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Managing your Money: Accommodation

Accommodation costs

Accommodation is the biggest expense for most students, so make sure to do your research and consider all the factors. You’ll want to find accommodation where you can comfortably live and study for the full academic year.

This is, of course, affected by your budget. Accommodation costs can vary based on number of housemates, amount of space, private facilities such as en-suites, and the location of the property. There are also separate halls for postgraduate and mature students away from the bustle of undergraduate life.

Tips for choosing your accommodation

What can you afford

Think carefully about what you can afford. The student finance calculator shows how much maintenance loan you will receive.

Remember that University-run halls of residence costs cover bills, whereas some private accommodation might not. Full-time students don’t pay council tax, but you will need to buy a TV licence if you watch live TV.

Rent instalments

Check how much your rent instalments are and when they are due. Accommodation payments are not always split into equal amounts, so make sure you know how much you owe and when.

NTU accommodation usually provides 44-week contracts, whereas private landlords may expect a full year of rent, whether you're there or not.


Think about the location of your accommodation, how you will get to university and how much travel will cost you.

Have a look at our Accommodation Tips guide for more information.

If your family live locally to the University, you may be thinking about living at home while you study. There are many factors to consider here, including how this will impact your maintenance loan.

The University’s Student Accommodation Service can further advise on accommodation fees and how to pay them, as well as what to look for when choosing your new home.

Upfront accommodation costs

Not only will you need to pay for your accommodation deposit, you may be required to pay a large instalment at the start of term one. Make sure you check what instalments are due when, as these may not be evenly split across the year.

You may also need to consider your accommodation deposit for the following year. Students often start looking for second-year accommodation as early as November in an attempt to secure the ‘best’. Don’t feel pressured into deciding early though, as there will still be plenty of accommodation available later in the year.

The cost of furnishing your accommodation comes down to personal choices and expenditure. UCAS have written a comprehensive list of everything you need to take to university. Many shops in Nottingham offer basic utensils and essentials at reasonable prices, so don’t worry if you forget something.

Any questions?

For tips and advice on keeping track of your finances and how to budget during university study, visit our Managing your Money page on the StudentHub.

If you have any further questions, please call +44 (0)115 848 2494 or email the Student Financial Support Service.