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, 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 single busiest day for self-storage businesses is typically the notorious 'National Moving Day' (which facility operators have dubbed 'Crazy Tuesday' for the chaotic scene at many facilities) 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.
Las Vegas isn't nearly as affected by seasonal change as most other cities are, the average price of storage remaining relatively stable throughout the year. Despite the low level of seasonality, those looking for a self storage unit may still want to lock in their price at the time of booking. You're most likely to get a good deal on a storage unit in Las Vegas during the month of June, when the average price is at its lowest, $55.63 a month. You're least likely to get a good deal in February, when the average price is a high $79.7.
Self storage rates being as highly-dependent on the real estate market as they are, it should come as no surprise that prices can change dramatically within the space of a few miles. A more expansive search could help uncover some hidden storage gems. The extra drive to the facility could very well be worth the monthly savings. If we can show that self-storage (also known as public self storage and mini storage) in Las Vegas is more expensive than its surroundings, then you'll know to expand your search.
Las Vegas is the 5th most expensive city for self storage in the state of Nevada, with the average price of a storage unit there coming in at $60.44. Nevada itself is the 44th most expensive state for storage. In more exact terms, storage in Las Vegas costs an average of $4.94 more than the average storage unit in Nevada, which goes for 55.50.
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 Las Vegas is $60.44 and the median income in Nevada is $49,929.00 a year, we can determine that a storage unit would require 1.45% of a median earner's monthly paycheck. When we compare this storage price as a percent of the local median income to other cities in Nevada, we find that it ranks in the 66th percentile, making it a moderately expensive place to rent storage.
Nationally, however, self-storage in Las Vegas is actually relatively cheap, ranking at the 41st percentile. To put that in more concrete terms, storage in Las Vegas should cost an average of $11.71 less than the national average price of 72.15.
It can be difficult to figure out if a certain storage facility's offered price is any good if you don't know how much a unit in Las Vegas ought to cost in the first place. Storage prices can shift dramatically from one city to another, so knowing the standard for a specific area can be difficult without prior experience booking storage there. But don't worry: SelfStorage.com has all the data you need in order to go into your storage search well informed.
Self storage rental rates average $60.44 a month in Las Vegas. If your storage needs are longer-term, keep in mind that that would equate to an average price of $725.28 per year. This average does include all storage unit sizes, which means that it should be taken with a grain of salt. The amount you'll actually end up paying will depend on the size of the unit you decide to rent. The standard sizes of storage units in Las Vegas are: 5x5, 5x10, 10x10, 10x15, 10x20, and 10x30. For each standard unit size, the average rental rate in Las Vegas is:
|Storage Unit Size||Average Price in Las Vegas, NV|
Self Storage rates can change dramatically from one neighborhood to the next in Las Vegas. Storage is cheapest in the 89115 ZIP code in Las Vegas, where the average rental price is $51.53. You might want to avoid searching in the 89110 ZIP code, which, with its average unit price of $221.00 a month, is the priciest place for self storage in Las Vegas.
Over the course of your search you'll likely be comparing a number of facilities against one another to find the right option for you. Most would agree that the more storage businesses there are to compare, the better. After all, who doesn't like options? About how many storage facilties are serving the Las Vegas area?
SelfStorage.com has 151 storage facilities in Las Vegas, NV listed on its network. When compared to other cities in Nevada, there are a very large number of facilities operating in Las Vegas. The average Nevada city is home to only 22 facilities, 129 less than in Las Vegas. In fact, Las Vegas's 151 facilities give it the 1st-highest count in the state out of all 13 cities. It's home to a surprising 53.74% of all facilities in Nevada. How does Las Vegas fare against cities outside of Nevada? On a national scale, it still has more facilities than the average city, 142 more than the average 9, to be more precise.
But of course, comparing Las Vegas to other cities in Nevada or across the nation regardless of population tells us very little. Are the 151 storage facilities providing the 567,641 people living in Las Vegas with enough storage space? As it turns out, Las Vegas actually does have a large amount of storage space for its size. Nationwide, cities with populations of 250,000 to 1,000,000 have an average 49 storage facilities, which is of course 102 less than the 151 found in Las Vegas. Las Vegas's above average number of facilities seems to be verified when we look at the actual per capita number of facilities. On a per capita basis, Las Vegas ranks in the 57th percentile nationwide, so there's a fairly-high amount of storage space for the 567,641 people living in Las Vegas. But if Las Vegas appeared to have a large amount of storage space for a city on the national scale, it doesn't in Nevada, where it only ranks in the 41st percentile.
Lastly, census data shows that Las Vegas is growing in population, though not as fast as the rest of its state. It saw a 17.1% increase from 2000 to 2010, a 18% less than the 35.1% growth that Nevada saw as a whole. Recall, however, that Las Vegas also had a low number of storage facilities per person for its state, so while there might not be as much demand generated by inbound migration, demand may already be high due to its short supply.
Are you seeking out the lowest monthly rate on a self storage unit in Las Vegas, NV? June is the best month to search for storage, and the best place to look for cheap storage is the 89115 ZIP code. Try not to start your search in February, which is the most expensive time to book a unit, and be warned that the 89110 area has the worst prices.
Las Vegas, NV self storage typically costs between $20 and $229.95 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, Las Vegas had an average home value of $170,000 which in the past year is up 0.271%.