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Just as home prices will differ from neighborhood to neighborhood in Milwaukee, so will self-storage rates. The cheapest place for storage in Milwaukee is within the 53212 ZIP code, where prices average $71.00 a month. The most pricey part of town to rent storage in is the 53209 ZIP code, where rates average $126.63 per month.
You'll have a hard time telling a good price on storage from a great price when you're unfamiliar with how much self storage in Milwaukee typically costs to begin with. Even though you may have booked storage units in other cities in the past, prices could be quite different in your current location, which makes it difficult to know what the standard price is. Which is why, in order to ensure that you go into your storage search as well informed as possible, we've gone ahead and processed the data for you.
Storage businesses in Milwaukee rent out their units at an average price of $87.73 a month. If your're in need of storage for a longer term, remember that at that rate a unit will cost you approximately $1052.76 a year. Note that this average disregards the different unit sizes and so shouldn't be taken too literally. Prices for the various unit sizes are, of course, very different from each other. The standard sizes of storage units available in Milwaukee include 5x5, 5x10, 10x10, 10x15, and 10x20. The average rental rates for each size of storage unit found in Milwaukee are:
|Storage Unit Size||Average Price in Milwaukee, WI|
The demand for storage being as highly seasonal as it is, moving between highs and lows throughout the year, the season you decide to book a unit during can have as much affect on the price you pay as any other factor. 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. National Moving Day (the day following Memorial Day) is typically seen as the first real day of the high season and is often the busiest day of the year for storage facilities. College towns often see more radical seasonal swings, as their student populations drive demand on smaller units in particular up during the summer.
Expect the price of a storage unit to remain relatively stable throughout the year in Milwaukee. According to our numbers, seasonal demand is not as extreme here as in other cities on our network. 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. Shop for self storage in Milwaukee during April to get the best price, when units go for an average of $40. Prices reach their highest in December, which at an average price of $98.18 a month you might want to avoid.
If your area is well-served by a large number of facilities, finding the right unit might be easier for you than for others in communities where less storage space is on offer. How many facilties are operating in Milwaukee?
Based on our data, we estimate that there are about 38 storage facilities doing business in the Milwaukee, WI area. 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 Wisconsin offers only 7 storage facilities, 31 less than Milwaukee. In fact, Milwaukee's 38 facilities give it the 1st-highest count in the state out of all 20 cities. It's home to a surprising 29.24% of all facilities in Wisconsin. But what about on a national scale? Even then, Milwaukee has more storage facilities than the average city, 29 more than the average 9, to be exact.
Since, however, there are huge disparities in population between Milwaukee and other cities in Wisconsin, comparing the number of storage businesses in each tells us very little. So how does Milwaukee, with its population of 605,013, compare to cities with similar populations? On average, cities with populations of 250,000 to 1,000,000 have 49 storage facilities listed on our network, which means that Milwaukee, with 11 fewer facilities, has a slightly-low amount of storage space for a city its size. We've further validated Milwaukee's relative lack of storage space by examining its per capita count of facilities. For a city of 605,013, 38 self-storage facilities is not a high number at all: in fact, Milwaukee only places in the 13th percentile for facilities per capita in United States cities, indicating a meager level of storage coverage. Just as Milwaukee offers little storage space per person on a national scale, the same goes when we compare the city to others in its state, where it only ranks in the 10th percentile for facilities per capita.
Another thing about Milwaukee we feel we should mention is that while it has grown in the past decade, it hasn't done so by as much as the rest of Wisconsin has. Milwaukee saw a small 1.3% jump between the 2000 and 2010 census, 4.7% less than the 6% the state of Wisconsin experienced as a whole. But remember that, despite the fact that population growth probably isn't generating a great amount of demand for storage in Milwaukee, the city already has relatively few facilities for the size of its current population.
Some of the most successful storage finds occur when the storage seeker includes nearby towns, suburbs, and neighborhoods in their search. A more expansive search could help uncover some hidden storage gems. Depending on how often you'll need to access your unit, this could be the way to go. We've had our analysts go over the data on self-storage (sometimes known as public self storage or mini storage) in Milwaukee to see how it compares with other cities in its state.
An average price of $87.73 a month for a storage unit makes Milwaukee the 5th most expensive city in Wisconsin for self-storage, while Wisconsin itself is the 28th most expensive state. When searching for storage in Milwaukee, expect to pay $22.54 more than Wisconsin's average price of $65.19.
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. That's why we've developed a 'relative price' scale that takes state median income into account. Given that the average price of a storage unit in Milwaukee is $87.73 and the median income in Wisconsin is $51,999.00 a year, we can determine that a storage unit would require 2.02% of a median earner's monthly paycheck. When compared to storage price as a percent of income in other cities in Wisconsin, Milwaukee ranks in the 78th percentile, which means that self-storage here is quite expensive.
In addition to being somewhat expensive at the state level, storage in Milwaukee 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 Milwaukee should cost an average of $15.58 more than the national average price of 72.15.
Trying to find a strikingly inexpensive self storage unit in Milwaukee, WI? April is the best month to find inexpensive storage, while the least expensive area for storage is the 53212 ZIP code. The absolute worst time to look for storage is December, the priciest month of the year for storage, and remember that the 53209 area has the steepest prices.
Milwaukee self storage typically costs between $49 and $165 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, Milwaukee had an average home value of $92,900 which in the past year is up 0.005%.