The Cost of Self-Storage in Lexington, KY
There are several factors that influence the cost of self-storage solutions in Lexington, including the city’s cost of housing, whether the storage unit is indoors or outdoors, what types of amenities it offers and how great the need for storage solutions is. In Lexington, real estate is relatively affordable, with housing costs coming in about 20% lower than in the nation as a whole, which would typically cause self-storage units to cost less per month. However, this city is the second-most populated city in the state, which may result in an increased demand for storage solutions. As a result, these factors balance out for self-storage costs that are roughly on par with the national average.
In Lexington, self-storage units cost between $53 and $152 per month on average. This is slightly higher than both the statewide range of $45-$109 and the national range of $41-$133. Generally speaking, the larger the storage unit, the less it costs per foot. For example, the most cost-effective storage solution size is generally 10×20, which costs $0.76 per square foot on average, or $153 per month. The smallest storage units, which are 5×5, typically cost $2.12 per square foot or $53 per month.
The average cost of storage units in Lexington compared to state and national averages
| Size of Storage Unit | City Average | State Average | National Average |
| 5×5 | $53 | $45 | $41 |
| 5×10 | $64 | $49 | $59 |
| 10×10 | $93 | $71 | $95 |
| 10×15 | $119 | $109 | $113 |
| 10×20 | $153 | $109 | $133 |
What to Consider When Looking for Storage in Lexington, KY
While most renters know that they need to find an appropriately sized storage unit for their belongings, there are other features to consider. Storage unit amenities vary from one facility to another, with some units featuring climate control and added security and surveillance. Depending on the value of the items stored, as well as how long they’re in storage, renters may opt for these amenities to ensure that their belongings are kept safe and in good condition.
In Lexington, year-round temperatures range between 24-86 degrees F, and humidity levels vary. In these conditions, musical instruments, fine art, wood furniture and records and CDs are vulnerable to cracking, warping and deterioration. For this reason, many renters seek out storage facilities that feature individual climate control. The city also has a property crime rate that is considerably higher than the state and national rate, making security measures like surveillance cameras and motion sensors desirable storage unit features.
Helpful Tips for Moving to Lexington, KY
Lexington is dubbed the Horse Capital of the World and is known for its eclectic street art, diverse shopping and dining venues, architecture and history. Among its most popular points of interest is Kentucky Horse Park, an equine theme park with horseback trail and pony rides, a Parade of Breeds show and a museum.
Lexington is served by five major U.S. highways, including US-25, US-27, US-60, US-68 and US-421, as well as over a dozen state highways and city and county routes. On average, workers’ commute times run just under 20 minutes, which is several minutes lower than the national average of 26.4 minutes. While most people drive private vehicles, the city has a public transportation bus system that runs all throughout.
Frequently Asked Questions
How much is a storage unit in Lexington, KY?
Monthly self-storage costs in Lexington typically range from $53 for a 5’x5’ unit to $153 for a 10’x20’ unit. Rates are slightly less than those in other areas of the state due to the cost of living, which is 10.3% lower than the Kentucky average. Lexington is also the second most populated city in the state, making the demand for storage units significantly higher.
Is climate-controlled self-storage necessary in Lexington, KY?
Consider renting a climate-controlled unit to keep temperature- or humidity-sensitive items in self-storage. Lexington’s warm, humid subtropical climate can cause environmental damage to unprotected items. With average summer temperatures reaching over 80 degrees, items such as wooden furniture, artwork, or electronics may crack, warp, or discolor. Look for a facility with complete temperature and humidity control to protect your belongings.
How to get cheap storage units in Lexington, KY?
Size is often the most influential factor in storage unit pricing. To keep costs down, rent the smallest unit suitable for your belongings. Create a list of all items you plan to store and calculate the square footage required to comfortably store them without wasted space. If you’re flexible with location, you can also look outside the city for reduced rates. Many other areas throughout the state offer lower monthly fees.
Is a cheap storage unit worth it?
While a cheap storage unit can benefit your budget, it may cost you in the long run. Some low-cost storage facilities lack the essential security and sanitation amenities to protect your belongings. Before signing an agreement, visit the facility to inspect the unit. Consider whether it’s in a safe area, has adequate pest control, and is protected by secure enough safety features.
Are storage units safe?
While storage units are generally safe, they are still susceptible to theft and burglary. With Lexington’s above-average property crime rate of 55.8, it’s essential to find a facility with advanced security features. Look for a unit with alarm systems, video surveillance, and security guards to ensure adequate protection of your belongings. You can also purchase self-storage insurance for financial protection if your items are robbed or damaged.
