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I 'i." ,.. ...., i\ ~-: t , rO --&r' r . d . I d th .. f . . RI f) /~t. (r:-) /.i lit. f apartments, It oes mc u e e vast maJonty 0 umts m arget/~'tfmlTmgs 0 30 or more units). There were a total of 9,560 rental units ine U~Jii3J'6survey. TABLE 15 ~ STIJDY AREA AP ARTMElIIT RENTS Second Quaner 1991 and 1992 -One Bedroom- --Two Bedroom- PCL PCL 1991 1992 Chanl!e 1991 1992 Chanl!e Roseville S471 $48S 3.1 $578 $600 3.7 Falcon Heights/Lauderdale. 449 452 0.7 527 533 1.0 SL Anthony 451 464 3.0 510 542 6.3 New Brighton 424 432 1.9 499 519 4.2 Mounds View 432 428 -1.0 509 499 -1.9 Shoreview/Arden Hills. 482 492 2.1 66S 676 1.7 Vadnais Heights 422 433 2.6 498 511 2.5 little Canada 476 484 1.6 575 S84 1.7 Study Area Total S459 $469 2.2 S540 $565 2.7 Note: Rents rounded to nearest dollar, percent change calculated prior to rounding. · Apartment Search combines data for Falcon Heights and Lauderdale and for Shoreview and Arden Hills. Sources: Apartment Search . Maxfield Research Group, Ine. Table 15 shows that average one bedroom rents are $469 in the study area, about 2 percent higher than in 1991. Roseville's rents are near the top, at $485 (3 percent higher than in 1991), with the range from $428 in Mounds View to $492 in. Shore- view/Arden Hills. Rents for two-bedroom units average $565 per month, nearly 3 percent higher than in 1991. Roseville's average two-bedroom rent is $600, nearly 4 percent higher than in 1991. The range is from $499 in Mounds View to $676 in Shoreview / Arden Hills. Table 16 shows rental rates for general occupancy apartment projects completed in the study area since 1984, ranked from highest to lowest on a rent per square foot basis. This data was collected by Maxfield Research Group, Inc. These newer proj- ects will be the primary competition for adult/few services senior projects (more so than senior congregate buildings) since they will attract younger, mobile seniors who do not need support services. As Table 16 shows, rents at these projects are much higher than overall rents (shown in Table 15), although we have adjusted the rents in Table 16 to include heat and one garage space. The average rent is $607 for a one-bedroom unit (compared to an average of $469 for all projects, as shown in Table 15) and is $744 for a two-bedroom unit (compared to $565 per month as shown in Table 15). The two Roseville projects have among the highest one-bedroom rents, $668 at Victoria Place and $644 at the Lexington, compared to an average of $607 per month for all newe~ projects. On a per square foot basis, rents are $.79 at Victoria Place 31