The cost of renting the average one-bedroom or two-bedroom unit surpassed $1,200 in March, highlighting the nation’s lack of rental affordability.

And with nearly 50% of U.S. renters spending 30% or more of their income on housing, it’s safe to say the rental market has left many struggling.  

This is especially so for student renters who are suffocating under more than $1.5 trillion worth of student loan debt.

As most students tend to live close to their schools of choice, finding an apartment that meets their price point is extremely important.  

A report conducted by RentCafé using Yardi Matrix data analyzed the price of apartments located within a 1-mile radius of the top 100 universities in the U.S. as ranked by U.S. News. 

According to their data, these five universities have the most affordable rental prices within 1 mile of their main campus:

5. Rensselaer Polytechnic Institute, NYAt this university the average rent within 1 mile is $1,115 whereas the average city rent in Troy reaches $1,110.

4. Loyola University Chicago, ILAt this university the average rent within 1 mile is $1,110 whereas the average city rent in Chicago reaches $1,898.

3. Lehigh University, PAAt this university the average rent within 1 mile is $1,082  whereas the average city rent in Bethlehem reaches $1,234.

2. College of William and Mary, VAAt this university the average rent within 1 mile is $934 whereas the average city rent in Williamsburg reaches $1,191.

1. The University of Illinois Urbana-Champaign, ILAt this university the average rent within 1 mile is $890 whereas the average city rent in Champaign reaches $1,396.

Most Popular Articles

FHA loan limits increasing for almost all of U.S. in 2020

Thanks to increases in home prices in 2019, the Federal Housing Administration loan limit will increase for nearly all of the country in 2020.

Dec 05, 2019 By

Latest Articles

Truist is here: BB&T, SunTrust complete merger

There’s a new bank among the top ten biggest banks in the country, and its name is Truist. BB&T Corp. and SunTrust Banks announced the completion of the biggest bank merger since the financial crisis.

Dec 09, 2019 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please