Off-Campus Housing Summer Dilemma

Student Lounge College Life
1

I’ve been considering renting and moving into a small house or apartment for a few months now after this semester. However, the one thing that is keeping me from making a solid decision is that I don’t plan to live in my rental property during the summers between academic years so I can work near my parents’ house. I understand that most standard leases are 12 months.

I know subletting (sub-leasing) is an option, but my campus is in a rural area and the student life is pretty much non-existent, so people pretty much go home after schooling. Plus, I reckoned it’ll be hard to find someone to sub-lease for just 3 months in the summer.

Should I just take the hit every summer and throw away 3 months of rent OR should I just stay on-campus housing which has a higher monthly rent rate, but the lease is only during the academic school year (not summer)?

2

Who is paying? What do they think?
What is the over all cost for both options?
Do some people stay on campus for summer research?

3

You need to look at total cost. Is 12 months off campus cheaper than 9 months on? Also, it is common to rent the summer to kids staying for summer school. You could make a great deal that can offset some of the summer rent.

4

It literally comes down to the total cost. I’ll bet that a 12 month off campus lease is still cheaper than a 9 month on campus lease because on campus housing costs are SO INFLATED.