$880 is how much people pay for a bedroom in someones else's house in my city.

*This is mostly because the zoning laws require all new apartment complexes to have one parking space per tenant which means land owners who want to develop their land to provide more density have to put in an underground parking garage on their lot which would make recouping the cost of development pretty much impossible (there's no room for surface lots). My city is almost entirely zoned this way which creates situations where the university is fully surrounded by single family homes that are "renovated" to provide jury rigged density.