Renting Off Campus: Finding Housing in Your Budget

Written by: David (he/him)

3 min read | Published: November 26, 2024

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Renting off campus offers more independence and flexibility, but it also can bring financial challenges. For many, rent is one of the biggest expenses. Whether you’re looking to save money or find a place close to campus, knowing how to navigate the off-campus housing market can make all the difference.

Start Your Search Early

Timing is everything when it comes to securing affordable housing. The best deals and locations often go quickly, so start looking several months before the semester begins. Reach out to current students and friends for leads on housing options — such as using social media groups and university bulletin boards — to find listings. Many schools even offer off-campus housing offices or resources that connect you with trusted landlords and property managers. On top of finding the best option for you within your budget, landlords and property managers often run specials the earlier you begin your search. These specials could save you a decent amount of money just for starting early.

Know Your Budget

Before you start searching, calculate how much you can realistically afford. Consider your monthly income, savings, and other expenses like utilities, groceries, transportation and entertainment. Be sure to factor in any upfront costs like security deposits, first and last month’s rent, and application fees. Setting a clear budget will help you avoid overspending and make it easier to narrow down your choices. When looking at rent prices, always ask if utilities (water, electricity, internet) are included. If they aren’t, estimate these costs so you’re not surprised later. You can often ask your landlord or research online what the typical costs are for utilities.

Location, Location, Location

While it may be tempting to pick the cheapest place you find, location matters. Consider how far your potential apartment is from campus. Is it close enough to walk or bike, or will you need to spend extra money and time on transportation? Also, research the surrounding area to make sure it’s safe and convenient for your lifestyle. Living a bit farther from campus can be cheaper, but the cost of commuting might offset your savings. Start by looking for housing that’s a 15- to 20-minute walk or bike ride from campus. You’ll save money and still be close enough to enjoy campus life.

Roommates Can Help You Save

Sharing your living space with roommates can significantly reduce costs. Splitting rent, utilities and groceries means you can often afford a larger or better-located apartment than you could on your own. However, choosing the right roommates is key. Make sure everyone is clear on expectations, like splitting bills, cleanliness and quiet hours. Communication is crucial to avoid conflicts down the road. If you don’t have friends who are able to room with you, use your school’s housing resources or social media to find roommates who align with your needs.

Understand Your Lease

Before signing a lease, read it carefully. Make sure you understand the terms, including the length of the lease, rent due dates, and policies for breaking the lease or renewing it. Pay attention to any additional fees such as maintenance, parking or pet fees, and know what’s required to get your security deposit back when you move out. If anything seems unclear, don’t hesitate to ask your landlord questions or seek advice from a local housing resources office.

As a final tip, always get everything in writing. If your landlord agrees to fix something or waive a fee, make sure it’s documented in the lease. Try to keep all communications over email or on a platform that is easy to track correspondence.

Renting off-campus can offer more freedom and space, but it’s important to do your homework to avoid financial stress. Start your search early, set a realistic budget and carefully review lease agreements. With the right approach, you can find a place that fits your lifestyle and your budget.