<ARTICLE>                     5

<CIK>                         0000277925
<NAME>                         PUBLIC STORAGE PROPERTIES V, LTD.
<MULTIPLIER>                                   1
<CURRENCY>                                     US
       
                             
<PERIOD-TYPE>                                                              6-MOS
<FISCAL-YEAR-END>                                                    DEC-31-1996
<PERIOD-START>                                                       JAN-01-1996
<PERIOD-END>                                                         JUN-30-1996
<EXCHANGE-RATE>                                                                1
<CASH>                                                                 2,491,000
<SECURITIES>                                                           9,087,000
<RECEIVABLES>                                                             96,000
<ALLOWANCES>                                                                   0
<INVENTORY>                                                                    0
<CURRENT-ASSETS>                                                      11,674,000
<PP&E>                                                                19,103,000
<DEPRECIATION>                                                       (8,653,000)
<TOTAL-ASSETS>                                                        22,491,000
<CURRENT-LIABILITIES>                                                    342,000
<BONDS>                                                               22,969,000
<PREFERRED-MANDATORY>                                                          0
<PREFERRED>                                                                    0
<COMMON>                                                                       0
<OTHER-SE>                                                             (820,000)
<TOTAL-LIABILITY-AND-EQUITY>                                          22,491,000
<SALES>                                                                        0
<TOTAL-REVENUES>                                                       3,449,000
<CGS>                                                                          0
<TOTAL-COSTS>                                                            977,000
<OTHER-EXPENSES>                                                         402,000
<LOSS-PROVISION>                                                               0
<INTEREST-EXPENSE>                                                     1,263,000
<INCOME-PRETAX>                                                          807,000
<INCOME-TAX>                                                                   0
<INCOME-CONTINUING>                                                            0
<DISCONTINUED>                                                                 0
<EXTRAORDINARY>                                                                0
<CHANGES>                                                                      0
<NET-INCOME>                                                             820,000
<EPS-PRIMARY>                                                              18.45
<EPS-DILUTED>                                                              18.45