Monthly storage unit costs in Memphis typically range from $21 per month for small 5x5 units to $134 per month for large 10x30 units. Across all unit sizes, the average cost of climate-controlled storage in Memphis is $71 per month. With population growth being slower in Memphis, storage units in the Memphis area tend to be more affordable than other Tennessee cities like Nashville and Knoxville, due to the lower cost of living and housing market.
Average Monthly Storage Unit Prices in Memphis
Storage costs in Memphis may start at a minimum of $6 for smaller storage units and a maximum of $250 for larger storage spaces. These prices will fluctuate depending on the size of the unit and whether you need climate-controlled storage or other amenities. To help determine which unit size is right for your storage needs, use Extra Space Storage’s AI Smart Size Finder and storage unit size guide.
| Unit Size | Average Monthly Price | Min | Max |
| 5x5 | $21 | $6* | $57 |
| 5x10 | $33 | $7* | $86 |
| 10x10 | $59 | $8* | $116 |
| 10x15 | $91 | $36 | $181 |
| 10x20 | $103 | $45 | $185 |
| 10x25 | $121 | $63 | $250 |
| 10x30 | $134 | $50 | $211 |
Storage unit pricing is current as of April 2026.
*The minimum price may reflect small locker-style or reduced-height units, or promotional rates.
Average Storage Unit Prices Per Square Foot in Memphis
Storage unit costs per square foot in Memphis range from $0.85 per sqft for 5x5 units down to $0.45 per sqft for 10x30 units—with the price typically decreasing as unit size increases. If you want to know which storage unit is the best value based on the items you need to store, comparing the price per square foot for storage units can help.
| Unit Size | Average Price Per Sq Ft | What Fits |
| 5x5 | $0.85 | Seasonal clothing or decor, small furniture, gardening tools, sports equipment |
| 5x10 | $0.66 | Full-size mattress set, dresser or bookshelf, motorcycle, patio furniture |
| 10x10 | $0.59 | Large home appliances, furnishings of a one-bedroom apartment |
| 10x15 | $0.60 | Small boat or trailer, furnishings of a two-bedroom apartment |
| 10x20 | $0.51 | Car or trailer, contents of a three-bedroom home |
| 10x25 | $0.48 | Medium-sized boat, multiple rooms of furniture |
| 10x30 | $0.45 | Large vehicle, contents of a multi-bedroom home |
Storage unit pricing is current as of April 2026.
Choosing Between Standard & Climate-Controlled Storage in Memphis
Climate-controlled units average $71 per month—about 12% more than standard units at $64 per month. The added cost may be worth it if you’re storing sensitive items like electronics, wooden furniture, artwork, or collectibles that could be damaged by temperature and humidity swings. Storage units with climate control maintain temperatures between 55 and 80 degrees, helping to protect belongings from Memphis’ humid, hot summers.
Vehicle & RV Monthly Storage Prices in Memphis
Vehicle storage prices in Memphis vary depending on your vehicle type and desired protection level. Whether you’re seeking short-term or long-term vehicle parking, the chart below shows what to expect for monthly vehicle, boat, and RV storage rates.
| Type | Average Monthly Price | Common Size |
| Vehicle | $103 | 10x20 |
| Boat | $121 | 10x25 |
| RV | $134 | 10x30 |
Storage unit pricing is current as of April 2026. Don’t see your vehicle type? Motorcycle, jet ski, and trailer storage are also available. Contact facilities for custom sizing and pricing for vehicle parking.
Find Storage Units in Memphis
Why Storage Prices Vary: The Memphis Market Factors
Several factors affect pricing and self storage demand in Memphis, such as:
- Housing Market: Homes in Memphis are larger and more affordable than the national average, decreasing the demand for off-site storage.
- Population: With slower population growth, the need for storage is reduced, helping keep prices low.
- Cost of Living: The cost of living is more affordable in Memphis, helping to reduce the price of storage units.
How Memphis’s Growth Affects Storage Prices
| Factor | Memphis Stats | Impact on Storage Prices |
| Population Growth | -0.72% | ↓ Slow population growth, decreases demand |
| Median Home Size | 1,870 sq ft (vs. 1,800 national)] | ↑Larger homes = less storage need |
| Renter Percentage | 54% (vs. 35% national)] | ↑Higher renter % = more storage need |
| Median Home Price | $210,00 (vs. $410,800 national)] | ↑Affordable houses attract more residents = higher storage demand |
Data from World Population Review, Federal Reserve Bank of St. Louis, RentCafe, and Redfin.
The Bottom Line: Despite a slowdown in population growth and larger homes, the higher renter percentage and availability of affordable homes keep the desire for storage in Memphis stable, with prices rising slightly in higher-demand areas of the city.
Popular Neighborhoods for Storage in Memphis
Looking for affordable self storage in Memphis? Here are some centrally-located neighborhoods in Memphis with quality storage units:
- Downtown Memphis: A popular area near the riverfront with convenient access to several facilities
- Midtown: A well-established neighborhood just minutes from the downtown Memphis
- East Memphis: A popular residential area for families with storage locations along major roads
- Germantown: A suburban area where larger, more affordable storage options can be found
Memphis Storage Price Comparison to Other Nearby Cities
| City | Avg 5x5 Cost | Avg 10x10 Cost | Avg 10x30 Cost |
| Memphis, TN | $21 | $59 | $134 |
| Bartlett, TN | $20 (-5%) | $86 (+46%) | $206 (+54%) |
| Cordova, TN | $23 (+10%) | $75 (+27%) | $202 (+51%) |
| Collierville, TN | $33 (+57%) | $87 (+47%) | $242 (+81%) |
| National Average | $34 (+62%) | $100 (+69%) | $256 (+91%) |
Pricing current as of April 2026.
Storage unit costs in Memphis tend to be cheaper than the national average, saving you up to 91% for larger storage units. Storage in Memphis across all sizes is also more affordable than in nearby areas of Cordova or Collierville. For storage costs comparable to Memphis, explore nearby Bartlett, TN.
Key Factors that Influence Storage Unit Pricing in Memphis
There are many factors that determine how much storage units cost in Memphis and what you’ll pay:
- Unit Size: Larger storage units generally come with higher monthly rates.
- Amenities: Options like climate control, 24-hour access, in-unit electricity, and enhanced security can increase monthly costs.
- Unit Type: Indoor units typically cost more than outdoor options due to added protection and security.
- Seasonal Demand: Prices often increase during peak moving seasons, like spring and summer, when demand for storage is generally higher.
- Additional Fees: Administrative fees, applicable taxes, insurance, and late payment charges can impact your total storage costs beyond the monthly rental rate.
Why Memphis Residents Use Storage
Memphis residents rent storage for many reasons, including moving, downsizing, or storing excess items when living in an apartment or dorm. Here are some common reasons for using self storage in Memphis:
Life Transitions
- Moving between homes: Renting a storage unit while moving can reduce stress by giving you more flexibility to move items gradually.
- College living: Students living near local universities can rent student storage during summer break or for items that don’t fit in their living space.
Space Solutions
- Business inventory & equipment: Business storage is ideal for storing excess inventory, equipment, or company vehicles in Memphis.
- Downsizing without discarding: A Memphis storage unit lets you hold onto important belongings while downsizing without cluttering a small living space.
- Renovation projects: Renting self storage while renovating helps free up space and protects your items while you renovate.
Seasonal Storage
- Seasonal clothing & holiday decor: Free up space in your home by storing off-season clothes or holiday decor in a storage unit, swapping them out at the start of each season.
- Outdoor recreational equipment: Store patio furniture and camping or sports equipment during the off-season.
- Seasonal vehicle storage: You can safely store vehicles like motorcycles, cars, boats, RVs, and more when they’re not in use.
What Sets Extra Space Storage Apart in Memphis
Extra Space Storage in Memphis offers high-quality storage units in a safe, secure environment. And not to mention, Extra Space Storage facilities offer a variety of unit sizes and types, including climate-controlled units and drive-up access. You can find more than 20 facilities located throughout the Memphis metro that are well-maintained, clean, and accessible. See what our customers have to say about our self storage solutions in Memphis!
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Searching for reliable self storage in Memphis? Extra Space Storage has plenty of facilities located across the metro with great amenities to choose from. Find a storage unit in Memphis today!
Pricing Methodology
Extra Space Storage pricing is pulled from our internal database and is typically refreshed every quarter. Prices can fluctuate throughout the year, with seasonal promotions potentially lowering costs and higher-demand periods sometimes resulting in higher rates. Please note that additional fees, such as insurance or administrative charges, may apply. To get the most accurate and up-to-date pricing for your area, search for your location online or reach out to your local facility manager.
Prices shown reflect Extra Space Storage facilities in Memphis. Competitor prices may vary. Last updated March 2026. For more information on storage unit pricing, visit our comprehensive storage unit pricing guide.
