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Case Study

How We Generated 52,000+ Leasing Leads for The Stone Avenue Standard

At a glanceLive PPC Ads managed Google Ads for The Stone Avenue Standard, a Student Housing business in Tucson, AZ, from 2021: $522K in ad spend produced 52,265 leads at $10 per lead.

Case study: How Live PPC Ads generated over 52,000 leasing leads for The Stone Avenue Standard — a luxury student housing property near the University of Arizona in Tucson.

Ilya Bulychev

By

Founder & Lead Strategist, Live PPC Ads

The Stone Avenue Standard logo

Platforms We Manage for This Client

Google Ads
Client

The Stone Avenue Standardstoneavenuestandard.com ↗

Industry

Real Estate — Student Housing

Location

Tucson, AZ

Read Time

2 min read

Data verified through April 2026

52,265

Qualified Leads

$10

Cost Per Lead

$522K

Ad Spend Managed

2021

Client Since

The Client

The Stone Avenue Standard is a luxury student housing property located near the University of Arizona in Tucson. They offer premium apartment living tailored to university students with modern amenities, study spaces, and a prime location near campus.

Note: This is a housing-category account subject to special advertising restrictions.

The Challenge

Student housing advertising has unique constraints:

  • Cyclical demand — leasing seasons are concentrated around spring/summer for fall move-in
  • Housing advertising restrictions — Google and Meta limit targeting options for housing ads (no age, gender, or zip code targeting)
  • Competitive market — multiple student housing properties near campus competing for the same pool of incoming students
  • Young audience — reaching 18-22 year olds who may be making their first independent housing decision

Our Approach

  • Leasing season campaign scaling — heavy investment during January-August when students are searching for fall housing
  • University-specific targeting — campaigns focused on "University of Arizona apartments," "student housing Tucson," "off-campus housing UofA"
  • Amenity-focused ad copy — highlighting specific features that differentiate from competitors (furnished units, study rooms, proximity to campus)
  • Housing-compliant campaigns — all campaigns built within Google's housing category restrictions
  • Display and PMax — awareness campaigns targeting students browsing housing-related content

The Results

  • 52,265 leasing inquiries and leads
  • $522,442 in total ad spend
  • $10.00 average cost per lead — remarkable for student housing where each lease represents $6,000-12,000+ in annual rent revenue
  • Consistent occupancy maintained through strategic seasonal advertising

About This Campaign

Industry: Real Estate — Student Housing Platforms: Google Ads Location: Tucson, AZ (University of Arizona)

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