Private nonprofit · Chicago, IL
Illinois Institute of Technology
6,507 full-time students in fall 2024 and college-controlled housing for 1,798: about 27.6 beds for every 100 full-time students. The other 4,709 live somewhere the college doesn't control. That is the outer edge of the private market, before you take out commuters and students living with family.
Enrollment
Of 8,834 students enrolled in fall 2024, 3,135 were undergraduates and 5,699 graduate students. 20% studied exclusively online, students who don't need a bed near campus. Headcount rose by 271 from fall 2023 (+3.2%).
Housing the college controls
IPEDS counts 1,798 beds of institutionally controlled housing for 2024-25. That figure is the school's own capacity, on or off campus, so it includes halls the college leases or manages but not private buildings that simply market to students. Capacity grew by 76 beds from the year before (1,722 in 2023-24).
What students pay
The typical 2024-25 housing charge for a student sharing a room was $9,400 for the academic year, roughly $1,044 a month spread over nine months. Food added $8,306. For aid purposes the school budgets $17,356 for food and housing on campus and $15,525 for a student living off campus away from family, $1,831 less.
Those are the college's own figures. Private by-the-bed rents near campus can sit well above or below them, so check current asking rents before you underwrite a project.
How lenders read a campus like this
At 8,834 students the campus is below the 10,000-student minimum in Fannie Mae's Multifamily Guide for Dedicated Student Housing (Part III, Chapter 1, section 103.01). Freddie Mac has no stated enrollment floor, but its own product summary says most of its student housing loans are at schools with 15,000 or more students. Banks, debt funds and conventional multifamily programs are the likelier lenders here.
To size a specific property, use the student housing loan sizer. It works by the bed and shows which constraint sets the loan.
Among the 21 Illinois campuses on this site, Illinois Institute of Technology ranks number 11 by full-time students beyond college housing. See the Illinois table.
Other campuses in Chicago
- Columbia College Chicago: 5,295 full-time, 2,105 beds
- DePaul University: 18,630 full-time, 2,736 beds
- Loyola University Chicago: 15,057 full-time, 4,957 beds
- Roosevelt University: 3,519 full-time, 858 beds
- Saint Xavier University: 3,071 full-time, 520 beds
- School of the Art Institute of Chicago: 3,135 full-time, 1,032 beds
- University of Chicago: 16,964 full-time, 4,572 beds
- University of Illinois Chicago: 28,375 full-time, 3,589 beds
| Measure | Value |
|---|---|
| Total enrollment, fall 2024 | 8,834 |
| Total enrollment, fall 2023 | 8,563 |
| Full-time students | 6,507 |
| Undergraduates (full-time) | 3,135 (2,675) |
| Graduate students | 5,699 |
| Exclusively online | 20% |
| College-controlled housing capacity, 2024-25 | 1,798 |
| Capacity, 2023-24 | 1,722 |
| Beds per 100 full-time students | 27.6 |
| Typical housing charge, academic year | $9,400 |
| Typical food charge, academic year | $8,306 |
| Aid budget, food and housing on campus | $17,356 |
| Aid budget, food and housing off campus | $15,525 |
| All first-time, full-time students required to live in college housing | No |
| Combined food and housing charge (if not split) | not reported |
IPEDS unit ID 145725. Cook County. School website. Figures are as the institution reported them to the National Center for Education Statistics. The live-on question asks whether every first-time, full-time student must live in college housing; a school with exemptions or a later-year requirement can answer no. How this data is built.