7 Ways to Make Money with Unused Storage Space

Did you know your unused spaces could earn you hundreds or even thousands of dollars every month? From garages to basements, parking spots to warehouses, turning idle space into income is easier than you think. Here’s how:

• Rent Your Garage: Perfect for vehicle or personal storage. Earn $75–$470/month depending on location and amenities.
• Lease Parking Spaces: Driveways or lots can store cars, RVs, or boats. Average income: $50–$300/month.
• Use Spare Rooms or Basements: Indoor storage for household items. Monthly earnings range from $39–$235.
• Offer Commercial or Warehouse Space: Businesses need storage for inventory or equipment. Potential income: $1.10/sq ft or $5,500/month for 5,000 sq ft.
• Provide Outdoor Storage: Great for trailers, containers, or equipment. Facilities can generate $5,000–$150,000/month based on size.
• Rent Climate-Controlled Units: Ideal for sensitive items like antiques or electronics, earning 20–50% more than standard units.
• Seasonal Storage: Store holiday decorations or sports gear. Rates range from $35–$200/month.

Quick Comparison:

Why wait? Platforms like PeerStorage make it simple to list your space, find renters, and earn passive income. Start small or scale up – your unused space could be your next steady revenue stream.

Make Money Renting Your Storage Space (easy side hustle)

1. Rent Out Your Garage for Vehicle or Personal Storage

Did you know your garage could be a source of income? Whether it’s currently a cluttered storage zone or just an empty space, your garage has real earning potential. Garages are among the most popular options in the peer-to-peer storage market, making them a great way to bring in passive income. Here’s how you can make the most of your garage as a rental space.

Space Type

Most residential garages are built to fit one or two cars, but they’re also great for storing other items. Finished garages that include amenities – like shelving or climate control – tend to earn higher rental rates compared to basic, unfinished spaces. Even a simple garage has built-in advantages, such as protection from the weather, security with locking doors, and lighting, which means you can start renting without major upgrades.

Items Suitable for Storage

Garages are perfect for storing items that can handle temperature fluctuations. Think sports gear, tools, car supplies, holiday decorations, or off-season belongings. Want to make your space even more appealing? Adding features like pegboards or plastic storage bins can make a big difference in attracting renters.

Income Potential

Once you’ve assessed your garage’s condition and storage possibilities, it’s time to consider how much you can earn. Rental prices vary widely depending on location, as shown in the table below:

For example, a single-car garage with a dirt floor might rent for as little as $80 per month, while a two-car garage with climate control could bring in $250 or more. Even basic outdoor parking pads can earn between $50 and $90 per month. Features like security cameras, deadbolts, climate control, shelving, or automatic openers can significantly boost your rental rate. Larger spaces or those with premium amenities typically command higher prices.

Security and Access Requirements

To make your garage rental-ready, focus on security. Install sturdy locks, ensure proper lighting, and consider adding visible cameras. Before listing your space, decide on access rules and permitted activities for renters. Screening potential tenants through background checks, credit reports, and references adds an extra layer of protection for your property. Regular inspections (with proper notice) and open communication help ensure tenants stick to the rental agreement.

To simplify the process, several platforms can handle payments, insurance, and tenant matching. This allows you to concentrate on maintaining your space and fostering good relationships with renters – all while earning passive income.

2. Rent Parking Spaces for Cars, RVs, or Boats

Your driveway, backyard, or even an unused lot could become a steady source of income. With parking spaces in constant demand – especially in cities where affordable and secure parking is hard to find – your idle property might be exactly what someone nearby needs. Whether it’s a simple driveway or a larger outdoor area, there’s potential to turn your space into a money-making asset.

Space Type

Parking spaces come in different forms, each with its own earning potential. Open parking, like driveways or vacant lots, is great for short-term or daily parking needs. Covered parking, such as carports, offers some protection from the weather and typically earns more than open spaces. Enclosed parking, like garages or storage buildings, provides the highest level of security and weather protection, making it the premium option.

When considering the size of your space, keep in mind that a standard parking spot is usually 10’x20′ or 9’x19′. Larger vehicles, like RVs, can be up to 45 feet long, and boats often need at least 20 feet of length and 14 feet of height clearance for accessories like towers or antennas. If you’re planning to accommodate bigger vehicles, think about adding wide aisles for easier maneuvering.

Items Suitable for Storage

The flexibility of parking spaces makes them suitable for a variety of vehicles. Cars, from compact models to large trucks, are the most common. There’s also strong demand for parking spaces that can accommodate RVs, including motorhomes and trailers. Boats, such as pontoons, fishing boats, and wakeboard boats, often need secure off-season storage. Beyond these, smaller recreational vehicles like motorcycles, ATVs, jet skis, and snowmobiles frequently require parking during their downtime. Even some commercial vehicles, excluding semi-trucks, can be stored in these spaces.

Income Potential

How much you can earn depends largely on your location and the type of space you offer. On average, monthly parking rents for around $200 nationwide. Indoor spaces can bring in about $300 per month, while outdoor uncovered spots typically earn around $175. Covered spaces like carports hit the middle ground at about $200 monthly.

For those willing to manage hourly parking, rates can range from $10 to $30 per hour, often yielding higher returns. Monthly rentals, however, provide steady and predictable income. For example, a small lot with 20 spaces, each earning $10 daily, could generate around $73,000 annually. Profit margins for parking rentals generally fall between 4% and 12%.

Here’s a look at average monthly rates in select cities:

Security and Access Requirements

To attract renters and justify higher rates, security is a must. A well-secured parking space not only protects vehicles but also increases its appeal and earning potential. As Grizz, a senior member of Self-Storage Talk, explains:

"BTW, remember you’re not renting spaces, you’re renting security, free up space at their home, etc…"

Start with physical barriers like fencing or strategic landscaping to deter unauthorized entry. Controlled access systems, such as keypads or swipe cards, add another layer of security while maintaining a record of who accesses your property. Surveillance cameras are essential – they not only discourage theft and vandalism but also help resolve disputes if they arise. Lastly, ensure the area is well-lit to enhance safety and make it easier for renters to access their vehicles at night.

3. Use Spare Rooms, Attics, or Basements for Household Storage

If you have unused spare rooms, attics, or basements, you could turn them into a steady source of monthly income. These indoor storage spaces are appealing to renters because they offer protection from the elements and better security compared to outdoor alternatives. They provide year-round convenience and reliability, making them a practical option for generating extra cash.

Space Type

Different indoor spaces come with unique storage advantages and rental opportunities.

• Spare rooms are great for items that require stable temperatures and easy access, like furniture, boxes, or things people need to retrieve often.
• Attics are suitable for items that can handle temperature changes, such as holiday decorations or seasonal gear, even if summers get hot or winters are freezing.
• Basements are naturally cooler and maintain stable temperatures, but they might have humidity issues to consider.

The environment of each space matters. For example, attics are usually drier than basements, making them better for items that can withstand temperature swings. On the other hand, finished or climate-controlled basements can safely store almost anything.

Items Suitable for Storage

What you can store depends on the space. Attics work well for items that can tolerate temperature fluctuations, like holiday decorations, suitcases, or durable fabrics. Basements are better for toys, plastic furniture, or extra kitchen supplies, but avoid storing anything delicate or moisture-sensitive in either space. Spare rooms, with their consistent temperature and humidity, are the most versatile, handling a wide range of storage needs.

However, there are some items you should avoid storing in attics, basements, or even spare rooms. These include delicate fabrics, photographs, flammable materials, wood or leather furniture, and old electronics.

Income Potential

How much you can earn depends on the type of space you’re renting and its location. Here’s a breakdown of potential monthly income:

If you’re in an area with limited self-storage options, you could charge higher rates. Urban locations often see more demand due to the lack of available storage.

Security and Access Requirements

To protect your space and ensure peace of mind, screen tenants carefully. Ask for a picture ID, a verifiable address, and social security confirmation. For the storage area itself, invest in quality locks and consider installing security cameras, especially if the space has separate access.

As ShelfGenie advises:

"Plastic tubs or bins with lids are your best bet for safely storing items in an unfinished basement. They keep moisture out and deter pests from chewing their way into your belongings."

It’s also important to set clear rules about what can and cannot be stored. Your rental agreement should specify that only personal property is allowed, and explicitly ban items like explosives, flammable materials, hazardous substances, or anything with strong odors. Requiring tenants to carry storage insurance is a smart move to cover theft, fire, water damage, or other risks. Lastly, keep contact information up to date and ensure tenants fully understand their lease terms and responsibilities.

4. Rent Commercial or Warehouse Space for Business Storage

With 70% of large-company CEOs planning to reduce office space and the rapid growth of e-commerce driving demand for storage facilities, the Storage & Warehouse Leasing industry is on track to reach $36.6 billion by 2025, growing at an annual rate of 4.7%. Let’s dive into why commercial and warehouse spaces offer unique advantages as storage options.

Space Type

Commercial and warehouse spaces are designed to support large-scale operations and specialized needs, providing businesses with flexible storage solutions without requiring significant upfront costs.

Different industries have varying storage demands. For instance, e-commerce retailers often need strategically located warehouses to ensure faster shipping and to accommodate seasonal surges in inventory. Climate-controlled spaces are also crucial for storing temperature-sensitive products. Meanwhile, manufacturing firms use warehouses to store raw materials, in-progress items, and finished goods, while also managing quality control and returns.

Items Suitable for Storage

These spaces are versatile, catering to a wide range of industries with unique storage requirements:

• Third-party logistics providers: Use warehouses for inventory management and order fulfillment.
• Construction and home improvement suppliers: Store lumber, tools, fixtures, and appliances.
• Food and beverage distributors: Rely on temperature-controlled zones for frozen, chilled, and ambient products.
• Pharmaceutical and medical supply companies: Require secure, temperature-monitored facilities for sensitive items.
• Professional offices: Store files, paperwork, and extra equipment.
• Content creators: Keep cameras, lighting gear, and backdrops organized.
• Real estate and home staging companies: Need space for furniture and decor used in staging.

Income Potential

Rising demand for warehouse space has driven rental rates higher. In 2023, the average U.S. warehouse rent hit $9.72 per square foot – a 20.6% jump from the previous year. This trend presents a strong opportunity for consistent monthly income. Here’s a typical cost breakdown:

For a 5,000-square-foot warehouse at $1.10 per square foot, the monthly rent totals $5,500. Urban warehouses often command higher rates due to their prime locations and increased demand. Warehouses near transportation hubs are particularly valuable for businesses involved in importing and exporting, offering specialized facilities for customs clearance and distribution. Seasonal businesses, such as holiday decor suppliers, often pay premium rates for short-term, scalable storage solutions.

Security and Access Requirements

Security is a top priority for commercial tenants. Theft from warehouses and distribution centers is the leading cause of supply chain losses, making robust security measures essential. Rick Nelson, CEO of The Fulfillment Lab, highlights this importance:

"Securing the contents – and people – within a warehouse is critical for both the warehouse and the companies they serve."

Modern warehouse security relies on a layered approach, combining advanced technology with traditional methods. Key features include:

• Access control systems: Ensure secure yet convenient entry.
• Surveillance technology: Provides comprehensive monitoring.
• Regular security evaluations: Identifies and addresses vulnerabilities.

Industries such as landscaping, lawn care, and general contracting – where high-value equipment and tools are stored – benefit from monitored entry points and secure access systems. Biometric systems are increasingly popular, offering better security than traditional keycards, which can be easily misplaced.

Daily security protocols should include routine checks of locks and cages, patrolling for open entry points, and ensuring the facility is empty before activating alarms. Background checks on all warehouse staff add another layer of protection.

5. Rent Outdoor Storage for Trailers, Equipment, or Containers

Outdoor storage can be a smart way to generate steady income with relatively low investments. By utilizing open spaces for oversized items that don’t fit in traditional units, you can cater to a wide range of customers while keeping operating costs manageable. Let’s break down how to make the most of outdoor storage.

Space Type

Outdoor storage is ideal for bulky items that require easy access and ample room. These spaces work best when they’re truck- and trailer-friendly, located on level ground, and equipped with proper drainage to prevent water damage during storms.

The most popular setups include container storage and parking for heavy equipment. Shipping containers, like Conex boxes, are a standout choice because they’re built to withstand harsh weather conditions and provide long-term storage solutions. When planning your layout, make sure there’s enough room for maneuvering 40-foot containers. Portable containers are another great option, as they can be arranged to fit different layouts.

Items Suitable for Storage

Outdoor storage appeals to a variety of clients, from construction companies to retail businesses. Construction firms often store materials like lumber, steel beams, and heavy machinery that wouldn’t make sense to keep indoors. Retailers, on the other hand, use outdoor containers to manage overflow inventory during busy seasons.

Heavy equipment storage is a reliable source of income, as contractors frequently need secure parking for excavators, bulldozers, and other machinery. Shipping containers also offer a temporary solution for businesses needing extra space, whether for storing documents, tools, or even furniture during moves.

Some containers come with added features like shelving, LED lighting, loading ramps, and high-security doors, making them even more versatile. With these options, your outdoor storage facility can meet a wide range of customer needs, boosting its earning potential.

Income Potential

Outdoor storage facilities are known for generating solid returns with lower overhead costs. On average, storage facility owners earn about $184,500 annually, with a rental rate of $9 per square foot and a profit margin of 41%.

The size of your facility directly impacts your earnings. Here’s a quick breakdown:

• Small facilities (50–100 spaces): $5,000–$15,000 per month
• Medium facilities (100–300 spaces): $15,000–$50,000 per month
• Large facilities (300+ spaces): $50,000–$150,000+ per month

For instance, a 200-space facility charging $100 per space with an 85% occupancy rate can bring in about $17,000 monthly. Your location will heavily influence these rates, so keep that in mind when setting prices.

Dynamic pricing can further boost revenue. For example, demand for construction equipment storage typically peaks in spring and summer, while container storage often spikes before the holiday season. By adjusting rates based on demand, you can maximize your earnings while making efficient use of your land.

Security and Access Requirements

Security is a top priority for outdoor storage since items are exposed and easily accessible. A solid security plan starts with strong perimeter fencing. In high-crime areas, consider cut-resistant mesh, while standard chain-link fencing may suffice in safer neighborhoods.

Access control systems are another must. Options range from basic keypads to smartphone-enabled digital keycards, with 73% of tenants preferring gate access control. Interestingly, 36% of tenants are even willing to pay extra for this feature.

Lighting plays a dual role in security and convenience. Motion-sensor lights are cost-effective and can alert property owners to after-hours activity. Combine this with video surveillance for a strong deterrent against theft and vandalism, as well as a tool for investigations if needed.

Visible security measures make a big difference. For example, Prologis, a major industrial property manager, saw issues like theft and illegal dumping at their facilities. After installing visible mobile security units, crime dropped to zero, eliminating the need for costly patrols and cleanup.

Regular maintenance also enhances security. Clean, well-kept facilities not only discourage criminal activity but also attract higher-paying tenants. On-site management or frequent walk-throughs can add another layer of protection while building trust with tenants.

When promoting your outdoor storage spaces, emphasize security features like surveillance cameras, access control, and LED lighting. These details can appeal to customers who value peace of mind, making your facility stand out in the market. With the right setup, outdoor storage can become a highly profitable addition to your property.

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6. Rent Climate-Controlled or Specialized Storage Units

Climate-controlled storage units are a smart investment because they maintain stable temperature and humidity levels, making them ideal for storing sensitive and valuable items. This added layer of protection distinguishes them from traditional storage options, offering renters peace of mind and added value.

Space Type

These units are designed to keep temperatures between 55–85°F while maintaining consistent humidity levels. Unlike standard units, which are often outdoors and exposed to the elements, climate-controlled units are housed indoors in sealed facilities. This setup helps protect belongings from pests, moisture, and temperature extremes. For comparison, non-climate-controlled units can experience temperatures up to 30°F higher than the outside environment, which can lead to rapid deterioration of delicate items.

"Climate-controlled storage maintains the humidity and temperature of the storage unit. A nonclimate-controlled storage unit is subject to the temperature and humidity of its surroundings." – Melanie Hartmann, Owner, Creo Home Buyers

To ensure proper climate control, installing a reliable HVAC system is essential. This system will regulate both temperature and humidity, safeguarding stored items year-round.

Items Suitable for Storage

Climate-controlled units are perfect for storing items that are sensitive to environmental changes. These include antiques, family heirlooms, important documents, photographs, electronics, musical instruments, artwork, and wine collections. Artists and musicians often use these spaces for their instruments and artwork, while collectors rely on them to protect stamps, coins, and comic books from mold or pests.

Income Potential

One of the biggest draws of climate-controlled storage is its profitability. These units typically rent for 20%–50% more than standard storage spaces. For instance, monthly rents might average $149 compared to $139 for non-climate-controlled units, resulting in profit margins of up to 11%, far exceeding the typical 3–5%. On average, storage facility owners can see annual profits of around $184,500, with climate-controlled units playing a significant role in these earnings.

Security and Access Requirements

High-value items stored in these units also demand robust security measures. Consider installing digital access systems, individual unit alarms, and video surveillance in common areas. The indoor, sealed environment not only keeps pests out but also adds an extra layer of security. Offering 24-hour access can further appeal to renters, especially businesses with flexible schedules.

Climate-controlled storage is a great way to turn unused indoor space into a profitable venture. With higher rental rates, steady demand, and premium positioning, these units represent one of the most lucrative niches in the storage industry.

7. Rent Seasonal Storage Space

Seasonal storage is another way to make use of underutilized spaces while meeting specific customer needs. It’s a steady and profitable niche, with 42% of people storing seasonal items in storage units. The predictable demand comes from customers who rotate their belongings as the seasons change.

Space Type

Seasonal storage works well in various spaces, including spare rooms, garages, or even dedicated buildings. What really matters is providing easy access to accommodate customers’ seasonal schedules. Many renters prefer ground-level spaces for convenient loading and unloading of bulky items like holiday decorations or sports gear.

Indoor areas, such as basements, spare bedrooms, or converted garages, offer added protection from the elements. In regions with high humidity or extreme temperature swings, climate-controlled spaces can help prevent damage to stored belongings.

Items Suitable for Storage

Typical items stored in seasonal spaces include holiday decorations, like Christmas trees and ornaments, as well as sports and outdoor gear such as skiing equipment and camping supplies.

Income Potential

Seasonal storage can generate $35–$100 per month, with higher rates during peak times and in urban locations. Pricing often varies by season – winter tends to be more affordable, while summer’s peak moving season can drive up demand and rates.

Location plays a big role in pricing. For example:

• A 10×10 space might rent for $130 to $200 per month.
• A smaller 5×10 unit could bring in $90 to $130 monthly.

Offering secure and hassle-free access is just as important as competitive pricing, especially when appealing to renters looking for convenience.

Security and Access Requirements

Customers using seasonal storage typically need flexible access, as they only visit their units a few times a year during seasonal transitions. Features like electronic gates or mobile app–based entry systems appeal to renters who want access during evenings or weekends. Basic security measures, such as good lighting, help deter trespassers and build trust. Drive-up access is a major bonus, especially for those storing larger or heavier items, as it eliminates the hassle of stairs or elevators.

With the self-storage market projected to hit $85.27 billion by 2030, seasonal storage offers property owners an excellent way to earn steady income with minimal day-to-day management. By focusing on security and convenience, you can turn unused space into a reliable revenue stream.

Storage Space Types and Income Comparison

Different storage setups cater to various needs and income opportunities. Here’s a look at how these storage types align with customer demands and revenue potential.

Residential storage dominates the industry, contributing 69.9% of revenue. Popular unit sizes, like 10×10-foot and 10×15-foot spaces, are in high demand.

Below is a breakdown of common storage types, their typical uses, and key considerations:

Each storage type comes with trade-offs. For example, outdoor units offer convenient drive-up access but lack climate control and advanced security. Meanwhile, indoor units provide better protection but may require more effort to move items in and out.

Rental prices vary based on location, unit size, and added amenities. On average, indoor units rent for $60–$200 per month, while premium options like climate-controlled units command higher rates. Since 2021, rental rates have climbed by 4% and are expected to keep rising.

When selecting a storage type, consider your available space, local demand, and the level of security you’re ready to invest in. While options like commercial and climate-controlled units require more upfront investment, they often yield higher returns in the long run.

Conclusion

Turning unused storage into a source of income is easier than you might think. All it takes is preparing your space – cleaning, securing, and setting a competitive price – to attract renters. By researching local storage rates and leveraging online platforms, you can connect with people in need of extra space.

Whether it’s a spare garage, basement, attic, or even outdoor space for RVs and boats, there’s a good chance someone nearby is looking for exactly what you have to offer. With the storage industry on the rise, the opportunity to earn extra income is growing too.

Platforms like PeerStorage make the process even simpler by handling listings, marketing, and tenant management. This means you can focus on earning passive income without the usual hassles of being a landlord. Take stock of your available space, consider making security upgrades to attract renters, and ensure you’re following local rental regulations.

The best part? Storage rental is incredibly flexible. You can start small – maybe just a corner of your garage or an empty closet – and scale up as you see fit. There’s no long-term commitment, and you maintain full control while enjoying a steady monthly income.

So, why let unused space sit idle? Walk through your property today and identify areas that could meet someone’s storage needs. With PeerStorage, you can turn your space into a valuable asset and start earning right away.

FAQs

How do I figure out the best type of storage space to rent out based on my property?

To figure out the best type of storage space to rent out, start by assessing the size, layout, and features of your property. Areas like garages, basements, attics, or spare rooms can cater to different storage needs based on their dimensions, accessibility, and overall condition.

Key factors to think about include security, climate control, and ease of access. For instance, a garage might be perfect for storing vehicles or bulky items, while a clean, dry basement could be ideal for furniture or seasonal belongings. Make sure the space is tidy, well-maintained, and meets the quality expectations of potential renters.

Tailoring your storage space to meet common renter needs can boost its appeal and earning potential. Use simple size guides or checklists to ensure your space is a good fit for typical storage items like household goods, equipment, or even small business inventory.

What security features should I add to make my storage space more appealing to renters?

To make your storage space more appealing and trustworthy, focus on incorporating essential security measures. Start with a dependable surveillance system – security cameras are an excellent choice for keeping a close watch on the area. Pair this with high-quality locks or electronic access controls to manage entry and safeguard against unauthorized use. Adding a durable perimeter fence and ensuring the area is well-lit are also smart ways to discourage theft and enhance overall safety.

Equally important is staying on top of regular maintenance and inspections. These practices not only preserve the security and condition of the space but also reassure renters that their belongings are well-protected. When people feel confident about the safety of your facility, they’re more likely to choose it over others.

What legal requirements should I consider before renting out my unused storage space?

Renting Out Your Storage Space: Legal Considerations

If you’re thinking about renting out unused storage space in the U.S., make sure you’re aware of the local laws and regulations first. Begin by reviewing zoning laws and municipal rules to confirm that your property qualifies for storage rentals. Some areas may have specific restrictions, especially if the space will be used for business-related storage.

Your rental agreement should clearly spell out rules, liability limits, and insurance requirements to safeguard both you and your renter. Since laws differ from state to state, it’s wise to either consult a legal expert or dive into the specific regulations in your area. Depending on how the space will be used, you might also need permits or licenses. Following these steps not only keeps you compliant but also helps ensure a hassle-free rental process.

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