How to Price Your Storage Space on MYHOME-ME website
Whether you have a spare garage, an unused room, a backyard container, or extra space you’re not using, myhome-me allows you to earn income by renting it out for storage.
One of the most common questions Space Owners ask is:
“How much should I charge for my storage space?”
Storage prices in Cape Town vary, but by considering the factors below, you can set a competitive and realistic price that attracts renters while maximising your return.
Key Factors to Consider When Setting Your Price
- Location of Your Space
Your location plays a major role in what you can charge.
Higher-demand areas such as Claremont, Sea Point, Gardens, and the Cape Town CBD generally attract higher prices due to:
- Convenience
- High population density
- Limited storage availability
If your space is in outer suburbs like Table View, Parklands, Kuils River, or Muizenberg, pricing is usually more affordable, but still attractive to:
- Residents nearby
- Small businesses
- People storing items long-term
Tip for Space Owners
- Spaces closer to residential or business hubs can charge more
- If access is less central, offer slightly lower pricing to stay competitive
- Size of the Storage Space
Storage pricing is usually based on square metres (m²).
- Small spaces (2m² – 6m²)
Ideal for boxes, sports equipment, seasonal items, or small household goods. - Medium spaces (6m² – 9m²)
Suitable for the contents of a studio or 1-bedroom apartment. - Large spaces (12m² and up)
Can store furniture, appliances, or business stock.
Space Owner Tip
Encourage renters to:
- Stack boxes
- Store items vertically
- Use shelving
Efficient use of space adds value and justifies your price.
- Security & Access Features
Security significantly influences pricing and renter confidence.
If your space offers basic access only, pricing should remain lower.
However, if you provide added security, you can charge more.
Security features that increase value:
- CCTV cameras
- Locked or gated access
- Electric fencing
- Alarm systems
- Controlled or limited access
- On-site presence
More security = higher perceived value and peace of mind for renters.
Typical Self-Storage Pricing in Cape Town (For Guidance)
Self-storage prices in Cape Town generally range from:
- From ± R550 per month for small spaces with minimal security
- Up to R2,500+ per month for larger, secure spaces in high-demand areas
These figures help Space Owners benchmark their listings on myhome-me.
Estimated Monthly Pricing Guide
Unit Size | Typical Use | Estimated Monthly Price* |
2m² – 3m² | Boxes, documents, small items | R550 – R750 |
6m² – 9m² | Studio / 1-bedroom contents | R860 – R1,500 |
12m² – 18m² | 2–3+ bedroom home contents | R1,150 – R2,500+ |
*Prices are for guidance only and may vary
**Unit heights typically range from 2m to 3m
Other Pricing Considerations
You may charge more depending on:
- Climate-controlled spaces
- Ground-floor or easy-access areas
- Flexible access times
- Added services (insurance, transport assistance)
Final Tip for Space Owners
When setting your price on myhome-me.com, aim for:
- Fair pricing
- Clear value
- Competitive rates in your area
You can always adjust your price based on demand and enquiries.
