1237 West Fullerton is privately-operated housing for up to 590 DePaul University students, and it’s currently offering a month’s free rent.
The 2011-12 rates start at $990 per month for four students sharing a tight 4-bedroom, 2-bath unit totally lacking in closet space – not even a coat closet. But hey, you’re so close to campus you won’t need a coat.
If you’d like an XL (we presume that’s extra large) bedroom, and want to share with only one other person, you can step up to a 2-bedroom, 2-bath, closet-free unit that will set you back $18,900 for the academic term.
The 1237 West Web site notes that “financial aid can be applied,” ensuring that some students will continue to pay for their rent 20 years after they’ve moved out.
Very true. Actually, this was originally named Loft Right. I’m not sure why the name change — management or PR related — but I know it got a lot of negative feedback from the first student residents after it was built.
All student housing runs at an excessive premium.
boiztwn,
As the parent of a daughter who’s recenty paid that premium in such low-rent districts as Santa Barbara near the ocean and the heart of Greenwich Village, the rents here strike me as high.
They are high. Excessively high. Way out of market. Even if you break down generic dorm prices (take the annual expense, divide it by number of months, then divide by two since you have a roommate) they far exceed most studio apartment rents for the area.