Is it Cheaper to Live in Student Accommodation?

Cost Comparison

University Halls vs. Private Rentals

University halls of residence are often seen as the more affordable option for first-year students. The rent typically includes all bills, such as utilities, internet, and sometimes even insurance. This makes budgeting easier since there are no unexpected costs. According to the National Student Accommodation Survey, the average cost of university accommodation is around £147 per week​.

Private rentals, on the other hand, can vary widely in price depending on the location, size, and type of property. For example, renting a studio in Leicester for students can cost anywhere from £120 to £180 per week, not including bills. Studios in Newcastle may range from £130 to £200 per week. While private rentals can sometimes offer more space and privacy, students will need to budget for additional expenses like utilities and internet​.

Private Halls

Private halls of residence offer a middle ground between university halls and private rentals. They often include all bills in the rent and provide amenities such as gyms, study areas, and social spaces. The cost is generally higher than university halls but can be comparable to or slightly less than renting a private studio with additional bills. The average rent in private halls is around £151 per week​.

Benefits of Student Accommodation

Convenience

Living in student rental accommodation, whether in university or private halls, offers convenience that private rentals might not. These accommodations are usually located close to campus, reducing travel time and costs. They also often come with maintenance services, which can save time and money when dealing with repairs.

Social Life

Student accommodation provides a built-in social network, which can be particularly beneficial for first-year students. Living with other students makes it easier to make friends and engage in university life. This social aspect can be less accessible when renting a private studio or apartment.

Security

Most student accommodations offer enhanced security measures, such as secure entry systems, CCTV, and on-site security personnel. This can provide peace of mind, especially for international students or those new to the city.

Flexibility

Contracts for student accommodation are often more flexible than private rentals. University halls typically offer contracts that align with the academic year, and some even provide summer extensions. Full-year contracts are also available for those who prefer not to move during the summer.

Finding An Affordable Student Accommodation

Determining whether it’s cheaper to live in student accommodation in the UK depends on various factors, including location, type of accommodation, and personal preferences. University halls often provide a cost-effective and convenient option, particularly for first-year students, while private rentals and private halls offer varying degrees of independence and amenities.

By understanding the different options and costs associated with student accommodation, you can make an informed decision that best suits your needs. Whether you’re looking at studios in Leicester for students, vibrant student communities in Newcastle, or other student accommodations across the UK, Project Student offers a range of housing options tailored to fit different budgets and preferences, ensuring you have a safe and supportive place to call home during your university years.