UNIVERSITY PARK, Pa. — Graduate apartment lease rates at Penn State’s University Park campus would increase by approximately 2% per month for the 2020-21 academic year under a proposal approved today (Sept. 12) by the Penn State Board of Trustees Committee on Finance, Business and Capital Planning.
The proposed rates, which apply to the White Course Apartments, will go to the full board for consideration and final approval on Sept. 13.
If approved, lease rates would increase between $18 and $29 per month to help offset operating and facility maintenance costs. The rates are inclusive of all utilities, laundry, cable TV, wireless internet and parking.
“By approving these rates in September, graduate students will have accurate information to help facilitate their decision regarding housing options for the following year,” said John Papazoglou, associate vice president for Auxiliary and Business Services at Penn State. “The increases will cover all estimated changes in expenses and keep the University competitive with housing rates in the local community.”
The monthly rate for a one-bedroom apartment would increase by $23 per month to $1,168, while a two-bedroom unit would lease for $1,321 per month, a $26 increase over 2019-20.
The rate for three-bedroom units would increase by $29 per month. Three-bedroom units with a single bathroom would lease for $1,459 per month, while three-bedroom units with one and a half baths would lease for $1,474 per month.
Four-bedroom quad apartments, which accommodate four people who each pay a portion of the total monthly cost, would lease for $938 per person in 2020-21, an increase of $18 per person over the current monthly rate.
Within the White Course Apartments, located on the west end of campus, there are 154 apartments reserved for single graduate students and graduate students with families. Additional information about graduate housing can be found at https://housing.psu.edu/graduate-family-housing.