So, you’ve cracked your exams, secured your dream university, and now you’re about to take off on
your study abroad adventure. But wait—have you checked the rent prices? That cozy shoeboxsized room in London, New York, or Sydney might just cost more than your entire semester’s tuition! We get it. Renting a place abroad can be stupid expensive, but with a few clever budget accommodation hacks (and maybe some solid negotiation skills), you can live comfortably without going broke. Let’s dive into the ultimate hacks to find a comfortable, affordable home away from home.
Ditch the Solo Life—Get Roommates & Split the Bill
Unless you enjoy talking to your reflection, shared accommodations are the way to go.
Hack: More roommates = less rent.
Splitting rent, utilities, and even groceries with housemates can save you hundreds of dollars every
month.
Where to find roommates?
- University WhatsApp groups & Facebook pages
- Apps like Roomi, SpareRoom, Badi
- Student housing platforms like Amber, UniAcco, or HousingAnywhere
Pro Tip: Find roomies with similar lifestyles. You don’t want to be the one waking up at 7 AM while
your roommate is still blasting Punjabi beats at 3 AM.
Bonus Hack: Some landlords offer discounts for groups renting together—so gather your squad
before signing the lease!
University Dorms: The OG Student Accommodation
Living on campus? It’s not just about rolling out of bed five minutes before class!
Hack: University dorms might seem pricier at first, but they save you money in the long run by
eliminating daily commuting costs (which can be crazy expensive). Most dorms include utilities,
internet, and even meal plans in the rent.
Pro Tip:
- Apply early—dorms fill up faster than concert tickets
- If you’re a social butterfly, shared rooms cost even less than private ones
- Some universities offer meal plans—so you don’t have to survive on instant noodles
Homestays: Cheap Rent & Home-Cooked Food
If you’re not ready to adult full-time yet, consider homestays. You live with a local family, get a
private room, and sometimes even meals included. Plus, no landlord chasing you for rent every
month!
Yes, you’ll have curfew vibes again, and your host family might judge your eating habits (No, Aunty,
I don’t want salad, just extra fries please). But hey, free food and cultural immersion? Worth it!
Pro Tip:
- Look for university-approved homestays to avoid scams
- Websites like Homestay.com & Host Families
- Build a good bond—you might get free rides, extra meals, and even weekend trips
Negotiate Like a Desi Parent in a Street Market
Did you know you can bargain with landlords just like you do in Sarojini or Colaba Causeway?
How to do it right?
- “I can pay X upfront if you lower the rent by Y.” (Landlords love upfront payments!)
- “My university is nearby, and many students are looking for places. If I like this, I can recommend it to friends!”
- Ask for discounts on long-term leases. The longer you stay, the more likely they’ll lower the rent.
Short-Term Rentals First, Long-Term Lease Later
Landlords love to trap desperate students into long-term leases. Don’t fall for it! Book short-term
housing first, explore the area, and then commit to a place.
Reality Check: That “perfect” apartment you booked from India? Turns out it’s next to a nightclub
with bass so loud you can feel it in your soul. That’s why seeing a place IRL before signing is a
must
Pro Tip:
- Airbnb, Hostels, or Student Residences for the first month—then house-hunt stress-free
- Avoid signing a lease without viewing the place in person
- Always check for hidden costs—some landlords sneak in extra fees for WiFi, heating, or even “window cleaning”
Furnished vs. Unfurnished – Do the Math
Some apartments come unfurnished, meaning you’ll have to buy everything from a bed to a
fridge. Others come fully equipped, but might charge a little extra in rent.
What’s cheaper?
- If you’re staying less than a year, opt for furnished places to avoid spending on furniture.
- If staying 2+ years, buy second-hand furniture (IKEA, Gumtree, Facebook Marketplace).
Say Yes to Student Discounts & Housing Grants
Many universities offer housing grants & financial aid for international students. You just have to
ASK!
- Check university financial aid offices
- Look for city-specific student benefits (Germany, Netherlands, and Canada offer subsidised
housing for students!)
Pro Tip: Banks abroad sometimes offer rent discounts if you sign up for a student savings account.
Ask your bank before paying full rent!
Studying abroad is already a big investment, but with these budget accommodation hacks, you won’t have to live off instant noodles just to afford rent. Be smart, plan ahead, and choose wisely—because you deserve a comfortable space without breaking the bank. While you focus on settling in, Lorien Finance will take care of your finances with loans that make studying abroad stress-free. Ready to take off? Let’s make your dream a reality, together!
Now go find your home away from home—without breaking the bank!
