I live in Austin. I find it completely baffling that the increase in rent is blamed on dense development in the area west of campus, and not on population growth coupled with the complete lack of any development at all in the area north of campus. Seriously, there is an enormous golf course with tons of one story, single family detached homes within walking distance of 1400$ a month studio apartments. I don't think it's the apartments that are the problem, I think it's the golf course.
Of course, all of these single family detached homes had signs telling you to vote against the most recent proposed change in the city's land development code.