CONSENT OF INDEPENDENT AUDITORS

We consent to the incorporation by reference in the Registration Statements of 
Equity Residential Properties Trust on Form S-3, as amended (File No. 
333-12211), and the related Prospectus, of our report dated November 7, 1996 
with respect to the Combined Statement of Revenue and Certain Expenses of the 
1996 Acquired Properties for the year ended December 31, 1995, in the Current 
Report of Equity Residential Properties Trust on this Form 8-K/A, which amends 
the previously filed Form 8-K, dated November 15, 1996.




                                                Ernst & Young LLP

Chicago, Illinois
April 3, 1997