Your living costs
Melbourne offers many lifestyle options to fit different budgets, so it’s best to have a plan as to which option will suit you. You might choose to live in the inner suburbs, and walk or cycle to uni. You may choose to save on rental costs by living further out, in which case you will need to think about public transport costs or a car.
Substantial savings can be had by sharing accommodation, shopping at Melbourne’s famous markets, using our libraries and the student-owned co-ops, and attending free events on campus rather than paying for entertainment.
Calculating your cost of living
The kind of costs to include in your budget include things like tuition fees, course materials, excursions, flights, visa application fees and Overseas Student Health Cover (OSHC).
There will also be additional costs, including accommodation, food, weekly bills, transport, social activities and club memberships.
Expenses at a glance
- Takeaway meal - upwards of $12
- Coffee on campus - upwards of $3.50
- Bike - upwards of $150 (Hire: $3/day)
- MYKI travel pass - $22.50/week
- Phone payment plan - upwards of $50/month
- Gym membership - upwards of $70/month
Please note - this information provides an indication only. It also takes into consideration concession prices; it's important you check your concession eligibility for the most accurate estimate.
|Type of accommodation||Total weeks||Weekly rent/board range||Estimated annual living costs (including rent/board and other expenses)|
|Sharing rented premises (with 2 others)||Close to Parkville campus||52||$225-$275||$26,000-$36,500|
|Within 6km of Melbourne CBD||52||$200-$240||$24,500-$35,000|
|Student apartments||Two bedroom||52||$270-$325||$28,500-$40,000|
|University Accommodation||Range of shared apartments, studios and dormitory-style living.||21 or 52||$308-$475||$27,976 - $43,940|
|Hostel||One bedroom, shared bathroom/kitchen||Varies||$230-$285||$26,500-$38,000|
|Homestay||Full board, living with a local family||Varies||$295-$360||$28,000-$36,500|
The costs for students studying at other campuses of the University will be similar, though rental or residential college costs are likely to be lower. However, annual transport costs will generally be higher. Tuition fees are not included in estimates.
You can find tuition fee estimates on every course page.
Funding your studies
There are financial loans, scholarships and bursaries that can hep you pay your student fees and other living expenses.
Financial aid and support
To help with the cost of living while you study, you may be eligible for Australian Government financial aid, including Youth Allowance, Austudy or Abstudy. To find out how these could help your situation, visit the DHS – Centrelink payments and services.
Our financial services can also give you advice on scholarships, grants and how to budget for living and studying at Melbourne.
Scholarships and bursaries
We also offer a range scholarships and bursaries that can help you with tuition and living costs while you're at Melbourne.
Some scholarships may cover either part of or the whole of your fees or may guarantee you a Commonwealth Supported Place. Others are one-off grants to help with the cost of living while you study. Faculties and Graduate Schools also offer a number of other scholarships and bursaries.