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uCribs Student Housing Rent Trends: Northeast Region (May 2016)
By Colin Kish
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May Rental Highlights
James Madison University: At JMU, asking rents were unchanged for April for one ($646) and two bedroom ($877) units. Asking rents for three bedroom units saw an average decrease of $35, or 3.4% while four bedroom unit asking rents decreased slightly by $11, or 0.6%.
University of Delaware: Two bedroom units at UDEL were the only unit type to have an increase for April at $15, or 1.1%. One ($3 decrease), three ($178 decrease) and four bedroom ($271 decrease) unit types saw a decrease in asking rents as fewer premium units were available, leaving more affordable units available in April.
University of New Hampshire: Asking rents for all unit types at UNH remained flat in for April with only asking rents for two bedroom units increasing by $5, or 0.4%
Virginia Commonwealth University: One, two and three bedroom unit asking rents all increased slightly in April by less than 0.75%. Four bedroom units saw a jump of $202, or 12.2% as more premium units became available to rent.
Virginia Tech: At VT, asking rents remained stable from March to April. One, two and three bedroom units saw asking prices increase by $2 or less. Four bedroom units remained unchanged for April.
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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