Average Rental Rates
Survey of Off-Campus Rates
Average rental rates are computed from information supplied by property owners and managers. The data is calculated and adjusted as each registered landlord makes changes to his or her rental rates on the Housing Web site. The Registered Units Average Rental Rates reflect the average rental rates for all registered rental units on the site.
When considering these rental rate figures, it is important to remember that they are derived from only those units registered with the Off-Campus Housing Program. The numbers are based on the "asking price" for an unrented unit, which may vary over the course of the year. Additionally, these numbers are based on information landlords place on the website. We do not verify accuracy, nor that updates are timely.
Unit rents may or may not include utilities.
| Unit Size | Total Units | Average Rent | Median Rent |
|---|---|---|---|
| Average Rental Rates of Registered Units | |||
| Room | 221 | $571 | |
| Studio | 372 | $732 | |
| 1 Bedroom | 1113 | $843 | $798 |
| 2 Bedrooms | 1109 | $1,207 | $1,225 |
| 3 Bedrooms | 349 | $1,759 | $1,800 |
| 4 Bedrooms | 207 | $2,309 | $2,375 |
| 5 Bedrooms | 175 | $2,947 | $2,825 |
| 6 Bedrooms | 295 | $3,677 | $3,700 |
| 7+ Bedrooms | 2 | $4,275 | |
| Total Units | 3843 | as of 11-18-2011 | |
Definitions
Average (Mean): The mean is calculated by adding up all of the rents and then dividing by the total number of rents. It takes into account each and every rental rate.
Median: A median is the middle point in a distribution of rents. So, the median rent is the dollar amount in the middle of all the rental rates received for a particular unit type.
