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Student Housing Preleasing Stays Strong; Rent Growth Slows Sharply Student housing preleasing reached 85.3% in June across Yardi 200 markets, ahead of the past two years, with 50 schools already over 90% preleased. However, rent growth continued to decelerate, rising just 1.3% year-over-year—the slowest pace since 2021. Markets with limited new supply and growing enrollment are seeing the greatest rent gains, while new deliveries and competition from the conventional apartment sector are impacting other locations.
Student housing preleasing reached 85.3% in June across Yardi 200 markets, ahead of the past two years, with 50 schools already over 90% preleased. However, rent growth continued to decelerate, rising just 1.3% year-over-year—the slowest pace since 2021. Markets with limited new supply and growing enrollment are seeing the greatest rent gains, while new deliveries and competition from the conventional apartment sector are impacting other locations.
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