University of Puerto Rico-Mayaguez

Enrollment

Of 10,618 students enrolled in fall 2024, 9,764 were undergraduates and 854 graduate students. 1% studied exclusively online, students who don't need a bed near campus. Headcount fell by 98 from fall 2023 (−0.9%).

Housing the college controls

The school told IPEDS it offers no institutionally controlled housing for 2024-25. Demand here is mostly from students who rent near campus or commute.

What students pay

No housing charge was reported. The financial aid office budgets $11,385 a year for food and housing off campus away from family.

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

With 10,618 students, most of them full-time, the campus clears the 10,000-student minimum in Fannie Mae's Multifamily Guide for Dedicated Student Housing (Part III, Chapter 1, section 103.01, effective September 28, 2026). Under sections 103.01 and 103.03 a property still has to sit within 2 miles of the campus boundary or near a college-run transit line, have operated a full school year, and lease at least 80% of units for 12 months.

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 10 Puerto Rico campuses on this site, University of Puerto Rico-Mayaguez ranks number 3 by full-time students beyond college housing. See the Puerto Rico table.