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I've considered it in the past, but as you mentioned I rationalized. I pretty much asked myself what is my gear worth and what will it cost me to keep it storage? You may find it easier to just let go of a few pieces of gear and save the extra money each month.
A few years, my parents moved out of town and decided to get a small storage space for the miscellaneous items they left behind. They finally decided to just get rid of the stuff they had and only keep the small sentimental stuff, like pictures. When I went and cleared out the storage I realized that they were paying more for the monthly storage fee than all the items combined were worth. It was a real waste of money because everything in there was either given away or thrashed and they had paid storage for that stuff for over a year.
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