<ARTICLE>                     5
<CIK>                         0000277925
<NAME>                        Public Storage Properties V, Ltd.
<MULTIPLIER>                                                               1
<CURRENCY>                                                                US
       
                                                                      
<PERIOD-TYPE>                                                          9-mos
<FISCAL-YEAR-END>                                                Dec-31-1997
<PERIOD-START>                                                    Jan-1-1997
<PERIOD-END>                                                     Sep-30-1997
<EXCHANGE-RATE>                                                            1
<CASH>                                                             3,676,000
<SECURITIES>                                                      14,215,000
<RECEIVABLES>                                                        135,000
<ALLOWANCES>                                                               0
<INVENTORY>                                                                0
<CURRENT-ASSETS>                                                  18,026,000
<PP&E>                                                            19,769,000
<DEPRECIATION>                                                   (9,664,000)
<TOTAL-ASSETS>                                                    28,350,000
<CURRENT-LIABILITIES>                                                348,000
<BONDS>                                                           22,396,000
<PREFERRED-MANDATORY>                                                      0
<PREFERRED>                                                                0
<COMMON>                                                                   0
<OTHER-SE>                                                         5,606,000
<TOTAL-LIABILITY-AND-EQUITY>                                      28,350,000
<SALES>                                                                    0
<TOTAL-REVENUES>                                                   5,663,000
<CGS>                                                                      0
<TOTAL-COSTS>                                                      1,581,000
<OTHER-EXPENSES>                                                     679,000
<LOSS-PROVISION>                                                           0
<INTEREST-EXPENSE>                                                 1,880,000
<INCOME-PRETAX>                                                    1,523,000
<INCOME-TAX>                                                               0
<INCOME-CONTINUING>                                                1,523,000
<DISCONTINUED>                                                             0
<EXTRAORDINARY>                                                            0
<CHANGES>                                                                  0
<NET-INCOME>                                                       1,523,000
<EPS-PRIMARY>                                                          34.27
<EPS-DILUTED>                                                          34.27