Renting vs. Owning: What's the Smarter Long-Term Storage Solution?

June 5, 2025

When you run out of space at home, the first solution many people turn to is a traditional self-storage unit. It seems simple enough — pay a monthly fee, get a lock, and stash your stuff. But over time, that “quick fix” can turn into a long-term drain on your wallet. 

What if there was a better option? One that puts money back in your pocket and gives you total control? 

Let’s break down the real costs of renting vs. owning a storage building — and why more Mississippi families are choosing to bring their storage home. 

💸 The Monthly Cost of Renting a Storage Unit

The average cost of renting a 10×10 storage unit in Mississippi ranges from $100–$150/month, depending on the facility, location, and whether it’s climate-controlled. 

Need more space? A 10×20 unit can cost upwards of $180–$250/month. 
That adds up quickly: 

  • $150/month for 2 years = $3,600 
  • That money is gone. You don’t own anything. 

 

You’re essentially paying rent for square footage you’ll never see a return on. 

🏠 What It Costs to Own a Storage Building

Now let’s look at owning your own storage building. At Shivers Buildings, our 10×16 portable building — a common size for household storage — might cost: 

  • $4,900–$5,900 total, depending on features and style 
  • Rent-to-own plans starting around $190–$225/month 
  • No credit check 
  • Early payoff options 
  • Cash discounts available 

That’s around the same monthly cost as renting a unit — but the difference? You’ll own the building at the end. 

It’s an investment in your property, not someone else’s. 

🧰 The Perks of Owning Your Own Building

Besides the cost, owning your building offers: 

  • On-site access 24/7 – No more driving across town. 
  • Custom features – Add shelving, windows, or insulation. 
  • Multi-use – Storage today, workshop or hobby space tomorrow. 
  • No late fees – You control the terms. 

You’re not just paying for storage. You’re paying for freedom. 

📊 Real Example Breakdown:

Let’s say you rent a 10×20 unit for $200/month. After 3 years, you’ll have spent: 
$7,200. Again, you still don’t own anything. 

At Shivers, you could: 

  • Buy a 10×12 storage building for around $4,400 
  • Own it free and clear in less than 36 or 60 months (you decide how soon you want to pay it off with no early payoff penalty) 
  • Add value to your property 

Even if you finance it, you come out ahead — and with something to show for it. 

🏁 Final Thoughts

Renting a storage unit can work short-term. But for long-term use, owning a portable building is usually the smarter, more cost-effective move. 

At Shivers Buildings, we’ve helped thousands of Mississippi families ditch rental fees and invest in permanent, flexible storage that fits their lives. 

Ready to explore your options? 
We’ll help you find the right size, payment plan, and features to make it yours. 

👉Stop Renting Space. Start Owning it.

16x32 16x30 Custom Tiny Home, contact shivers buildings today to learn more
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