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uCribs National Student Housing Report for June 2016
By Colin Kish
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June Market Overview
May is typically a stressful month for students as it is final exam time across the country and last minute cramming becomes a common practice. After finals are over, many students go home for the summer versus staying near campus. If they are leaving for the summer and haven’t found a place to live for the upcoming fall semester yet, time is not on their side. Depending on the university, many of the desirable rentals will already be leased up, leaving renters with fewer options and making the search for an apartment more difficult.
On the other hand, landlords can be just as stressed depending on how their leasing numbers are performing against prior years and competition. Leasing velocity will typically slow down compared to prior months as landlords try to get the attention of renters preoccupied with finals. With only a few weeks left before the fall semester, the race is on to fill any remaining vacancies.
June Rental Highlights
Georgia State University: GSU asking rents for May remained relatively flat with one bedrooms seeing the only decrease in units tracked or $2, or 0.2%. Two bedroom, $8 or 0.5%, three bedroom, $5 or 0.3% and four bedroom units, $20, 1.0%, all saw rents increase for the month.
Louisiana State University: In May at LSU, rents for one bedroom units saw a small uptick in asking price of $11, or 1.40%. Declines were seen in two bedroom, $3 / 0.3%, three bedroom, $37 / 2.2%, and four bedroom, $32 / 1.4%, units.
North Carolina State University: For the month of May, smaller units outperformed larger units at NCSU. One bedroom units increased by $7, or 0.8%, while two bedroom units increased by $15, or 1.3%. Three bedroom units decreased $13, or 0.9% and four bedroom units decreased $29, or 1.8%.
Purdue University: Rents at Purdue were unchanged from April for one and four bedroom units types. Two bedroom units saw a slight decrease in asking rents by $2, or 0.2% while three bedroom units saw an increase of $17, or 1.1%.
Texas Tech University: At TTU, rents for May remained relatively flat from the previous month. One bedroom, $2 / 0.3%, two bedroom, $4 / 0.4%, and three bedroom, $7 / 0.4%, all saw slight decreases in rents. Four bedroom units increased slightly by $5, or 0.3%.
University of Alabama: For UA, rents in May were relatively flat for one and two bedroom units. One bedroom units increased $4 or 0.6% while two bedroom units increased $1, or 0.1%. Three bedroom units decreased $23, or 1.7% while four bedroom units remained unchanged form April.
University of Arizona: For the month of May, rents at UA were flat for one and two bedroom unit types. Three bedroom units saw a jump of $33, or 2.1% while four bedroom units decreased $24, or 1.1%.
University of North Carolina at Chapel Hill: In May, asking rents at UNC were up slightly by $6 or 0.6% for one bedroom units. Two and three bedroom units saw decreases of $15 / 1.3% and $52 / 2.9% respectively. Four bedroom units were unchanged from April
University of Wisconsin-Madison: Rents at Wisconsin saw decreases in May for all unit types except four bedroom units, which had an increased asking price of $11, or 0.4%. One bedroom, $11 or 1.1%, two bedroom, $32 or 2.4% and three bedroom units, $4 or 0.2%, all decreased from April.
Virginia Commonwealth University: At VCU, rents decreased across the board for all unit types. One bedroom decreased $4 or 0.4%, two bedroom decreased $5, or 0.4%, three bedroom decreased $20, or 1.3% and four bedroom units decreased $24, or 1.3%.
Rental data from available units within 5 miles of campus.
June Rent Data
The table below gives the average asking rent in May and the percent change from April for available units within 5 miles of the university.
| University | 1 Bedroom | 2 Bedroom | 3 Bedroom | 4 Bedroom | ||||
|---|---|---|---|---|---|---|---|---|
| Arizona State University | $1,002 | -0.78% | $1,332 | -0.91% | $1,973 | -1.93% | $3,226 | 0.80% |
| Auburn University | $580 | 0.04% | $869 | -0.81% | $1,322 | 0.00% | $1,742 | 0.00% |
| Boston University | $2,600 | 0.05% | $2,856 | -1.94% | $3,174 | -2.47% | $3,767 | -1.54% |
| California State University-Sacramento | $998 | -6.91% | $1,503 | -1.19% | $2,265 | 2.86% | $0 | N/A |
| Colorado State University | $856 | 1.30% | $1,063 | 0.05% | $1,350 | -0.26% | $1,653 | 4.76% |
| Drexel University | $1,570 | -1.34% | $2,108 | 1.33% | $2,370 | 2.79% | $2,277 | 1.67% |
| Florida Atlantic University | $1,320 | -1.00% | $1,665 | -0.96% | $2,400 | -0.55% | $3,256 | 13.87% |
| Florida International University | $1,611 | -4.09% | $1,616 | -6.51% | $2,460 | 27.38% | $3,744 | 6.97% |
| Florida State University | $721 | -0.10% | $953 | 0.20% | $1,233 | -0.85% | $1,768 | -0.02% |
| Georgia State University | $1,235 | -0.17% | $1,693 | 0.49% | $1,930 | 0.27% | $1,920 | 1.03% |
| Indiana University Bloomington | $780 | -0.11% | $1,062 | -0.45% | $1,641 | -0.71% | $2,294 | -1.24% |
| Indiana University-Purdue University Indianapolis | $857 | -0.06% | $981 | 0.78% | $836 | -24.81% | $1,135 | 28.91% |
| Iowa State University | $838 | 1.25% | $1,065 | 1.30% | $1,449 | 4.52% | $1,496 | N/A |
| James Madison University | $645 | -0.20% | $876 | -0.14% | $995 | 0.00% | $1,828 | -1.71% |
| Louisiana State University | $824 | 1.40% | $1,118 | -0.28% | $1,636 | -2.22% | $2,272 | -1.37% |
| Michigan State University | $670 | -0.15% | $859 | 0.73% | $1,184 | 4.27% | $1,251 | 0.98% |
| North Carolina State University | $917 | 0.76% | $1,105 | 1.34% | $1,320 | -0.96% | $1,557 | -1.81% |
| Ohio State University-Main Campus | $762 | -3.25% | $1,062 | -12.75% | $1,530 | -3.47% | $1,843 | -11.59% |
| Old Dominion University | $812 | -0.43% | $957 | 0.32% | $1,508 | 16.25% | $1,657 | -4.30% |
| Portland State University | $1,342 | 3.83% | $1,648 | -3.95% | $2,855 | 12.18% | $0 | N/A |
| Purdue University | $934 | 0.00% | $1,047 | -0.17% | $1,556 | 1.09% | $2,473 | 0.00% |
| Rutgers University-New Brunswick | $1,275 | 0.07% | $1,642 | 0.77% | $0 | N/A | $0 | N/A |
| San Diego State University | $1,371 | -0.34% | $1,726 | 0.02% | $2,344 | -1.36% | $3,128 | -1.18% |
| Syracuse University | $848 | 0.00% | $1,104 | -9.96% | $1,340 | -6.28% | $0 | N/A |
| Temple University | $1,557 | -1.12% | $2,087 | 2.20% | $2,347 | 2.89% | $2,170 | 0.43% |
| Texas A&M University | $689 | -0.01% | $909 | 2.05% | $1,328 | 0.96% | $2,024 | -0.48% |
| Texas State University | $822 | 0.92% | $1,018 | -1.01% | $1,254 | -3.05% | $1,849 | -4.46% |
| Texas Tech University | $702 | -0.27% | $1,028 | -0.35% | $1,553 | -0.43% | $2,206 | 0.25% |
| University of Alabama | $703 | 0.58% | $957 | 0.07% | $1,320 | -1.74% | $2,159 | 0.00% |
| University of Arizona | $683 | 0.07% | $943 | -0.04% | $1,605 | 2.07% | $2,146 | -1.10% |
| University of California-Berkeley | $4,095 | -0.88% | $5,893 | 0.17% | $6,327 | -1.72% | $8,291 | 7.66% |
| University of California-Davis | $1,225 | -2.88% | $1,584 | -2.36% | $2,028 | -12.56% | $2,277 | 1.88% |
| University of California-San Diego | $1,960 | 2.26% | $2,554 | 0.22% | $3,462 | 9.86% | $3,800 | N/A |
| University of Central Florida | $961 | 0.18% | $1,119 | -0.13% | $1,395 | 0.42% | $1,838 | -0.63% |
| University of Colorado Boulder | $1,371 | -4.72% | $2,016 | -10.94% | $2,448 | -0.08% | $0 | N/A |
| University of Delaware | $870 | 0.25% | $1,363 | -0.76% | $1,534 | -3.62% | $2,241 | -2.48% |
| University of Florida | $720 | 0.20% | $963 | 0.01% | $1,323 | -0.22% | $1,864 | 0.00% |
| University of Georgia | $635 | 0.33% | $833 | -1.75% | $1,137 | 0.02% | $1,652 | -1.54% |
| University of Illinois at Urbana-Champaign | $841 | 0.92% | $1,001 | -4.90% | $1,304 | -9.11% | $2,555 | 0.00% |
| University of Kansas | $721 | 3.27% | $813 | 1.43% | $1,011 | 1.12% | $1,375 | 0.00% |
| University of Kentucky | $775 | 2.69% | $922 | 0.29% | $1,249 | -1.72% | $1,846 | -2.31% |
| University of Louisville | $800 | 2.68% | $992 | 0.47% | $979 | 8.11% | $2,163 | -4.88% |
| University of Maryland-College Park | $1,593 | -16.69% | $1,742 | -14.82% | $2,410 | 2.58% | $1,959 | -23.41% |
| University of Memphis | $629 | -2.20% | $696 | 0.03% | $823 | -3.97% | $721 | -6.73% |
| University of Michigan | $1,000 | -1.05% | $1,459 | 0.25% | $2,020 | -1.74% | $2,854 | -1.39% |
| University of Minnesota-Twin Cities | $1,164 | -2.30% | $1,522 | -1.27% | $1,664 | 6.74% | $1,283 | 18.99% |
| University of Missouri-Columbia | $720 | -1.57% | $867 | 1.33% | $1,569 | -1.57% | $1,134 | 4.01% |
| University of Nebraska-Lincoln | $723 | -0.32% | $897 | 3.54% | $1,004 | 0.27% | $810 | 3.07% |
| University of Nevada-Las Vegas | $623 | 1.14% | $834 | 0.97% | $1,260 | -1.34% | $1,549 | 5.56% |
| University of New Hampshire | $719 | 0.00% | $1,074 | -1.27% | $1,910 | 0.00% | $2,562 | 0.00% |
| University of New Mexico | $674 | -2.17% | $889 | -5.57% | $1,416 | -6.39% | $1,900 | -13.64% |
| University of North Carolina at Chapel Hill | $938 | 0.61% | $1,172 | -1.25% | $1,717 | -2.96% | $1,897 | 0.00% |
| University of North Texas | $756 | 1.72% | $1,026 | 0.84% | $1,462 | -2.43% | $1,786 | -3.41% |
| University of Oklahoma | $584 | 9.03% | $765 | 2.18% | $1,137 | -1.53% | $1,964 | -0.17% |
| University of Oregon | $831 | 0.06% | $1,091 | 0.03% | $1,383 | -1.75% | $2,218 | -0.22% |
| University of Pittsburgh-Pittsburgh Campus | $1,106 | 1.32% | $1,438 | -0.29% | $1,774 | -2.47% | $2,189 | -10.08% |
| University of South Carolina | $853 | -0.06% | $1,115 | 5.65% | $1,482 | 2.82% | $1,837 | 14.10% |
| University of South Florida | $731 | -0.10% | $938 | 0.10% | $1,293 | 0.02% | $1,891 | 0.73% |
| University of Southern California | $3,132 | -0.87% | $4,272 | -3.38% | $5,668 | 38.77% | $7,280 | 30.23% |
| University of Tennessee | $777 | -2.00% | $904 | -3.95% | $1,371 | -14.93% | $1,955 | 0.00% |
| University of Texas at Austin | $1,543 | 0.54% | $2,134 | 0.06% | $3,094 | -0.06% | $2,354 | -0.40% |
| University of Texas at San Antonio | $1,048 | 2.91% | $1,465 | 1.41% | $1,688 | 1.15% | $1,960 | -1.15% |
| University of Virginia | $1,036 | 0.11% | $1,364 | -0.14% | $1,679 | 0.08% | $2,214 | -1.57% |
| University of Washington-Seattle Campus | $3,360 | 19.32% | $5,074 | 20.83% | $8,687 | 24.57% | $2,810 | -5.06% |
| University of Wisconsin-Madison | $952 | -1.12% | $1,303 | -2.42% | $1,907 | -0.22% | $2,506 | 0.44% |
| Virginia Commonwealth University | $1,013 | -0.37% | $1,291 | -0.42% | $1,543 | -1.28% | $1,831 | -1.28% |
| Virginia Tech | $715 | 0.00% | $892 | -0.22% | $1,105 | -0.75% | $1,711 | 0.00% |
| Western Michigan University | $638 | -0.15% | $780 | 0.08% | $1,049 | -1.01% | $1,345 | -1.38% |
About The uCribs Student Housing Report
The featured rental data on uCribs is gathered from a diverse range of sources and portfolio management platforms to provide credibility and accuracy within the student housing market. This unique blend of live information is recorded and mapped to college locations across the country. By utilizing data on various sized apartments, uCribs can accurately map rent trends across all college markets within the United States.
Contact us for more detailed rent information on these or any other universities.
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