Breaking Down The Different Types Of Inexpensive Student Housing Options

As a student, finding affordable accommodation is often a top priority. With the rising costs of tuition fees and living expenses, it’s essential to strike a balance between quality and affordability when it comes to housing. Fortunately, there are various options available for cheap student accommodation that can provide comfort, convenience, and a sense of community. In this guide, we will explore different avenues for affordable student housing, tips for saving money, and the benefits of choosing cheap accommodation without compromising on quality.

One of the most popular options for cheap student accommodation is on-campus housing. Many educational institutions offer dormitories or student residences that provide convenience and a vibrant community atmosphere. This type of cheap student accommodation near University of Melbourne often comes with inclusive utilities, internet access, and proximity to campus facilities such as libraries, dining halls, and recreational centres. The advantage of living on campus is the ability to immerse yourself in the campus experience, make friends easily, and participate in various extracurricular activities.

While on-campus housing may not always be the cheapest option, it often offers competitive rates compared to off-campus alternatives. Additionally, some universities provide financial aid or scholarships specifically designated for housing costs, making on-campus accommodation more affordable for students in need.

  • Off-Campus Housing

If on-campus housing is not available or doesn’t meet your preferences, off-campus housing can be an excellent alternative for affordable student accommodation. Renting an apartment or sharing a house with other students can often provide more independence and flexibility. Here are some options to consider:

  1. Shared Apartments: Renting an apartment with fellow students can significantly reduce costs. By splitting rent and utilities among roommates, you can enjoy a more spacious living environment while keeping expenses in check. Websites and online platforms dedicated to student housing, such as university bulletin boards and Facebook groups, can be helpful resources for finding potential roommates and available apartments.
  2. Homestays: Another affordable option is to consider homestays. Some families offer rooms for rent to students, providing a comfortable living environment and the opportunity to experience local culture firsthand. Homestays often include meals, laundry facilities, and a supportive family environment, making them an attractive choice for international students seeking affordable accommodation with a sense of belonging.
  3. Subletting: Subletting is an option to consider if you’re looking for temporary and budget-friendly accommodation. It involves renting a room or an apartment from a tenant who is temporarily away. Sublets can be an excellent choice for short-term stays or study abroad programs, allowing you to save money and avoid long-term lease commitments.
  • Student Co-operatives

Student co-operatives, also known as co-ops, offer an alternative housing model that focuses on affordability, community, and shared responsibilities. In a student co-op, residents actively participate in the management and maintenance of the housing community, which helps reduce costs and fosters a sense of ownership. Co-ops often have lower rent prices compared to traditional housing options and may include shared spaces such as kitchens, common rooms, and study areas. Additionally, co-ops provide an excellent opportunity to form lasting friendships and engage in collaborative activities with fellow students.

  • House Sitting or House Exchange

For students with more flexible housing arrangements, house sitting or house exchange can be an exciting and cost-effective option. House sitting involves taking care of someone else’s home while they are away, while house exchange allows you to swap homes with another student or homeowner temporarily. These options often come with reduced or no rent payments, providing a unique opportunity to explore different cities or countries while enjoying comfortable accommodations.

Tips for Saving Money on Student Accommodation

  • Start your search early: Begin looking for accommodation well in advance to secure the best deals and availability.
  • Set a budget: Determine your budget for accommodation and stick to it. Consider not only the rent but also other expenses such as utilities, internet, and transportation.
  • Share with roommates: Sharing a living space with roommates can significantly reduce costs. Consider finding reliable and like-minded individuals to split the rent and other expenses.
  • Consider the location: While proximity to campus is convenient, living slightly farther away from the university can often result in cheaper accommodation options. Balance the distance with transportation costs and accessibility.
  • Negotiate rent: If you find a potential accommodation option, don’t be afraid to negotiate the rent with the landlord. Inquire about any discounts or special offers available.
  • Look for inclusive utilities: Opt for accommodation where utilities such as electricity, water, and internet are included in the rent. This can help you avoid additional monthly expenses.
  • Utilize student discounts: Some landlords or rental agencies offer student discounts or exclusive deals. Make sure to inquire about any available discounts when searching for accommodation.
  • Consider part-time work: If your schedule allows, consider taking on a part-time job to help cover accommodation costs. Many universities have job boards or career centres that can assist you in finding employment opportunities.
  • Explore government assistance programs: Check if there are any government assistance programs or grants available for student housing. These programs can provide financial support and make affordable accommodation more accessible.

Benefits of Choosing Cheap Student Accommodation

Opting for cheap student accommodation has several benefits beyond cost savings:

  1. Financial Flexibility: By choosing affordable accommodation, you can allocate more of your budget towards other essential expenses, such as textbooks, food, and extracurricular activities.
  2. Community and Support: Many affordable housing options, such as on-campus dormitories or student co-operatives, offer a built-in community. Living among fellow students can provide a support network, opportunities for social interaction, and a sense of belonging.
  3. Convenience: Cheap student accommodation is often located near campus or easily accessible via public transportation. This proximity can save you time and money on commuting, allowing you to focus more on your studies and campus life.
  4. Learning Opportunities: Living in affordable accommodation can teach valuable life skills such as budgeting, household management, and fostering positive relationships with roommates.


Finding cheap student accommodation is an important aspect of student life. By exploring various options such as on-campus housing, off-campus rentals, co-operatives, house sitting, and house exchanges, you can discover affordable and comfortable housing that suits your needs. Remember to set a budget, consider location, and utilize resources such as student discounts and government assistance programs. Ultimately, choosing affordable accommodation allows you to save money, build connections with fellow students, and make the most of your college or university experience.

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