HomeUnion, an online residential real estate investment management firm, compiled a list of the colleges with the most expensive off-campus housing. The site compared the median rent within a two-mile radius of the university's campus to the market-rate rent for the larger metro area to find which schools have inflated rent costs near campus.
Universities in California — Los Angeles-based UCLA and Stanford, located on the outskirts of San Jose in Silicon Valley — earned the top two spots, with students paying more than 50% the market rate to live close to campus. Though notorious for its high cost of living, New York City landed at No. 10 on the list, likely due to the fact that prices remain high throughout the city and don't necessarily spike close to New York University's campus.
Read on to see the full list of the most expensive colleges to live near.
