When we say “corporate apartment”, we’re referring to large, typically multi-story apartments, that are generally owned by large corporations or companies and have on-site offices. Within walking distance to campus, for example, the corporate apartments are concentrated within West Campus and are large newer construction buildings with amenities such as a gym or pool. Because of the upgrades and amenities, corporate apartments typically have higher prices than non-corporate apartments. There are actually a few newer construction condos in West Campus, but the majority of the large newer construction properties in the neighborhood are corporate. Corporate apartments in West Campus and Riverside offer installment contracts (you usually must pay 12 equal rent installments and rent is not pro-rated for a partial month, which increases your effective rental rate), typically have free cable & internet (and sometimes other free utilities, too), and those in West Campus usually charge for parking. They typically have higher non-refundable application and administrative fees and lower refundable security deposits than non-corporate apartments. Finally, corporate apartments are known for offering by-the-bed leases (some have conventional leases, too) and optional roommate matching, and you usually don't have to pre-pay the first full month's rent at lease signing like you do with some non-corporate rentals (e.g. pre-paying the first full month's rent at lease signing is standard when pre-leasing a condo or house near UT Austin).
Click here for more FAQs, or here for the Austin Residence homepage.