Student Housing 102: An In-Depth Look at Properties Leased By-the-Bed
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To help apartment firms navigate the specialized student housing market, this report examines the by-the-bed submarket within the student housing sector. 

It is a follow-up to NMHC’s September 2004 landmark study, Student Housing 101: Where are the Opportunities?, which offers a snapshot of 1,550 private off-campus student housing properties in 64 “college towns” across the country. 

Key findings include:

  • While by-the-bed leasing may be a growing trend within the student housing industry, it has only achieved a significant market share in two of the 64 college towns studied.  Only 132 of the 1,550 properties surveyed offered by-the-bed lease terms.

  • By-the-bed properties are typically much newer than traditional student apartments, with most of the inventory built in the 1990s and after 2000, compared to an average built date in the 1960s and 1970s for the entire sample of student housing properties.

  • Like by-the-unit properties, most by-the-bed properties are leased on an annual basis, but some offer shorter-term leases of six or nine months to coincide with semesters or the academic year.  In a limited number of markets, up to 100 percent of student properties offer shorter-term leases.


Student Housing 102: An In-Depth Look at Properties Leased By-the-Bed

  • Free to NMHC/NAA members
  • $200 for non-members. 
  • To order/download the report, click here.
    • NAA Members: Online orders cannot be processed for NAA members.  Please click here for an order form.
NMHC Student Housing Research Package: All of the NMHC student housing reports.
  • $1,700 for NMHC/NAA members
  • $2,500 for non-members
  • To order the package, click here.
    • NMHC Members: Be sure you are logged in to receive the member price.
    • NAA Members:  Online orders cannot be processed for NAA members.  Please click here for an order form.


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