How the student accommodation budget works
Last updated 10 November 2026
Rent is only one line. Utilities, the deposit and getting to campus all count.
How it works
- Each cost is turned into a yearly amount and the total is shown by year.
Worked example
With the starting figures:
- The example costs R 59 900 in the first year, or R 4 992 a month.
Rent is only one line
A place to live costs more than the rent. Utilities, a deposit, furniture, internet, food and getting to campus all count. This calculator lists each cost, turns it into a yearly amount and shows the total by year, so you can compare a res room, a shared flat and a place of your own.
Costs people forget
- The deposit, which is usually paid up front and returned later if there is no damage
- Electricity, water and internet, which are not always included in the rent
- Transport to campus, including parking or a bus pass
- Furniture, bedding and kitchen items
- Rent during holidays, which some leases still charge
- Insurance for your belongings
How the totals work
Each cost is converted to a yearly amount, whether you enter it per month, per term or once. The result shows the total for the first year and the average per month. Later years rise by the increase you enter, because rent and utilities tend to go up.
Reading a lease
Before you sign, read the lease for the notice period, the deposit rules, the penalty for leaving early and who pays for repairs. Sharing a flat can also mean being responsible for the whole rent if a flatmate leaves. Ask questions before you commit.
Where the starting amounts come from
The numbers shown when the page opens are examples. Replace them with real quotes. For the rest of your costs as a student, use the student budget planner and the university cost planner.
Comparing options
Run the budget once for each place you are considering and compare the totals and the monthly average. A res room may include meals and utilities, while a flat may need you to add food, electricity and travel. The cheapest rent is not always the cheapest place to live.
Things to watch
- Read the lease for notice and deposit rules.
Before you sign a lease, ask what is included in the rent, whether the deposit is refundable and how electricity and water are charged. A cheaper room that is far from campus can cost more once transport is added.
Your institution’s own rules always decide your marks. Read the full disclaimer.