The 5x5 Storage Unit Cost Explained

When temporarily relocating to a new place, we all want a secure closet to store our seasonal belongings. In that case, a storage unit is all that you need. However, my personal favorite is the 5×5 storage unit. It’s one of the most popular storage facility options I have ever seen. Its size is compact, its price is affordable, and it can be afforded by students and small households can afford it.  

Now, what's the cost of a 5×5 storage unit? What should you expect in a 5×5 unit, especially in a city like Oxford, Mississippi? Here, you will get to know everything about a 5×5 unit, its cost, factors that affect its cost, tips for getting the best value, and more. Keep reading!

Key Takeaways

• Cost is Variable: A 5x5 storage unit's price is not fixed; it is influenced by location (cheaper in small towns), features (climate control and security cost more), and demand (prices increase during summer and college seasons).
• Small-Scale Solution: The unit is a perfect, affordable choice for storing a small amount of belongings, such as a dorm room's contents, and is a much cheaper alternative to larger units.
• Promotions Save Money: You can significantly lower the cost by utilizing promotional deals like "first month free" or "50% off for three months," which can bring the price down well below the average national rate.

What is a 5×5 Storage Unit?

A 5×5 storage unit means a storage unit that is 5 feet wide and 5 feet deep. Its floor space is around 25 square feet, and its storage volume is around 200 cubic feet. Well, the measurement can be more or less, depending on the ceiling height. I feel its size is more like a small walk-in closet.

Now, what can you store in a 5×5 storage unit? Well, you can store:

• 10 to 15 medium-sized boxes
• Business inventory or files,
• Small furniture like chairs and nightstands
• Small appliances like microwaves and mini-fridges
• Seasonal items like holiday decor or sports gear

Even if you are a student,  a small apartment resident, or a business owner, you can use this 5×5 storage unit to store your belongings.

Factors That Influence the Cost of a 5×5 Storage Unit

Remember, a 5×5 storage unit's cost is not going to be the same every time. It can vary depending on many factors. Such as-

Location 

If your storage unit is located in major cities like New York, Los Angeles, Chicago, etc, it can cost you more. But if your storage unit is located in small towns like Hudson, Jackson, Monterey, etc., then it's going to be cheaper.

Climate Control

Most storage units have climate control units. We mostly need these units when we have to store wood, fabrics, and electronic products. If you want such a kind of unit, you have to pay more than you would pay for standard storage units.

Access Type

Generally, storage units are available as drive-up units or indoor units. Drive-up units are expensive, as they are more convenient and can take more loads. On the other hand, indoor units are cheaper, but here you will find difficulties with access. You need to walk more inside the facility to get your stored items.

Security Features

The more security features a storage unit has, the higher its cost will be. For example, if your storage unit has gated access, a smart lock, and is monitored 24/7, it will charge you higher rates.

Demand and Seasonality 

The cost of a storage unit can also differ based on demand and seasonality. For example, during the summer, more people want to store their goods. Because of the increasing demand, the price of storage units is higher at this time. Then there are college move-in/out seasons, which can also increase the price of storage units.

Promotions and Discounts 

You may get discounts for storage units, but not every time. For instance, you can get up to 50% in the first three months and even free service in the first month while storing your belongings. 

National Average Cost of 5×5 Units

On average, a standard 5×5 storage unit can cost $40 to $90 per month in the U.S. But those storage units with climate control versions charge higher. It can be around $60. Sometimes it can be more than $110 when the city and facility are high-end. But one thing that's for sure is that a 5×5 storage unit is a better option compared to larger storage units that are 10×10 or 10×15. It's because a 5×5 unit is much cheaper.

5×5 Storage Unit Cost in Oxford, MS

General Market Overview 

In Oxford, MS, there is a mix of students and permanent residents. Thanks to the University of Mississippi, which increased the number of students in that place. You will see that the demand for storage units in that location is during semester breaks. Because that's the time when students will require a place to store their goods. 

The average storage cost for all unit sizes can be $136 a month. But if we look particularly, a 5×5 storage unit’s average cost is $62 a month, and a 10×10 storage unit’s average cost is $182 a month.

Current 5×5 Prices in Oxford 

Here are some actual rates of 5×5 units in Oxford based on the local listings. 

Takeaway: You can secure a 5×5 unit in Oxford even at $31 if you do promotional deals.

Amenities in Oxford Facilities 

Most storage facilities, including 5×5 units, in Oxford include:

• Climate-control options. It’s essential when the weather is humid in Mississippi
• Drive-up units. This allows easier moving
• Month-to-month leases. Students can afford them easily
• 24/7 access. It's evident in selected facilities 
• Digital or Bluetooth gate entry. These features add convenience to have access to our belongings

Oxford Vs National Averages 

Generally, the national average range of a 5×5 storage unit is $40 to $90 per month, depending on the city and amenities. But in Oxford, MS, its average price is around $62 per month. Well, you can say it's in the middle range of the price of the national average. Then comes Oxford's lowest, i.e., around $31 per month. It comes mainly from promotional deals.

How to Get the Best Deal on a 5×5 Unit in Oxford?

If you want to save some money while storing your goods securely, keep these things in mind.

Book Early (During Off-Peak Times)

During summer, the demand for storage units spikes like crazy. That's the time for college move-outs when students need storage units. So it’s better to make a reservation during the off-season, like spring or winter. This is going to save your money and provide proper services together.

Look For Student Discounts

Many storage facilities offer referral bonuses and student pricing. Referral bonuses mean that when you refer the unit to a friend, you get a discount. And since Oxford is a college town, most units offer special discounts for students only.

Compare Climate Vs Standard Units

We know climate-control units offer better services. But we don't need them every time. Like, if you have to store delicate items such as furniture, electronics, documents, etc, only then should you opt for this feature.

Use Promotions

There are some promotions that most storage units offer. It’s mostly the “First month free” or “50% off 3 months.” By hoping for them, you can cut your first-year cost by 20% to 30%.

Consider Access Needs

We have known that drive-up units cost more. But at the same time, they are also giving us super-easy access. But do you need frequent access? If not, opt for a cheaper option like indoor storage. This is only going to save your money, nothing else.

Wrapping Up

A 5×5 storage unit is a perfect small-scale solution that offers just a little extra space. Only those can bid for it who need to store a minimum amount of belongings. 

In Oxford, MS, you will get this 5×5 storage unit at $62 a month. But nationally, its average cost ranges between $40 and $90 a month. If the price seems too high for you, you can make some promotional deals.

That can give you this unit for as low as $31 a month. Now, some facilities are offering flexible leases that are best for students. And it's not like the climate-control feature is mandatory to take. Take it only when you need it. It can cost you an extra $10 to $20.