I often get asked this question, and usually reply……“Well, it all depends. “
The “it” in this case is the “When” and that WHEN depends on WHAT type of apartment or housing is being sought.
The housing market around UK campus trends in different cycles depending on the number of beds sought. In general, larger properties (with respect to the number of bedrooms) tend lease and go off market earlier than smaller properties. Why? The reason is simple economics—the more bedrooms / property, the cheaper the price / bed.
Cost-conscious students tend to group with their friends to save money. As the market availability for rental houses around the University of Kentucky dwindles, student groups fragment and search for 3-BR and 2-BR properties. When the availability of 3-BR apartments becomes scarce, demand shifts towards 2-BR apartment buildings. Once the majority of 2-BR properties have been leased, then students scramble for 1-BR apartments.
Now, back to the question of “When”……in order to get a better sense of how apartments around UK have historically leased, please refer the table chart below.
|UK football home opener||Keeneland - Fall meet opening day|
|Keeneland - Fall meet opening day||Halloween|
|Thanksgiving||Fall semester final exams|
|Fall semester final exams||1st day of Spring semester classes|
|1st day of Spring semester classes||Valentine's Day|
|Valentine's Day||Spring Break / SEC Tournament|
|Spring Break / SEC Tournament||Spring final exams / Derby Day|
|Spring final exams / Derby Day||Memorial Day|
|Memorial Day||July 4th|
|July 4th||1st day of Fall semester classes|
|Excellent chance - "You Got This" / Sure thing|
|Good chance - "You Probably Got This" / Odds are in your favor|
|Fair chance - "You May Get This" / Even odds|
|Slim chance - "You Might Get This With Some Luck" / Don't be the farm|
|No chance - "You Ain't Getting This" / Fuggedaboutit|