that is not remotely close to accurate. it is closer to $1500. i would not be able to find a one bedroom anywhere at all for less than $1200 + utilities. rooms run in the $800+ range and bachelors are consistently over $1000.
i'm going to pursue this, but the city appears to have set up a program and then not applied it's own definitions correctly. the frustrating thing is that the extra $500 isn't enough to open the market up, because it's still $100-200 less than the cheapest apartments.
it makes the program essentially useless, but i'm waiting on an email for an updated average price.