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uCribs Student Housing Rent Trends: Midwest Region (May 2016)
By Colin Kish
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May Rental Highlights
Indiana University Bloomington: Asking rents at IU edged slightly up for one ($3), two ($2) and three ($5) bedroom units while four bedroom units saw a decrease of $35, or 1.5% in April.
Michigan State University: At MSU, asking rents in April saw slight increases of $1 for one bedroom units and $8 for two bedroom units. Three bedroom units increased by $26 to $1,136 while four bedroom units decreased by $4 to $1,239.
Purdue University: In April, asking rents at Purdue for two and three bedroom units saw decreases around 3%. Two bedroom units decreased by $34 to $1,048 while three bedroom units decreased by $47 to $1,539. One and four bedroom unit rents remained virtually unchanged in April.
University of Kentucky: KU asking rents in April saw little movement in the smaller unit types. One bedroom units increased $7 to $755 while two bedroom units decreased by $9 to $919. Three bedroom units saw an increase 1.9%, or $24, to $1,271 while four bedroom units saw a decrease of $29 to $1,890.
University of Michigan: For April, asking rents at UM decreased across three of the four unit types tracked with only two bedroom units seeing a slight increase of $8 to $1,455. One bedroom unit asking rents decreased $23, or 2.25% to $1,011 while four bedroom units decreased $39 to $2,894.
About The uCribs Rent Trend 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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