If you’re a student and are going to one of the universities in Houston, TX, you may be in the market for an apartment. The Medical Center has one of the highest concentration of apartments in the entire city of Houston. Price ranges are wide ranging including apartment features and amenities. Some students have tight budgets that require that they will qualify at certain apartment communities, while other students have larger budgets and are able to lease luxury apartment homes. There are many popular communities that will contain washer and dryers, while others boast higher end features including loft style apartment homes with concrete flooring and tall ceilings. Here are some of the more popular high end apartments for rent near the Texas Medical Center.

Constructed in 2009, this community is within walking distance of Rice University and Hermann Park. Its a smaller luxury apartment community with only 224 units on the entire premises complete with seven stories. Another great benefit of the community is the convenient access to the Metro Light Rail. This location will allow you to travel to some popular destinations without a vehicle. With a state of the art fitness center, spinning rooms, an executive business center, and WIFI in all common areas, residents realize that attention was paid to almost every detail. Interiors amenities are just as satisfying. From the large walk-in closets, to the high ceilings, to the wood floors, this is luxury living at its best.

Boasting a valet service and 24 hour concierge services, the Montage of Houston is a full fledged high rise in the Medical Center area. Apartment interiors include soaring 10 foot ceilings, floor to ceiling glass windows, hardwood floors in the kitchen, and stainless steel appliances. This community includes contemporary finishes and easily stands out from other apartment homes in the immediate area. These are a small sample of whats available in the area for rent. If your in the market for Houston Medical Center apartments, these may be possible rental options for you.

College towns are great places for real estate investments because they have a steady stream of students and faculty in need of housing, as well as having the potential for growth as the universities expand. College towns are inviting even to those concerned about a location’s job market. Many retirees in fact are choosing to move to college towns because of the variety of cultural and lifestyle benefits college towns offer. The U.S. population is expected to grow about 1 percent a year between now and 2050, but towns and cities with large universities will grow at three times that rate.

According to The New York Times. “With demand for private student housing expected to remain strong for the next several years, industry experts say, investors can almost bank on steady rent increases regardless of economic conditions or the interest rate climate.” Additionally, the cap rates will often exceed those of multifamily homes.

As universities grow because of the increasing student body population, onsite housing is often insufficient to meet the housing needs. Many students are either forced to or choose to live off campus. These students make up a steady stream of potential renters. Because of the high demand for off campus rentals in college towns they are often less vulnerable to housing price declines than non university towns. When renting to students, be sure to get a substantial deposit to cover damage and cleaning costs, or in case your tenants decide to stop paying rent. Students may not be the easiest on your property so be sure the security deposit you collect is adequate.