In a city like Toronto, where population density is high and space is at a premium, affordable self-storage can be an expensive proposition. And it’s not only the cost of the unit; you also have to consider the costs associated with keeping your stuff safe, secure and dry. After all, cheap rates are certainly a consideration, but they aren’t the only consideration. When you factor in supply, demand, quality of service, and the fact that storage vacancy in Toronto is at a historic low, the cost of self-storage is going to be predictably high.
Depending on the size of the unit, those seeking out self-storage in Toronto can expect to pay around $25/month for very tiny spaces, to up to $900/month for very large spaces. These prices can also change unexpectedly, as many storage companies will suddenly increase rates. And while these prices are an unavoidable reflection of the market, they only make sense if you need the space of an entire unit. Plus, traditional storage units force you to haul, organize and pick up all your things yourself, which can be a major hassle at the best of times.
The key to finding the best prices? Shop with numerous storage providers and shop local.
The first step is to figure out what self storage services are available locally to you. This is the first step because you want to keep items that you're storing near you. There are two reasons for this:
- If you need easy access to items, then they are close by
- If you have to pay for a service to drive a long distance to get items, or drive the items far out yourself, your price will already go up
Once you find a list of self storage services in the area, it's time to get – and compare – prices. You know these services are in your area and don't cost an arm and a leg to get to (whether it's their fees or your cost in gas). Now you can get quotes from the different providers and compare.
However, cheaper isn't always better! Don't get caught in the smallest price. You'll need to find a balance of affordable and features. If it's the cheapest option but there's no form of security in place (like a concierge or security cameras), how safe is the stuff you're storing?
Knowing there is such a range in pricing for self storage makes it even more important to do your homework. Take the time to find local providers in your area, read reviews, and compare prices! The extra bit of effort can go a long way.