Average cost of student accommodation | How much can tenants expect to pay during the academic year?

While it’s possible to calculate an average cost for student accommodation, various factors cause significant variations in expenses. It is important to identify these determining conditions which may help prospective students find their most suitable accommodation and estimate the average costs from there.

Here are some of the most common factors that can influence the overall cost of student accommodation:

Accommodation type

University halls can sometimes be more expensive due to the inclusion of utilities and services in the rent. However, private halls of residence, typically run by private companies, can offer competitive rates and sometimes more modern facilities. 

It’s essential to consider what is included in the rent, such as utility bills, internet, and other services, when comparing costs.

Compare the different property types for more information here.

Room size

Larger rooms, those with en-suite bathrooms, or self-contained one-bedroom apartments are generally more expensive. Shared facilities or smaller rooms are more budget-friendly options. It’s important to weigh the benefits of additional space and privacy against the higher cost, especially when managing a tight budget.  

The location

The location of your student accommodation is one of the most significant determinants of its cost. Properties located closer to the city centre or university campus tend to have higher rents due to their convenience, such as university halls of residence. These areas often provide easy access to university facilities, public transport, shops, and entertainment venues, which makes them highly sought after.

On the other hand, student accommodation situated further from these central areas generally has lower rent prices. This may include private student halls away from the hustle and bustle of the city, and catered more towards students looking to save some money during the tenancy period. However, this trade-off may also include longer commute times and potentially higher travel expenses, which should be considered when budgeting.

Where in the UK

The cost of student accommodation can vary widely depending on where you are in the UK. Larger cities and popular student destinations typically have higher rents. For example, accommodation in central London is famously expensive, often reflecting the high cost of living in the capital. This is taken into account, and London students often will receive a higher maintenance loan amount.

Cities such as Manchester, Edinburgh, and Bristol also have higher-than-average rents, driven by strong demand from both students and the general population. Conversely, smaller towns and less popular student locations tend to have more affordable accommodation options.

Mansion Student provides purpose-built student accommodation across the UK in some of the most popular cities like Leeds and Nottingham.

For more information on our different accommodations, browse through our student locations guides here.

University halls of residence offer a range of options for students, typically priced according to the amenities and services provided. A 2023 survey found that the average monthly rent for students is £535, averaging between £125 to £135 per week. This cost generally includes utilities such as electricity, water, and internet, which can simplify budgeting for students.

The price can vary depending on the university and its location. For instance, universities in London charge significantly higher rents, with some halls costing upwards of £250 per week. In contrast, universities in smaller towns or less central locations might offer more affordable rates, sometimes as low as £90 per week.

Private student accommodation offers a broad spectrum of options, from shared houses to purpose-built student accommodations (PBSA). The cost of private student accommodation in the UK averaged £155 per week for an ensuite room, and £228 for a studio. However, this price range can vary widely based on location, the quality of the accommodation, and the services included.

Private accommodation often provides more flexibility and a wider range of living arrangements compared to university halls. Students might find options that offer better facilities, such as modern kitchens, gyms, and social spaces. Additionally, private landlords and companies sometimes offer shorter lease terms, which can be advantageous for students looking for flexibility.

When budgeting for student accommodation, it’s crucial to consider additional costs beyond the rent. Understanding these additional costs can help students better prepare and manage their finances, ensuring a smoother and more predictable university experience.

Other costs that may be associated with student accommodation include:

·        Utility bills - (electric, water and gas)

·        Laundry charges

·        TV licence

·        Council tax

·        Broadband connection

·        Maintenance repairs

Ensure you are checking the tenancy agreement beforehand to see if these costs are relevant to you. Often, bills are included in university halls of residence and modern private student accommodation. In shared housing, bills are typically an added expense and must be budgeted in the overall cost. Ensure you are also aware if you require a TV licence (approximately £159 per year) to watch live TV in your room by checking with the accommodation provider.

At Mansion Student, we believe in providing modern and functional spaces for tenants to help enhance the university experience. This includes offering luxurious areas to relax and socialise, such as common areas, outdoor spaces and cinema rooms, in our student accommodation properties.

For the different locations, all utility bills are included in the rent cost, including broadband, electricity, water, and gas. We also provide free contents insurance to protect your belongings and Wi-Fi within the overall cost. If you require further support with maintenance or security issues, our dedicated hospitality teams are available on-site.

Browse through our student accommodation locations here for more information.

What kind of insurance may you need as a student during term-time?

As a student, you may need contents insurance to protect your personal belongings against theft, loss, or damage. Some student accommodations include basic contents insurance in the rent, but it’s worth checking the coverage details. 

Additionally, health insurance is important, especially for international students who might not be fully covered by the NHS, as well as travel insurance if you plan to travel during your studies.

How much can an international student expect to pay when studying in the UK?

International students can expect to pay between £10,000 and £38,000 per year for tuition fees, depending on the course and institution. Living expenses vary, with estimates ranging from £9,000 to £15,000 per year, covering accommodation, food, travel, and other personal expenses.

For more information, read our expert guide on the best accommodations for an international student in the UK here.

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