Summary Table

The information in this section outlines the estimated cost of living for a student at the Parkville campus of the University of Melbourne, according to the type of accommodation chosen.

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 and HECS payments are not included in estimates.

Type of accommodation Total weeks Weekly Rent/Board Range Estimated total annual living costs (rent or board and other expenses)

Sharing Rented Premises (with 2 others)

Close to Parkville campus


$200 - $250

$22000 - $30000

Within 6km of Melbourne CBD


$165 -$195

$20000 - $27000

Rural area


$90 - $110

$16000 - $23000

Student Apartments

Two bedroom


$225 - $270

$23000 - $31000



$315 - $380

$28000 - $37000


One bedroom - shared bathroom/kitchen


$195 - $235

$22100 - $28200

Residential Colleges (near or on campus)

First year undergraduate fee


$575 - $752

$21984 - $26680


Full board, living with a local family


$250 - $280

$16000 - $20700

The estimated total annual living costs include the following expenses:

Items Amount
Weekly Cost (other than Rent)
Food and groceries $80-$150
Bills (electricity, gas, water, internet) $40-$50
Phone $15-$20
Public transport fares $40
Spending money (entertainment, clothing, gym) $50-$80
Annual Cost
General course costs (not including tuition fees) $500-$750
Establishment costs
Bond (usually 1 month's rent) $4.333 x weekly rent
Telephone/utilities connection $150-$200
General furniture items (excluding whitegoods) $450-$800

Childcare costs

We encourage students with children to investigate the cost of childcare early. The University's Children's Services is a good starting point. Please remember that places are limited, and costs are often higher elsewhere. Book early.

Online Budget Calculators

There are a number of excellent online budget calculators to help students estimate their yearly expenses. We recommend the Money Smart budget planner site, although there are many others available on the internet.

Further information for international students:

Further information

For further information about cost of living issues: