OneDrive offers free 7GB of storage. This storage is accessible via the OneDrive apps on iOS, Android, Windows, and on the web, and much like Dropbox and the upcoming iCloud Drive,

Now, the storage space is increasing from 7GB to 15GB. Microsoft says it is making the switch to 15GB now that people store more files in the cloud and now that images and videos taken on smartphones consume much more space.

With the Office 365 storage side, its moving from 20GB of storage to 1TB of storage per user. This 1TB tier costs the same $6.99 per month for an individual user or $9.99 for a 5 person family plan (which still provides 1TB per family member).

Or if you do not want an Office 365 subscription you can now add on additional storage to a OneDrive account in increments of 100GB or 200GB. 100GB is $1.99/month and 200GB is $3.99/month. The change here is price decreases: 100GB used to cost $7.49 per month and 200GB previously was $11.49 each month.