Studying in the UK is a dream for many international students. But living abroad means managing money wisely. High rent, daily expenses, and unfamiliar financial systems can make budgeting feel overwhelming.
Thankfully, we’re here to help. This guide shares proven strategies to manage your rent and living costs. You'll also learn how to make smart financial decisions while enjoying university life in the UK. Whether you're staying in student accommodation, student housing, student apartments, or student rooms, this blog is your go-to resource.
Understanding UK Living Costs
Before budgeting, it's essential to know what you'll spend on. Average monthly costs for international students include:
Living in London is more expensive. Cities like Leeds, Manchester, and Sheffield are more affordable. Choose wisely.
1. Pick the Right Student Accommodation
Rent is your largest monthly expense. Save money by selecting the right accommodation. Consider these tips:
Share a flat or house with other students.
Live slightly outside city centres for lower rent.
Select all-inclusive student apartments or student rooms to avoid extra costs.
We make comparing options simple. Whether it’s en-suite student housing or budget-friendly student apartments, you’ll find listings to suit your needs.
2. Cook Your Meals
Food adds up fast, especially if you eat out regularly. Cooking at home saves money and is healthier. Here's how to cut grocery costs:
Shop at Aldi for affordable groceries.
Plan meals and batch cook once or twice a week.
Split grocery costs with flatmates when possible.
3. Use Student Discounts Everywhere
As a student, you’re entitled to discounts in many places. Never miss a chance to save:
Apply for a TOTUM card for retail and food discounts.
Use UNiDAYS and Student Beans apps for online deals.
Buy a 16-25 Railcard for a third off train tickets.
Always ask stores and restaurants if they offer a student discount.
4. Choose All-Inclusive Rent
Some student accommodations include utilities in the rent. This makes budgeting easier. No surprise bills at the end of the month.
If you're in private student housing, check if Wi-Fi, gas, electricity, and water are included. Always read the fine print.
5. Create a Realistic Monthly Budget
Track your income and expenses to avoid overspending. Follow this simple budget rule:
50% of your money goes to essentials.
30% is for leisure and non-essentials.
20% should go to savings or emergencies.
Use free budgeting apps like Monzo, Emma, or Revolut. These apps categorise your spending and help you stay in control.
6. Be Aware of Hidden Costs
Hidden costs can catch you off guard. Prepare for them early:
Deposits and Fees
Landlords often require deposits equal to 4–6 weeks' rent. Ask if there are any holding or admin fees. Understand refund policies.
Council Tax
Full-time students are usually exempt. You must provide proof of student status. Register with your local council after moving in.
Utility Bills
If your rent isn’t all-inclusive, keep bills low:
Turn off unused lights and appliances.
Take shorter showers and reduce heating time.
Use LED bulbs and energy-efficient devices.
7. Save on Transportation Costs
Transportation can drain your budget, especially in big cities. Consider these options:
Get a Travel Discount
Buy a student travelcard or bus pass.
In London, apply for a Student Oyster card.
Use Megabus or National Express for cheap intercity travel.
Walk or Cycle When You Can
Cycling is eco-friendly and budget-friendly. Some universities offer bike hire schemes. Walking saves money and helps you stay fit.
8. Increase Income While Studying
Working part-time is a great way to cover costs. UK law allows international students to work up to 20 hours per week during term.
Popular Student Jobs
Barista or retail assistant
On-campus library or reception jobs
University ambassador or tutor
Paid Internships and Placements
Some degree programs offer internships as part of the curriculum. These provide valuable experience and extra income.
Look for Scholarships
Many universities offer scholarships to international students. These are based on merit or financial need. Apply early to increase your chances.
9. Compare Your Living Options
Choosing between university halls and private student housing can impact your finances and lifestyle. University halls usually cost between £130–£200 per week and often include bills, making them convenient. They offer a vibrant social experience but come with less privacy and rigid contracts. In contrast, private student housing typically costs £95–£180 per week and may not always include bills. However, it offers greater privacy, more flexible contracts, and often better amenities. While university halls are ideal for those who prioritise social life, private student apartments provide more independence and comfort. We help you explore and compare these options through StudentTenant.com, ensuring you find what suits your budget and preferences best.
10. Reduce Entertainment and Lifestyle Costs
Social life matters, but you can enjoy it without overspending. Try these tips:
Attend free university events and workshops.
Use student nights for discounts at clubs and cinemas.
Stream music or movies using student subscriptions (Spotify, Amazon Prime, etc).
Plan social activities around deals. Invite friends over for movie or game nights instead of expensive outings.
11. Track Spending Weekly
Stay on top of your budget by reviewing expenses weekly. Use your bank's app or a digital wallet. Categorise your expenses. Adjust your budget monthly based on actual spending.
Infographic: Smart Budgeting Tips for UK Students
Share student accommodation
Choose all-inclusive rent options
Use student travel cards
Cook instead of eating out
Apply for part-time jobs
Monitor utilities to reduce waste
Attend free university events
Use budgeting apps
Split bills with flatmates
Apply early for scholarships
Final Thoughts: Budget Smart, Live Better
Studying in the UK offers unforgettable opportunities, but managing money wisely is key to enjoying them fully. From choosing the right student housing to tracking daily expenses, staying on budget helps reduce stress and improve your well-being. We make it easier by offering tools, insights, and up-to-date listings through StudentTenant.com, giving you the confidence to pick affordable student accommodation, share student rooms, or explore value-packed student apartments. With smart planning, you'll save money without missing out on fun. Eat well, travel smart, and spend intentionally. Make every penny count—live wisely, study confidently, and enjoy your time abroad with peace of mind.