SURVEY OF OFF-CAMPUS AVERAGE RENTAL RATES & VACANCY RATES Average Rental Rates
Report Date: 11-25-2009
Average
rental rates are computed from information supplied by property
owners and managers. The data are 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.
Registered Units
Average Rental Rates
Unit Size
Total Units
Average Rent
Median Rent
Room
275
$574
$0
Eff/Studio
424
$697
$0
1 bdrm
1372
$807
$795
2 bdrms
1435
$1,141
$1,175
3 bdrms
454
$1,674
$1,680
4 bdrms
282
$2,256
$2,275
5 bdrms
214
$2,863
$2,900
6 bdrms
369
$3,719
$3,710
7+ bdrms
1
$3,350
$0
Total Units
4826
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.
