Cost of living

Before you begin your studies at Monash, it’s a good idea to plan and prepare a budget.

Below are some costs associated with living and studying in Australia, and should be used as an approximate guide. These figures are estimates only, and may vary depending on your location and lifestyle. Rent, for example, is more expensive in some areas of Melbourne than others. You may also need spending money for things like medication and other personal items, such as clothes. All costs are subject to inflation.

Depending on your chosen degree, additional costs may apply for class materials and other course requirements. Please make sure you check any additional costs for your course before commencing your studies.


Hostels and guesthouses $90 to $150 per week
Shared rentals $85 to $215 per week
On campus^ $240 to $303 per week
Homestay* $378 per week
Rental $165 to $440 per week
Boarding schools $11,000 to $22,000 per year

Other living expenses

Groceries and eating out $80 to $280 per week
Gas and electricity $35 to $140 per week
Phone and internet $20 to $55 per week
Public transport $15 to $55 per week
Car (after purchase) $150 to $260 per week
Entertainment $80 to $150 per week

^ The fees for living on campus at Monash University vary depending on the type of accommodation. See more details

* Any student under the age of 18 who chooses to stay in homestay must use the Monash Homestay Accommodation Service (HAS). See more details.