I have tried totes and other methods. Best is the bookcase used with comic book boards. Also rolling underbed chests for things like fat quarters and tools that are not often used.
The totes can become difficult to move as we age or have difficulties and are very heavy when full. I "forgot" what was in them because it could not be seen.
Target and similar stores have inexpensive bookcases to put together. They also had the ones that bins fit into that can be laid on the side or upright to put in closets. Mom used both of these options for her yarn so I got to see what could be done in an apartment.
You also have to consider what alterations would be allowed by the apartment lease.
Downsizing is hard but doable too. I think most of us have fabric that we will not use in years and years or ever. I have a friend that is doing it now. She does not want any fabric in her apartment closet that does not make her happy.