feel we should mention is that it's growing, and rapidly, having seen its population increase by 5% between the 2000 and 2010 census, a 3.6% higher growth rate than the 1.4% the state of Louisiana experienced as a whole. But though the people moving into Alexandria may generate more demand for storage units, remember that the city does have a high number of storage businesses per capita, which should help balance that added demand out.
Trying to reserve an outstandingly inexpensive self storage unit in Alexandria, LA? September offers the lowest prices on storage, while the cheapest units can be found in the 71303 ZIP code. The absolute worst time to look for storage is October, when unit prices are at their highest, and beware that the 22304 area is costlier 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, the average price of a home in Alexandria is $159,000.