Self Storage in Renton, WA: Frequently Asked Questions
How much should I expect to pay for a self storage unit in Renton, WA?
How can you hunt for a cheap storage unit if you don't know how much one in Renton should cost? After all, storage prices can vary widely from place to place, so the only comparison you can make is with other facilities in the 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 Renton we have available.
Expect to pay an average of $96 a month for a storage unit in Renton. If your storage needs are of a longer term, remember that at those rates you'll be paying approximately $1152 a year. Do keep in mind, though, that that average is for all unit sizes in Renton together, so comparing it to individual units will do you little good. Larger units can be more than twice as expensive as the smaller sizes. In Renton you'll have the option of booking six standard storage unit sizes, such as 5x5, 5x10, 10x10, 10x15, 10x20, and 10x30. The following are the average prices for each size:
|Storage Unit Size||Average Price in Renton, WA|
How many self storage facilities are there in Renton, WA? Are there plenty of options available?
Finding storage is a game of numbers, and one important number is that of the amount of storage facilities in your city. More facilities bring more options, so the odds of finding the perfect unit increase as the number of facilities in your area does. In terms of the number of storage businesses in Renton, are there plenty of options available, or few?
According to our estimates, there are approximately 13 storage businesses operating facilities in Renton. That's slightly higher than most other cities in Washington, where each city averages 10 facilities, 3 less than what's available in Renton. Renton also boasts the 14th highest count of storage facilities out of all 70 cities in Washington, making up 1.89% of the state's facility count. Renton also has a large number of facilities for a city on the national scale, with 4 more facilities than the national average of 9.
But of course, comparing Renton to other cities in Washington or across the nation regardless of population tells us very little. We ought to be comparing Renton, with its population of 62,002, to cities of similar size. It turns out that the average city in the 50,000 to 100,000 population bracket has 11 self-storage facilities listed on our network. That's 2 fewer facilities than are listed in Renton, leading us to conclude that Renton is slightly above-average among cities of similar size. When we next look at Renton's actual per person self-storage facility count, our former conclusions seem to be substantiated beyond any reasonable doubt: the Renton community has plenty of facilities for its size. Among cities nationwide, Renton ranks in the 51st percentile for the number of storage units per capita, offering its 62,002 residents a moderately-high amount of storage space. But having a larger amount of storage space per capita on the national scale is not the same on the state level, and in Washington Renton does not get as stellar results, ranking in only at the 23rd percentile for self-storage businesses per capita.
Our discussion of facilities per capita can't be completed without mentioning Renton's rapid population growth from 2000-2010, a period over which it took on 20.4% more people. That's a 6.3%-higher growth rate than Washington, which grew by 14.1%, saw as a whole. The new demand created by population growth might overwhelm the storage industry in some cities, but keep in mind that despite that growth, Renton still offers a high number of facilities per person and should thus be better equiped to meet any added demand.
Are some areas of Renton more inexpensive for storage than others?
Storage prices often follow real estate trends, which means that certain areas of Renton can be significantly more or less expensive than others. Storage is cheapest in the 98056 ZIP code in Renton, where the average rental price is $133.38. The priciest part of town to rent storage in is the 98059 ZIP code, where rates average $154.39 per month.
How much should I expect my storage rental rates to be in Renton?
Much like real estate values, storage prices can be totally different on one side of a city as they are on another. This should be of little surprise given storage's conection to the real estate industry. The more expansive your search, the more facilities you'll be able to compare, and the more options you'll have. Though you may have to travel farther to access your unit, the additional savings might just be worth it. If we can show that self-storage (also known as public self storage and mini storage) in Renton is more expensive than its surroundings, then you'll know to expand your search.
An average price of $96 a month for a storage unit makes Renton the 17th most expensive city in Washington for self-storage, while Washington itself is the 21st most expensive state. To give you a better idea of what this means, Renton's average price is $21.98 more than the state average of $74.02.
An average price alone, however, doesn't tell you if storage is or isn't more affordable in one city versus another, as the cost of living will also be different. 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. The median income in Washington is $57,392.00, which means the average storage unit in Renton would require 2.01% of a median earner's monthly income. This is a very high percentage of income compared to other cities in Washington, ranking in at the 76th percentile statewide, which leads us to conclude that storage in Renton is not cheap.
The same holds true on a national scale, where storage in Renton is comparatively somewhat expensive, ranking at the 68th percentile among cities nationwide. Expect to pay $23.85 more than the national average of $72.15 when searching for self storage in Renton.
What are the cheapest months to rent storage in Renton, WA? Which months are most expensive?
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. The high season is considered to be in full swing on National Moving Day, also called 'Crazy Tuesday,' the day after Memorial Day. Those looking for storage in areas with a large population of college students might find that seasonality affects prices on smaller unit sizes in particular, as students book 5x5s and 5x10s to store their things while they go home for the summer.
The high season isn't as relatively high, nor the low season as low, in Renton, where according to our data seasonality has a lesser effect on storage prices. 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. Your chances of getting a low price on a storage unit in Renton are highest during April, when the average rental rate drops to a low $60. Your chances are lowest during May, which with an average price of $116 is the most expensive time to book a unit.
SELF STORAGE IN RENTON, WA: THE BOTTOM LINE
Are you seeking out a decidedly cheap self storage unit in Renton, WA? Then book a unit in April within the 98056 ZIP code. Do your best to avoid searching in May, when unit prices are at their highest, and be cognizant of the fact that the 98059 area has the highest prices.