During a recent West Lafayette city council meeting, significant concerns were raised regarding the proposed rental rates for new student housing developments near Purdue University. A local resident expressed frustration over the anticipated monthly rent of $1,800, which she argued would be unaffordable for most graduate students, particularly when compared to existing rental prices of around $425 per person for similar accommodations just a few years ago.
The resident highlighted the disparity between the proposed rates and the financial realities faced by graduate students, questioning how those on limited stipends could manage such costs. She emphasized that many students would struggle to afford housing at these rates, which she deemed as catering primarily to wealthier individuals.
Another speaker, a recent Purdue graduate, echoed these sentiments, sharing his own experience of living in affordable housing during his studies. He noted that the current proposal would significantly alter the landscape of student housing, making it less accessible for those who need it most.
In response to these concerns, representatives from the development team clarified that the new apartments would be a mix of market-rate and student-oriented units, designed to accommodate a variety of tenants, including young professionals and families. They assured attendees that the project aimed to replace outdated structures and improve the overall housing situation in the area.
The council ultimately approved the petition for the new development, which will now proceed to the next stage of the approval process. The discussions highlighted ongoing tensions between the need for affordable housing and the realities of market-driven rental prices in college towns.