Budget

When considering your off-campus housing options, it may be wise to start with your personal budget. While the "sticker price" of an off-campus house or apartment may appear to be lower than the cost of living on campus, you may be surprised at how quickly additional expenses add up. 

What Can You Afford? 

Before signing a lease, you should evaluate your monthly budget, starting with your anticipated income and your expected expenses. Will the property you've selected fit within your budget without placing a significant financial strain on you, your roommates, and/or your parents? If the budget looks too tight for comfort, you may want to take a look at a few other options before signing. 

You can find budgeting tips and tools through the Federal Student Aid page on Creating Your Budget (opens in a new window). 

Average Off-Campus Costs in Oxford

According to a survey of off-campus juniors in 2017, there is a wide range of costs for rental units and houses in Oxford. The pricing situation is complicated by the fact that many properties charge students rent per semester, rather than per month. 

Monthly Averages

The monthly average for an off-campus apartment is $503.45, with a range from $450 to $800 per month (per person).

The monthly average for an off-campus house is $584.56, with a range from $250 to $969 per month (per person). Please note there are very few off-campus houses that charge rent per month. 

Semester Averages

The semester average for an off-campus apartment is $3,667.45, with a range from $1,200 to $5,600 per semester (per person). 

The semester average for an off-campus house is $3,346.36, with a range from $1,880 - $4,880 per semester (per person). 

Average Utilities Costs in Oxford

According to a survey of off-campus juniors in 2016, here are the major utilities and how often they are included in rent: 

  • Gas: included as part of rent in 24.34% of responses
  • Electric: included as part of rent in 9.09% of responses
  • Water: included as part of rent in 38.42% of responses
  • Cable / satellite: included as part of rent in 26.98% of responses
  • Internet: included as part of rent in 38.74% of responses

While there are some limitations to average costs reported here (because the data is self-reported by students), the average utility costs per person per month is about $80.