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Public Storage FY2025 10-K, by metro

Texas self storage cost: below the biggest operator's average

No free source publishes an average self-storage price for Texas, by state or by unit size, so this page does not invent one. What can be checked is what the largest US operator reports to the SEC. Public Storage's Form 10-K, FY2025 gives annual realized rent per occupied square foot for its same-store facilities in Dallas-Ft. Worth ($17.41) and Houston ($16.97), against $22.54 across its whole US same-store portfolio, with occupancy in both below its portfolio figure. For a renter that means negotiating room, not a price for your unit.

By Oliver Wakefield-Smith. Reviewed 16 October 2026.

Public Storage's Texas metros, as filed

Public Storage Form 10-K, FY2025 / same-store / Texas

  • Dallas-Ft. Worth

    $17.41

    per occupied sq ft a year · -4.5% vs 2024 · 89.5% occupied · 136 facilities

  • Houston

    $16.97

    per occupied sq ft a year · +1.3% vs 2024 · 90.2% occupied · 128 facilities

  • For comparison: All 2,565 US same-store facilities

    $22.54

    per occupied sq ft a year · +0.5% vs 2024 · 92.0% occupied · 2,565 facilities

  • For comparison: All other markets (outside the 25 named metros)

    $16.28

    per occupied sq ft a year · +0.4% vs 2024 · 91.5% occupied · 673 facilities

Source: Public Storage, Form 10-K, FY2025, filed 12 February 2026, table "Same Store Facilities Operating Trends by Market" (page 35), read on SEC EDGAR 16 October 2026. Realized rent per occupied square foot is ANNUAL dollars, all unit sizes and climate types blended, net of discounts, across Public Storage's same-store facilities in each metro. It is one operator's figure, not a state or market average, not a monthly rent and not a quote for any unit. Other operators and independents in the same metro can price higher or lower.

Both Texas metros sit near the bottom of Public Storage's 25 named markets and close to its all other markets figure ($16.28). Dallas-Ft. Worth is the more striking: realized rent per occupied square foot fell 4.5% in 2025 while the portfolio as a whole edged up, and occupancy was 89.5%. The filing reports the numbers, not the reasons; heavy new building in Texas metros over recent years is the explanation usually given, and lower occupancy is what spare capacity looks like.

Do not multiply these figures into a monthly price for a 10x10 or any other size. The filed number blends every size and climate type, and small units rent for more per square foot than large ones, so the conversion needs a size-mix assumption nobody publishes. Austin, San Antonio, El Paso and the rest of the state get no number here, because the filing gives none.

Texas-specific cost drivers and renter advice

Spare capacity is your leverage. Where units sit empty, the move-in offer is a floor rather than a favour and the first rate review is negotiable. Public Storage's 10-K is explicit about the second part: "We typically increase rental rates to our long-term tenants (generally, those who have been with us for at least five months) every six to twelve months." Ask when the first increase is due and whether a longer commitment buys a price lock.

Climate control is closer to mandatory than optional. Inland summer heat and Gulf Coast humidity both attack stored goods. Skip climate only for plastic bins, tools, sports gear and items genuinely insensitive to heat and damp, and quote both unit types at the same facility so you see that facility's actual premium.

Hurricane season matters on the coast. Houston, Galveston, Corpus Christi and the Gulf Coast can see storage demand rise during and after major storms (Harvey in 2017, Beryl in 2024). If you can choose when to sign, outside June to November is the safer window, and read the facility's terms on flood and wind damage either way.

Distance is the other lever. Land is cheaper away from the urban core, so quote one facility in town and one 15 to 25 minutes out for the same size and climate type. For storage you visit rarely, the cheaper site usually wins.

What to ask before you sign

Texas storage FAQ

How much does self storage cost in Texas in 2026?
No free primary source publishes a Texas average, by state or by unit size, so this page does not print one. What can be checked is what the largest owner files. Public Storage's Form 10-K, FY2025 reports annual realized rent per occupied square foot, all unit sizes blended, for its same-store facilities in two Texas metros: $17.41 in Dallas-Ft. Worth and $16.97 in Houston, against $22.54 across its whole US same-store portfolio. Those are one operator's filed figures, not a quote for any unit. For a monthly price you need a live quote for the size and facility you want.
Why is Texas storage cheaper than California for the same size?
In Public Storage's own portfolio, Los Angeles rent per occupied square foot ($35.76) is about 2.1 times its Dallas-Ft. Worth figure ($17.41). Land is the main reason: Texas metros have far more cheap, buildable land than coastal California, and storage rent passes land cost through almost directly. The filing also shows its Texas facilities running emptier (89.5% and 90.2% occupancy against 92.0% portfolio-wide), which is consistent with spare capacity in those markets.
Is climate-controlled storage essential in Texas?
For sensitive items, close to it. Summers across most of the state are long and hot, and the Gulf Coast side (Houston, Beaumont) is humid for much of the year. Wood furniture, leather, photographs, documents and electronics are all at risk in a metal drive-up unit through a Texas summer. Choose climate control for those, ask whether the units are heated and cooled or only ventilated, and quote both types so you know the real premium at that facility.
Where are the storage rates lowest in Texas?
Public Storage files figures for only two Texas metros, so this page gives no number for Austin, San Antonio, El Paso or anywhere else. The general rule holds: land is cheaper away from the urban core, so quote a suburban facility 15 to 25 minutes out against one in town, for the same size and climate type.
Are Texas storage facilities offering bigger discounts right now?
Nobody publishes a measure of promotions by state. What Public Storage's filing does show is that in Dallas-Ft. Worth its realized rent per occupied square foot fell 4.5% in 2025 and occupancy (89.5%) was below its portfolio figure, the conditions in which operators compete on move-in offers. The 10-K describes promotions such as "$1.00 rent for the first month". Ask every facility for its standard rate, its promotional rate and when the first increase is due, and use a competitor's written quote when you negotiate.
Do hurricanes affect Texas storage prices?
Coastal Texas (Houston, Galveston, Corpus Christi, Beaumont) can see a rise in demand during and after major storms such as Harvey in 2017 and Beryl in 2024, as people store belongings during repairs. Inland markets are less exposed. If you are renting during hurricane season (June to November), ask whether a quoted promotion is guaranteed and read how the facility handles flood or wind damage to stored goods.

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Still not sure what a unit near you should cost?

Write to us and ask. A person reads every message, and we reply with what we can stand behind, naming the source a figure came from so you can go and check it yourself. We make no promise about how quickly a reply lands. If the question turns out to be one other renters ask too, we may put an anonymised version on the site, and only after you have said you are happy with that.

This site is a price reference. We are not a storage operator or a broker, and rates and availability are set facility by facility and move with how full a building is that week. Confirm the rate, the cover the facility insists on and the notice period you owe with the facility itself before you sign anything.