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Study looks at apartment affordability near California universities

Posted: 11:20 AM, Jun 03, 2019
Updated: 2019-06-04 13:12:34-04
San Diego group calling for rent control

(KGTV) - Prices for apartment rentals near UC San Diego and the University of San Diego land in the middle of the pack, when it comes to affordability, among the top universities in the U.S.

A new study by RENTCafe.com analyzed apartment prices near U.S. News & World Report’s top 100 colleges/universities to find out just how much rent is for students living within a one-mile radius of their school.

Among the 14 California schools on the U.S. News & World Report rankings, USD and UC San Diego were listed tenth and eleventh among the Golden State schools, respectively, when it comes to average rent for an apartment within one mile of campus.

The average rent for a place one mile near USD, listed at No. 85 on the national rankings, is $2,349. The price is 9 percent more than the average city rent for the area of $2,153.

For the 41st-ranked UC San Diego, the average rent for an apartment one mile near the campus is $2,226. However, that rental price is cheaper than the average city rent for the area of $2,439.

According to the RENTCafe.com study, living within one mile of Stanford ($3,958); USC ($3,604); and UCLA ($3,541) will cost students a pretty penny. When it comes to USC and UCLA, students will have to pay about $1,000 more than their respective city’s average rent price.

Students who attend UC Riverside, UC Santa Barbara and UC Davis pay the lowest rental prices for apartments located near California universities. The average rent for an apartment near those three schools does not exceed $2,000, the study shows.

Click here to view the complete study findings .