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Student Accommodation

24 ways to save money on renting

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Living away from home is one of the best parts of uni, but it comes at a price (literally!). Ease the burden by checking out our top tips to save money on rent.

terraced houses with £20 notes

Credit: Willy Barton – Shutterstock

Rent represents by far the biggest expenditure for students. In fact, our National Student Money Survey found that it accounts for around 41% of a student's monthly spend.

As there are sadly no voucher codes or deals when it comes to housing, rent can be a particularly tricky area to save money on. But, don't lose faith – we've used our money-saving expertise to come up with a whole host of tips for renters looking to find an affordable property.

Always properly check your tenancy agreement before signing anything.

How to save money on rent

Here is how to get cheaper rent:

  1. Live with multiple housemates

    When you're living with other people, your rent doesn't just cover your use of a room. It accounts for the fact that you'll be using the bathroom and kitchen, as well as any other shared living spaces.

    It only makes sense that when you live with more people (and more people are sharing those facilities), your share of the rent goes down. As a result, three-bed properties are usually cheaper per person than two-beds.

    And living with more people won't just save you money on rent. Some bills, including your broadband internet and streaming subscriptions, will cost the same no matter how many of you live there. The more people using it, the cheaper it'll be per person.

    Think about how many people you'd be comfortable living with, and whether or not you want to live with friends. If you think you could cope in a four, five or even six-person household, it could save you some serious cash.

    But, while living with mates can be amazing, it's worth noting that it can have its pitfalls. Check out the reasons why you should (and shouldn't) live with friends.

  2. Make a note of flaws when looking at houses

    notebooks and pencil

    Credit: Alexxndr – Shutterstock

    When you're viewing the property, look out for anything that might be wrong with it. Serious housing issues (electrical issues, structural damage, damp etc.) are big red flags telling you to live elsewhere, but more minor faults can actually be used to your advantage.

    Say there are some stains on the carpet or a dent in one of the doors. Realistically, you could probably live with those flaws and come to forget that they're even there, but there are plenty of houses out there that won't have any such issues.

    Let the landlord or estate agent know that you've noticed these issues, and when it comes to sealing the deal, explain that this is why you've submitted an offer below the asking price.

    As long as you're not asking for a huge reduction, or complaining about specks of dust, they should consider your offer.

  3. Reduce your rent during the summer

    If you and your flatmates intend to go back home during the summer, it's worth seeing if you can reduce your rent during this time.

    Some (but sadly not all) landlords will agree to let you pay half rent during the summer months, which is certainly nothing to turn your nose up at. They're unlikely to propose this themselves, so you'll have to be the one who brings it up. If you don't ask, you don't get.

    Alternatively, you could ask for a reduced tenancy length. Landlords are usually keen to have 12-month contracts (particularly in student areas, as they'll want to align the lettings to uni term times). But, it can benefit them to let you end your tenancy in May or June.

    A vacant property becomes a lot more susceptible to break-ins. From a landlord's perspective, it's probably better to let you end your tenancy so they can, for example, fill the property with guests from Airbnb.

    Try putting this argument to them, and who knows, they might just come around to your way of thinking.

  4. Ask for a break clause in your tenancy agreement

    When the UK was dragged into the first coronavirus-enforced lockdown in March 2020, students up and down the country made their way back to their family homes.

    Realising that they were unlikely to return before their tenancy expired, many asked their landlord for a rent discount or to cancel their contract early. However, in a lot of cases, students had no legal backing for this claim. Instead, they hoped that their landlord would be sympathetic to their situation.

    That's because many student tenancy agreements don't have break clauses in them. A break clause allows you (or the landlord) to end the contract before it officially ends – often after six months, with a notice period of a month or two.

    Without a break clause, you'll usually have no legal way to end the tenancy agreement early. And while we're all praying that several-month lockdowns won't be something to contend with in future years, there are other reasons you may want to leave your tenancy early (like dropping out of uni).

    There's no guarantee that your landlord will agree to give you a break clause as, ultimately, it could leave them without a tenant at short notice. But as ever: if you don't ask, you don't get.

  5. Offer to fix minor faults in a rental property


    Credit: Andrey_Popov – Shutterstock

    We suggested earlier how you could use imperfections in the property to ask for a discount. But if there are some scuff marks on the wall, or a curtain rail is coming loose, you could also ask your landlord to let you sort it out yourself in exchange for a reduction in rent.

    A small pot of paint or some screws should easily cost you less than a tenner, and as long as you manage to knock at least £1 a month off the rent (and we hope you'd negotiate a lot more than that...), you'll be saving money in no time!

    Just make sure that you'll actually be able to fix whatever the problem is, especially without making it worse. Otherwise, this money-saving exercise could become very expensive, very quickly.

  6. Rent an unfurnished or part-furnished property

    It might seem like a given that a furnished property will save you money as you won't have to splash out on beds, sofas, wardrobes and the like.

    But if you're smart about it, you could furnish the majority of your house for almost nothing at all. And as unfurnished or part-furnished properties are almost always cheaper than a furnished equivalent, this could equal some serious savings.

    Depending on how often you plan to go home, and whether or not you have access to a decent-sized car (or, better yet, a van), you could take your own bed and wardrobe with you. If this isn't feasible, worry not – you can still get your furnishings for almost nothing.

    Websites like Freecycle, Freegle and Gumtree are great for finding free furniture. We're not exaggerating when we say that you could fill your whole house just with findings from these treasure troves.

    As you'd expect, the quality of the freebies can be hit and miss, and you're unlikely to be able to get everything you need at once. But, having said that, some people do give away whole swathes of furniture on these sites when they move house, so you could really hit the jackpot.

    Also, if there's a charity shop near you that sells furniture, see if you can find any bargains there. In the past, we've found some great deals in a British Heart Foundation furniture store.

    The take-home message? If the property is missing any essential furnishings (beds, wardrobes, sofas), don't be put off straight away. Just account for the cost of transporting your free/cheap furniture, and see if it works out cheaper than renting a furnished place.

    Even if your house is fully furnished, you might want to add some of your own touches. Here's how to decorate your uni room on a budget.
  7. Always haggle on rent

    If you're dealing with a landlord directly, there's every chance that they won't particularly want to haggle. But, if you learn how to haggle and stick at it, they could be so keen to get it over and done with that you'll be able to 'win' the haggle, as it were.

    Even if you're dealing with someone who does enjoy haggling, there's no harm in learning how to do it and seeing if it saves you money on your rent anyway.

    Our list of the most expensive universities for rent will give you an idea of what to expect in your area. And you can use our rent calculator to work out just how much you can afford to spend each month.

  8. Don't get swayed by having rent and bills included


    Credit: HAKINMHAN – Shutterstock

    Ever thought it seemed too good to be true to have bills included with rent? Unfortunately, you may be right.

    Landlords who offer to include bills in the rent will usually add the condition of 'fair usage'. Your tenancy agreement should specify what this amount is, but it immediately dampens your dreams of 24/7 central heating.

    And, perhaps more importantly, paying your bills separately can be cheaper. Rent payments aren't flexible, so whether it's 30°C in August, -2°C in February, or you're all away for Christmas and everything in the house is turned off, you'll be paying the same amount.

    Ask how much the rent would be without bills included and do some quick maths to see what the cheaper option is.

    You might find you'd be better off asking to pay your bills separately and finding a good deal using our student bills comparisons. Once you've done that, check out our tips to save on your energy bills.

    If insulation is an issue in your house, ask your landlord to improve it. By keeping the heat inside, you'll save money on bills and reduce your carbon footprint. Win-win!
  9. Pay less rent for a smaller room

    Living with people who have a bit more cash to play around with? You could let them take the bigger room, and ask them to pay a little more rent (and you a little less) for the privilege.

    As long as your house has some kind of communal living area, you shouldn't need to spend too much time in your room, so there's really no need to pay for extra space that you won't be using.

    If you can fit a bed, wardrobe, desk and maybe a small TV in too, and still have enough space to navigate your way around the room, you're all set.

  10. Look at properties further away from your university

    Student houses that are closer to unis are usually more expensive. But, if you're a 'glass half full' kind of person, you can just as easily flip that around – houses that are further away are usually cheaper.

    If the transport links around your uni are up to scratch (and not too pricey), look for properties a little further out. And, even if the transport links near a particular property aren't great, see if the nearest bus stop or train station is within walking distance.

    Or, if you're a keen cyclist, why not just ride to uni each day?

    After all, what use is being within walking distance of uni if that's the only place you can afford to go?

    Research the cost of transport first. You don't want to end up saving £50 a month on rent, only to be shelling out £60 a month to get to uni.

  11. Look at a few properties before choosing one to rent

    roofs of terraced houses

    Credit: John Seb Barber - Flickr

    It might sound a bit tedious, but taking your time to view a few properties can help you save money on rent.

    A house might seem like great value for money, but how can you know if you haven't seen any others? Different areas will have different pricing scales, so while a room in one part of town might cost £100 a week, an equivalent in a house 10 minutes away might only cost £80.

    It's all about knowing what a certain amount of money will get you in a certain area, and the only way you'll find this out is by viewing properties for yourself.

    Bear in mind that estate agents and landlords are pretty good at taking flattering pictures of properties, so there's the potential for rooms to not be quite as big as they look online.

  12. Don't rush into signing the tenancy agreement

    Sellers love nothing more than a desperate buyer, and landlords/estate agents are no exception.

    The sooner you start looking for a property, the more power you have. If you know you've got a few weeks until you need to sign a contract, you might find you can afford to haggle or be a bit pickier about what you're after.

    However, if you're fast approaching your deadline, you have less bargaining power. Landlords will know you're desperate and will be unlikely to budge on the price.

    It can also be challenging in areas where there's a shortage of student housing.

    There's a risk that, if estate agents sense that you need a place ASAP, there's a chance that they'll take you to view some of the more overpriced/shoddy-looking listings that they've had trouble finding tenants for.

    The key is to start looking early. And, even if you're running out of time, play it cool.

  13. Get your full deposit back

    This one won't necessarily help you save on the monthly cost of rent, but it will help you save as much money as possible on the whole process. Hopefully, it'll soften the blow when it comes to stumping up for your next deposit!

    Getting your full deposit back really is possible. You just need to try your best to leave the property as it was when you first moved in.

    To make sure there aren't any disagreements with the landlord over what's changed during your tenancy, be super thorough with the inventory when you move in.

    Take loads of photos on the day you move in so you have evidence of the condition of the property.

    After that, try to take care of the place while you're there. Remember, you are staying in someone else's house, so treat it as though you're a guest (except you've got free reign on the fridge and can take your shoes off).

    For the lowdown on how to avoid losing your money, check out our guide to getting your full deposit back. Plus, our moving house checklist will help you keep track of all the key things to do before moving out.

  14. Be polite and flexible with your landlord

    A little courtesy will get you a long way in this game.

    Being polite and friendly when you deal with the landlord will do your haggling prospects a whole world of good.

    And if there's a chance that you might choose to stay in the property for another year, a good relationship with your landlord could help you save some money on rent when it comes to renewing the tenancy.

    It'll also do you no harm to be flexible about when you move in.

    Within reason, there's no set date that you need to move into a uni home. If the landlord wants tenants to move in within a specific time frame, do your best to play ball and maybe even ask to knock a few quid off the rent in exchange for you meeting their exact requirements.

  15. Ask your landlord to replace a few things

    Larger appliances like fridges and washing machines are undoubtedly the landlord's responsibility to replace (unless you wreck them, of course). However, the protocol for smaller things can seem a little less clear.

    If a lightbulb blows, or a shower curtain needs replacing, you might feel silly asking the landlord to deal with it. But, while the cost won't be huge, students already struggle to make ends meet, and a penny saved is a penny earned.

    The lightbulb almost certainly hasn't blown because of you – it has a limited lifespan, so it's bound to stop working at some point. Landlords might not agree to replace these kinds of things, but you're certainly within your rights to ask (after checking your tenancy agreement).

  16. Use your university's list of approved landlords

    Most (if not all) universities' accommodation services will have a list of landlords that they've checked and approved as being suitable to be letting to students.

    While you won't directly be getting a discount, it's good to know that your landlord isn't the type to rip you off on rent or swindle you out of a few hundred quid when it comes to returning your deposit.

  17. Use Student SpareRoom

    If your uni doesn't have a list of approved landlords, try looking for properties and rooms on Student SpareRoom – the student section of

    They have loads of student flats and houses available for rent in cities across the country. The rental costs are generally pretty good on there, and it's free to use the service.

    To get early access to new ads, you can upgrade to Early Bird (usually costs around £12 for a week, with 10% student discount available too). But, you'll likely find that you can get a good place without forking out for an upgraded account.

  18. Take meter readings when you move in

    person taking reading of electricity meter

    Credit: Proxima Studio – Shutterstock

    While this won't technically save you money on rent, make sure that you take readings of the gas, electric and, if applicable, water meters in any new rental property.

    Submit these readings to your supplier. Otherwise, your first bill will be based on an estimate. If they think the number was lower at the start of your tenancy than it actually was, this could leave you paying for the previous tenant's usage.

    Of course, if they've estimated that the meter read a higher number than it actually did when you moved in, this will give you a cheaper bill. However, this isn't a good thing either!

    During your tenancy, the energy company will likely send someone over to read your meter. When they do, and they discover how much you've actually been using, your next bill will likely be more expensive than you'd anticipated.

    In other words, even if the estimated reading seems to be in your favour, you'll have to pay up sooner or later.

  19. Thoroughly read through your tenancy agreement

    Reading your tenancy agreement might sound like a tedious thing to do (and to be honest, it kind of is). But if you neglect to do it, you could quite literally pay the price.

    We'd hope that your tenancy agreement is squeaky clean, with nothing in there that's trying to fleece you. However, you can never be too sure, especially when you're dealing with a big expense like rent.

    Set aside some time to give your tenancy agreement a thorough read. Our tenancy agreement checklist can help.

  20. Check if your landlord needs a licence

    This one's only for students living in London – but if you are, you could be in for a refund to the tune of several thousand pounds.

    Depending on the house you're staying in, your landlord may need a licence to testify that the property is suitable for living in. Working this all out yourself would take a while but, fortunately, there's an online tool that can check for you. All you need to do is enter your postcode and follow the instructions.

    If it turns out that your landlord doesn't have the right licence, you could be due a refund of up to 12 months' rent.

    In our latest National Student Accommodation Survey, the average cost of rent in London among surveyed students was £778 per month. If you were to get a full 12-month refund at that rate, you'd be looking at over £9,300. In other words, it's worth checking.

  21. Get council tax exemption

    Full-time (note: not part-time) students are exempt from paying council tax. So, if everyone in your house meets this description, your council tax bill will be exactly £0.

    If some of you living in the property are full-time students, but others aren't, those who aren't will have to pay their council tax (with an individual discount of 25% if only one person needs to pay it).

    Remember that you'll need to apply to the council with proof of your eligibility so that they're aware you don't need to pay. For more info, check out our guide to student council tax exemption.

  22. Don't pay for a TV Licence

    Don't worry, we're not encouraging you to break the law! Despite changes to the law in 2016 that were intended to ban people from watching iPlayer without a licence, there are still legal ways around it.

    As long as your parents have a valid TV Licence, their house is your registered primary address and you're watching iPlayer or live TV on a device that isn't plugged into the mains, you shouldn't need to pay.

    And if you've already started paying for a licence, don't despair – you can get a refund! For full details, check out our guide to the TV Licence loophole.

  23. Register your new address for all services

    Man on the phone

    Credit: GaudiLab – Shutterstock

    We're sure you've been told that it pays to be more organised, but in this case, it really does.

    Some energy and service providers will allow you to simply change your address when you move, rather than cancelling and registering a new account. This should hopefully save you some admin costs and give you a smug sense of satisfaction from having your life in order.

    But don't just stop at bills. Updating your details with your bank and local council could save you some money too. If your bank contacts you by mail to tell you that you're in your unplanned overdraft or a victim of fraud, you'll want to get that letter ASAP and sort it out.

    Likewise, if the council doesn't know that you've moved, they won't be able to help you get your council tax discount at your new property, and you could get fined for not paying.

  24. Try a home-sharing scheme

    This won't be for everyone, but a home-sharing scheme is worth considering if you don't mind giving up a bit of your time for some seriously reduced rent.

    Home-sharing schemes, like Share and Care, offer cheap accommodation to 'sharers' who are up for providing companionship and practical assistance to homeowners who require it (often the elderly, or somebody with a disability or long-term illness).

    You won't need to do any of the jobs of a professional carer, but you could find yourself cooking meals, mowing the lawn or helping to clean the house, as well as spending time socialising with the homeowner. In return, you get to live in the house at a heavily reduced rate.

    Not everyone is suited to this style of living, and there may not be any vacant house-shares in your area. But, if it sounds like something you'd be interested in, it's worth looking into.

Make sure you know your rights as a tenant.

Tom Allingham

WRITTEN BY Tom Allingham

Tom joined Save the Student in 2017, initially heading up the editorial team before becoming Communications Director. He has appeared as a Student Finance expert on a range of TV and radio stations including the BBC, ITV and Sky, sharing his top tips for saving money and cutting student bills.
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