About Us [email protected] Telephone 01522 338204
How Much Does Student Accommodation Cost
Student Articles

How Much Does Student Accommodation Cost

Written by Sam | April 29, 2021

Student accommodation can vary greatly between the type of accommodation you want to live in and where you go to university. If you are an international student who can’t apply for a student loan, then your fees will be higher than a UK citizen as it won’t be subsidized by the government.

As mentioned in a previous article, there are a few different types of student accommodation you can live in, they are:

  • University Halls
  • Purpose Built Student Accommodation or privately managed halls
  • Private Rented Student Housing

Within these you can live in a multitude of rooms, for example:

  • Studio
  • Twodio
  • House
  • Flat
  • Apartment

This isn’t an exhaustive list but just an example.

Student Rooms & Prices

The type of room you have can move the rent up or down. If you live in a shared house, the rent will be cheaper than living in a studio.

Many students like to have their own bathroom space (en-suite) and again this is slightly more expensive than living in a shared house with a shared bathroom.

The most expensive type of room is a studio, this is where you won’t share a kitchen, bathroom or living room and you will live by yourself.

They are more expensive because they require more space than just a room and they can get less students in.

The cheapest type of student accommodation to rent is a shared house with a shared bathroom. This is because you just have the room to yourself and everything else is shared with the other students.

Location & Price of Student Accommodation

If you want to live in a central location, expect this to be more expensive than living further out.

The reason for this is because, if you live in the centre, everything is easy and university is usually within walking distance and many of students will be after this type of accommodation and this means the price goes up for the accommodation.

There is nothing wrong with living slightly further out, most students tend to live between 10-20 minutes away from university because they offer the most value between price, commute and quality.

Average Cost of Student Accommodation in the UK

In 2020, the average student rent came to £126 per week, or £547 a month, however, students in London can expect to pay an average of £182 a week, or £640 a month.

The average annual cost for students is £4,914 (based on a 39-week contract). Most rents include bills of some kind, although one-third of students will pay bills on top of rent.

Bills & Student Accommodation

If your tenancy doesn’t have all bills included then this will need to be added on top of your rent. This is where you need to make sure you have done all your calculations.

Will bills it’s always good to add on more because in the winter you will use more and summer less, however, you don’t want to be caught short!

If the rent doesn’t include bills, I would say add an extra £20 per week for a rough estimate to make a weekly figure. If you wanted to be super safe, I would probably bump it up to £30.

The good thing about bills is that you are somewhat in control of how much you use. If you leave appliances on then your bills will be more, if you turn them off, your bills will be less. The biggest bill is usually the heating bill, but the one that people care most about is the WiFi.

If you have bills included, you need to make sure that you don’t go over the fair usage amount, this will be in your tenancy.

Where you don’t have bills included and you want someone else to manage and set them up for you, there are company’s out there that will help you and charge you for it. We partner with Glide, but there are other companies out there.

Contract Lengths

When you are searching for student accommodation in particular, they will have different contract lengths, this is important because when you choose a shorter length, the price will rise slightly, and when you choose a longer contract, it will come down slightly.

When looking around, make sure you know how long you want to stay and the price for that contract length.

For student housing, you don’t really have this problem as they usually have set contract lengths.

On the flip side you can get short term student accommodation which is then a different gig altogether.

Summary

How much does it cost, well that depends on a lot of factors. When you are figuring out cost, have a look at a few accommodations and houses and then try and pick an average.

If you want bills included make sure they are in there and if not, don’t forget to add them in because they certainly add up over the year.

The average rent is £126 per week outside of London and in London it is £182 per week.

Make sure you follow our process when searching student accommodation to make sure that you get the best quality places.