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February 26, 2024

Coliving vs Student Housing - What is the Difference?

Student housing is a more traditional type of shared accommodation and is focused on giving students affordable housing.

Coliving vs Student Housing - What is the Difference?

The trend of shared accommodation has evolved over the years, giving birth to a new trend called co-living. Besides co-living, there are other types of shared accommodation and student housing falls under the concept as well. Both co-living and student housing have a few things in common, but there are key differences between the two. 

One of the major differences between them is that co-living is a modern concept designed to give residents a more social and communal experience. On the contrary, student housing is a more traditional type of shared accommodation and is focused on giving students affordable housing.

In this short piece, HaapLiving will delve into some key differences between co-living and student housing.

The Audience

The first major difference between the two concepts is the audience that they are made for. Co-living is targeted at a wider and more diverse community such as professionals, freelancers, and entrepreneurs. Student housing, on the other hand, student housing, as the name suggests, is primarily targeted at students who need cheaper housing options closer to universities and colleges.

The Length Of Lease

Student housing operates with an academic calendar and so, the lease would try to align with the academic calendar. This means, it opens up at the beginning of an academic year and closes up at the end. However, co-living has a more flexible lease. This allows residents to rent an apartment monthly.

Location

Student housing is always located on or near universities or colleges. This makes it easier for students to get to their classes. That should be a no-brainer considering the name is student housing. Co-living spaces are usually found in urban areas, where residents are close to work and leisure activities that make living in a city more fun.

Cost

The cost of both co-living spaces and student housing varies, but co-living spaces are usually the more expensive options because of the location and other benefits. Student housing is usually more cost-effective and budget-friendly, especially for students who are on a tight budget.

Privacy

With the way co-living spaces are built, they offer residents more options to have privacy, this usually comes in the form of private bedrooms. In student housing, the way dormitories are built, students have fewer privacy options. 

Size Of Living Spaces

In comparison, co-living spaces are smaller than student dormitories. Co-living spaces are built to give residents a more intimate and communal living experience, but student housing doesn't care about that. 

Both co-living spaces and student housing provide shelter for the people who need it, which is more important than any difference between them. But of course, this choice should depend on your individual preference.

Whether you are a young professional or a student, several options suit everyone's housing needs. A more social and community-oriented experience would make co-living a good option for you while a more affordable and convenient option would mean student housing is your best bet.