PSU College Budgeting Guide
August 26, 2021
Get tips to help you make the most out of every dollar you spend!

Budgeting is hard. This is true no matter how old you are, but it is especially true for college students. For most Penn State students, going to State College is the first time they will be away from their parents. While this can be exhilarating, it can also be nerve-wracking and expensive. Some students may have the privilege of having their parents as a safety net. Others are not so lucky. And some students want to try and do it on their own, so they don’t have to depend on their parents.
Whatever the case, managing money, whether its earned or given to you by your parents, is hard when you are in college. Being away from home for the first time and seeing everything that the campus and surrounding areas have to offer can make you want to spend more than you should. If you can learn to manage your money during this stage of your life, you will be much better off in the long run. Below are some tips for PSU students trying to live on a budget.
Housing Options
In State College, you can live on campus or off. The choice is up to you, and it truly depends on where you’d like to spend your time. Before you decide, you need to break down the cost of living in a dorm and then check the rent prices for apartments in State College. If it’s cheaper to live off-campus, then you should. You should also factor in other things, like your privacy and solitude. Nothing is nicer than coming home to your own apartment at the end of a long day of classes.
Rent Your Textbooks
Renting your textbooks may be one of the best things you can do to live on a budget in college. It is also something that few students know about. Yes, you can buy the books used, but you may want to rent them instead. Buying the books used, can save you money, but when you are done with school what are you going to do with the books? Sell them? If you sell them, you will get less than what you paid for them. But if you rent them for the semester, it will be less money, and you won’t be stuck with a book after the semester is over. If you rent a textbook, you can expect to pay at least $30.
Transportation Options
When you get to Penn State, you are going to need transportation. You may have your car you may not. Or you may have your car, but can't bring it with you for the first semester or the first year. Either way, unless you plan on staying on campus every day, you will need a form of transportation. State College has a very robust rotation of busses and other public transportation options. Or you could ride a scooter around town or maybe a bicycle.
Find a Roommate
There are plenty of affordable State College apartments for rent in the area, however you can always cut costs further by getting a roommate. If you want to get an apartment off-campus, consider getting a roommate - they can help you pay for half the rent and utilities. While living with a roommate can save you money be sure to vet the person you are considering. If possible, try and find someone that is also attending Penn State.
Where Will You Get Your Food?
Food is fuel, but where will you get it. Now, if you are new to the State College, you might be interested in experiencing the restaurants. Practice moderation here. Yes, eating out is nice. Yes, eating food you didn’t have to make somehow makes it taste better. But it will also cut into your budget. If you get a roommate, you can split the cost of groceries. You can cook a big pot of soup, spaghetti, or something else inexpensive and eat for a few days. Eat-in more than you eat out. And when you do eat out, look for the deals. Also, if you are a coffee drinker, make your own. It will end up costing you less to buy a coffee maker and make your coffee than going to a coffee shop every morning.
Student Discounts
Many places offer student discounts. By using your student id, you could get a discount on a ton of stuff. If you are a fan of Prime and have a student email address, you could get the service for half off. Other companies also offer student discounts, but you won’t know until you ask.
Cut Coupons
When you are on a budget, coupons are your friend. They may not be cool, but who cares? You can find coupons on everything from food to electronics. You have to know where to look. Before you go grocery shopping, check for coupons on the foods you usually eat. Also, you should be able to find the deals on your grocery store’s website or app.
Only Worry About the Basics
When living on a budget, you need to make sure that your basic needs are being met. This means: do you have a place to stay? Food? Lights and water? Your basic needs are what you need to focus on, and everything else can wait. For instance, do you need cable? Or can you survive with a streaming service?
Find a Job
To help you stay on budget and meet your needs, you should consider getting a job. It could be a seasonal job or something part-time that won’t interfere with your studies. If you work during the summer, you can save your money for the school year. And if you are working during the school year, you’ll be too busy to spend the money you make. It’s a win-win.
Keep a Budget
If you know where your money is going each month it will be easier to understand where the leaks can be sealed up. For example, you may notice that you’re spending way more each month of that taco truck than you realized. Keeping a budget may not be fun, but it will go a long way towards helping you become more financially comfortable.
Check out ApartmentsStateCollege.com for a full array of apartments for all styles and budgets. Call them at (814) 238-3153, or visit them at 214 S. Allen St. in State College, PA.
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Finding the right off-campus apartment is an important decision for Penn State students—and often for their parents as well. With a large student population and dozens of apartment communities and rental properties throughout State College, there are plenty of choices. But choosing the right apartment involves more than comparing photos, amenities and monthly rent. Location, property condition, maintenance, communication and access to local management can have a much bigger impact on the day-to-day rental experience than some of the features that tend to get the most attention during an apartment search. For students searching for off-campus housing at Penn State , understanding what really matters can make it easier to narrow down the options and find a place that works well throughout the school year. Here are some of the most important things students and parents should consider when comparing apartments in State College. 1. Start With Location For Penn State students, location can affect almost every part of daily life. The distance between an apartment and campus can determine whether a student can comfortably walk to class, needs to rely on public transportation or will regularly need a car. Students should also consider how close a property is to grocery stores, restaurants, downtown State College and the places they expect to visit most often. “Location is huge,” says the team at Nevins Real Estate Management, which manages student apartments and rental properties in State College. Before signing a lease, students should think beyond the address itself and consider what living there will actually look like on a typical weekday. How will you get to an 8 a.m. class? How long will the trip take? Is the location convenient for your normal routine? Are the places you regularly need within a reasonable distance? An apartment that looks great online may become considerably less appealing if getting to and from campus becomes a daily inconvenience. 2. Don't Let Flashy Amenities Distract You From the Basics Apartment communities increasingly compete for student renters with long lists of amenities. While those features can certainly be enjoyable, they shouldn't necessarily be the deciding factor. The condition of the apartment and the way the property is maintained can have a much greater impact on the experience of living there. “It doesn't need to be new or flashy,” according to Nevins Real Estate Management. “Clean and well-maintained matters a lot more in the long run.” That's an important distinction when comparing State College apartments for Penn State students . A modern lobby or impressive amenity package can make a strong first impression, but students will spend most of their time living in their actual apartment. Plumbing, appliances, heating, locks and other everyday necessities matter considerably when something stops working. When touring an apartment, look beyond cosmetic features. Pay attention to the overall condition of the building and unit. Does the property appear cared for? Are common areas maintained? Does the apartment feel clean? Do doors, windows, fixtures and appliances appear to be in good working order? These details can tell you a great deal about how a property is managed. 3. Ask How Maintenance Is Handled Maintenance may not be the first thing students think about when searching for an apartment near Penn State, but it can quickly become one of the most important aspects of renting. Something will eventually need attention. A sink may clog. An appliance may stop working. A heating issue could develop during a cold State College winter. When that happens, the important question becomes: Who do you contact, and how quickly can someone respond? Students and parents should ask prospective property managers how maintenance requests are handled before signing a lease. Nevins Real Estate Management handles routine maintenance with its own in-house team and brings in outside professionals when a project requires specialized expertise or is beyond the scope of its maintenance staff. The company also provides 24/7 emergency maintenance for situations that cannot wait until normal business hours. Having a clear maintenance process can remove a significant source of uncertainty for students, particularly those renting an apartment for the first time. 4. Find Out Who You'll Actually Talk to When You Need Help Communication between residents and property management is another factor that's easy to overlook during the apartment search. Before renting, find out what happens when you have a question. Can you easily contact the management office? Are you communicating with someone locally? Can you speak with an actual person when an issue is difficult to resolve through email or an online portal? Nevins Real Estate Management has found that text messaging is particularly effective when communicating with student residents. “We lean heavily on text communication,” the company explains. “Residents respond to it much better than email, and it makes it easy for them to reach out with quick questions.” Residents can also call the company's State College office directly. There is no automated answering service routing residents through a complicated phone system. Calls go to a real person in the local office. For students living away from home—and parents who want to know that help is accessible—that kind of communication can be valuable. 5. Look for a Property Manager With a Local Presence State College's student housing market includes everything from locally managed properties to communities operated by companies headquartered far outside Pennsylvania. There isn't necessarily anything wrong with a large property management company, but students should understand who will actually be responsible for their apartment. A locally based management team has direct familiarity with its properties and the State College community. Nevins Real Estate Management's office is local rather than being operated by an out-of-state management company. That local presence can be particularly useful when a resident has a maintenance problem, question or unusual situation that requires someone familiar with the property. When evaluating apartments near Penn State , consider asking where the management team is located and who will be your primary point of contact after you move in. 6. Consider the Move-In Experience The first few days in a new apartment can be hectic. Students may be arriving in State College at roughly the same time as thousands of other Penn State students. Parents may be helping unload cars, roommates may be arriving separately, and everyone is trying to get settled before classes begin. Small conveniences can make a noticeable difference. For example, Nevins properties use pin-pad entry rather than requiring residents to pick up traditional apartment keys. Residents receive their entry code ahead of time, eliminating the need to wait in line to collect keys during move-in. A welcome packet is also waiting inside the unit with general information and answers to frequently asked questions. Details like these may seem relatively minor when comparing apartments months before move-in, but they can help make the transition into a new home much easier. 7. Think About the Entire Rental Experience It's easy to choose an apartment based primarily on what you see during a tour. But you're not simply choosing an apartment. You're choosing the company that will manage your home for the duration of the lease. That means students and parents should evaluate the entire rental experience. Consider: Is the property in a location that works for the student's routine? Does the apartment appear clean and well-maintained? Is there a clear process for maintenance requests? Is emergency maintenance available? Can residents easily communicate with the management office? Is there a local team available when a problem needs personal attention? Does the property manager seem focused on maintaining the building after the lease is signed? These questions can reveal much more about what living in an apartment will actually be like than an amenity list alone. Finding the Right Penn State Off-Campus Apartment There is no single apartment that's right for every Penn State student - some students want to be as close to campus as possible, while others prioritize space, price, parking or a particular State College neighborhood. Some want extensive amenities, while others would rather have a straightforward, well-maintained apartment and responsive management. The key is knowing which factors will continue to matter after move-in day. For Nevins Real Estate Management, that means focusing on the fundamentals. “We focus on quality customer service and quality maintenance,” the company says. “We don't offer flashy amenities, but we do offer well-maintained properties.” That philosophy offers a useful rule of thumb for anyone searching for Penn State off-campus housing : don't choose an apartment solely based on what looks impressive during the search. Look for a location that fits your life, a property that's properly maintained and a management team you'll be comfortable dealing with when you actually need them. Those are the things you're likely to appreciate long after move-in day. Frequently Asked Questions About Penn State Off-Campus Housing What should I look for in an apartment near Penn State? Start with location, property condition, management responsiveness and maintenance. Amenities can be a bonus, but the quality of the apartment and the service provided by the property manager will affect your experience throughout the lease. Why does location matter for Penn State student apartments? Location affects how students get to class, access downtown State College, shop for groceries and manage their daily routines. Before renting, consider how you will realistically travel between your apartment, campus and the places you visit regularly. Should I ask about maintenance before signing a lease? Yes. Ask who performs maintenance, how residents submit requests, how urgent problems are handled and whether emergency maintenance is available outside normal business hours. Does local property management matter? It can. A local management team may offer easier access to people who are directly familiar with the property and the State College rental market. Students should ask who manages the property and how they can reach that team when they need assistance. Where can I find apartments for rent in State College near Penn State? Nevins Real Estate Management offers apartments and rental properties for Penn State students in State College. Prospective residents can browse available properties, compare locations and learn more about individual apartments at ApartmentsStateCollege.com.

As the rental landscape shifts heading into 2026, students searching for apartments in State College — especially near Penn State University — need to be prepared. Understanding key trends, planning early, and knowing what to look for will help you secure a great place. Here’s a guide to what’s new and what remains essential. 1. Early Leasing Is Even More Important Data shows that in the student-housing sector, preleasing rates are strong . For example, national markets reported preleasing in the Yardi 200 dataset at 85.3% by June for the 2025-26 cycle. Multifamily Executive+2Student Housing Business+2 For students looking at student apartments near Penn State , that means you’ll want to start your search well in advance — think fall of the previous year for a lease starting in August/September 2026. 2. Expect More Focus on Value and Flexibility – With rising costs and more choices, renters increasingly look for value-driven options (utilities included, furnished, shorter lease terms). – Reports indicate the student housing market is seeing affordability pressures and shifts in renter preferences. Student Housing Business+1 3. New Supply Means More Options — But Also More Competition According to a national student housing supply report, by fall 2026 there are ~30,000 new beds across 37 campuses scheduled. RealPage In the State College market, this means students may have more options but must act quickly and choose wisely to get the best units (location, amenities, price). 4. Location, Amenities & Tech Still Matter While the basics remain the same (proximity to campus, safe neighborhood, cost), in 2026 you’ll see stronger emphasis on: High-speed internet and good study spaces (students are more digital-and-remote friendly) Community and wellness features (quiet zones, outdoor space, mental-health friendly design) — trends flagged by design/architecture firms. Gensler Smart pricing and lease transparency: how much is included, what you’re really paying for. 5. Be Smart About Lease Terms & Budgeting When renting in 2026 in State College, students should ask: What is included in the rent (utilities, internet, parking)? Is the lease individual (you’re on your own) or joint (all roommates responsible)? What are subletting or summer lease options? Are there incentives (early-leasing discounts, move-in specials for 2026) your property manager is offering? Conclusion Renting a student apartment in State College in 2026 is going to be about being early , informed , and strategic . Students who start their search early, understand what’s included in rent, and pick properties that highlight value and convenience will have the edge.


