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Austin is known across the nation for its unofficial slogan, Keep Austin Weird, and while the locals may have grown tired of being branded, the city is indeed strange. Not strange like Houston for its diversity, or San Antonio for its Old World atmosphere, but strange in how opposite the ingredients that make Austin up are. It sports the Texas State Capitol, complete with its attendant buttoned-up legislators and lobbyists, but it's also home to numerous nationally-known music and art festivals (like Austin City Limits and South By South West), the University of Texas and its 60,000 undergrads, a bawdy nightlife district, a Formula One race track, a burgeoning tech and startup industry, and is endowed with a green, forward-thinking ethos. If you're moving to Austin--and many people are, it being one of the fastest-growing cities in the United States--none of this will be news to you. But do you know which month of the year is best for getting a deal on a storage unit in Austin?
As self storage is a seasonal industry, the rates you're seeing now may be very different from those on the same unit at the same facility a few months down the road. Peaking in May through September, when most people in the United States move, and dropping to their lowest in October through March, when far fewer people move homes, storage prices and closely linked to moving patterns. 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. University towns often see the sharpest seasonal spikes, as college students rent a significant number of storage units when they go home during their summer break. Smaller sized units in particular will see a rise in price during this period.
According to our data, there's very little change in the average price of a storage unit throughout the year in Austin, meaning you shouldn't have to put too much thought into seasonality when looking for your unit. 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 Austin during the month of July, where they hit an average price of $88.48, while prices are at their lowest in May, where they go for a low $71.82 a month.
Some storage seekers are able to find much cheaper rates by looking in nearby communities in addition to their own. 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. The sum you'll save each month could totally be worth the extra drive, especially if you'll only need to visit your unit on the rare occasion. If we can show that self-storage (also known as public self storage and mini storage) in Austin is more expensive than its surroundings, then you'll know to expand your search.
Austin is the 73rd most expensive city for self storage in the state of Texas, with the average price of a storage unit there coming in at $72.25. Texas itself is the 22nd most expensive state for storage. In more exact terms, storage in Austin costs an average of $0.78 less than the average storage unit in Texas, which goes for 73.03.
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. A storage unit in Austin will on average cost 1.77% of a median earner's monthly income, given that the yearly median income in Texas is $48,902.00. When we compare this storage price as a percent of income to other cities in Texas, we find that it ranks in the 59th percentile, making it a fairly expensive place to rent storage.
The same holds true on a national scale, where storage in Austin is comparatively somewhat expensive, ranking at the 57th percentile among cities nationwide. Expect to pay $0.10 more than the national average of $72.15 when searching for self storage in Austin.
Much like real estate, self-storage prices can change drastically within the space of a few miles in Austin. Storage is cheapest in the 78726 ZIP code in Austin, where the average rental price is $74.68. The 78734 ZIP code, on the other hand, is the highest-priced neighborhood in Austin, with an average price of $4,186.33 for a unit.
It's hard to tell a good price on storage from a great one when you're unaware of how much self storage in Austin should cost in the first place. Since unit prices can change dramatically from one city to the next, the only real measure you have is other facilities in the immediate area. In order to help you go into your storage search as informed as possible, we've had our storage analysts go over all the data on Austin we have available.
Self storage units in Austin go for an average monthly price of $72.25. That's $867 a year, for those of you whose storage needs are of a lengthier nature. Note that this is the average price regardless of size and shouldn't be taken too literally. The price you end up paying will depend on the size of the unit you decide to book. There are six standard sizes of storage units in Austin, including: 5x5, 5x10, 10x10, 10x15, 10x20, and 10x30. The average prices for each size of storage unit found in Austin are:
|Storage Unit Size||Average Price in Austin, TX|
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. How many facilties are operating in Austin?
In total, 99 Austin storage businesses have listed themselves on our self-storage facility network. If you were wondering how that compares to other cities in the state, it's a very high number of facilities for a city: the average city in Texas offers only 16 storage facilities, 83 less than Austin. Austin also boasts the 7th highest count of storage facilities out of all 179 cities in Texas, making up 3.45% of the state's facility count. And Austin doesn't just have a lot of storage facilities for its state, either: it also surpasses the national average of 9 facilities per city by 90.
'But what about self storage facilities per capita?', you might be thinking. Comparing Austin to other cities in Texas irrespective of population does, indeed, make little sense. Austin, TX has approximately 786,386 inhabitants. Do the 99 storage businesses there offer the community enough storage space? Considering that cities with populations of 250,000 to 1,000,000 average 49 storage facilities, we feel fully confident in saying that Austin--which offers 50 more facilities--has plenty of extra storage space for its size. 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 Austin's 786,386 people--a figure which seems to have challenged our finding that there's plenty of storage to be had there. In comparison with cities across the country, Austin's 99 self-storage facilities for its 786,386 residents ranks it in the 33rd percentile for facilities per person, meaning that there's relatively-little extra storage space for its residents. If we restrict our scope down to the state level, we get similar results: for cities in Texas, Austin only ranks in the 21st percentile, meaning that Austin has little per capita storage space even compared to other cities in its state.
We can't feel satisfied concluding our look at facilities per capita without mentioning the fact that Austin is seeing some modest population growth. The city saw 16.9% more people move there from 2000-2010. Though that's not insignificant, it is 3.7% less growth than the 20.6% that Texas in total saw. But remember that, despite the fact that population growth probably isn't generating a great amount of demand for storage in Austin, the city already has relatively few facilities for the size of its current population.
Are you searching for the best possible rate on a self storage unit in Austin, TX? You can find the best prices on storage in May within the 78726 ZIP code. Try not to start your search in July, the most expensive month, and be mindful of the fact that 78734 area is pricier than other areas.
Austin self storage typically costs between $60 and $350 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, Austin had an average home value of $299,900 which in the past year is up 0.126%.