It Can Be Cheaper
There's a good chance you'll save money by renting a house or apartment and splitting it with friends. These days, you can expect to spend close to $10,000 per year on room and board, but some schools charge $15,000 a year or more. Find a place that accommodates multiple housemates, and you can cut your costs by splitting the rent and utilities.
You Can Make Your Own Rules
Living in a dorm is fun and all, but it does come with certain restrictions. When you rent your own place off campus, you don't have to worry about quiet hours, nor do you have to feel guilty when you'd rather curl up in bed rather than participate in your living hall's weekly social event. You can go crazy turning on halogen lamps and plugging in hot plates, and there won’t be a soul around to write you up for it.
You Get More Living Space
Dorm rooms don't give you much space. Rent off campus and you may wind up with more square footage at your disposal. Another benefit of off campus living is the possibility of having your own bedroom, or even your own bathroom.
You Have More Food Choices
It may be nice not having to cook, but dining hall food isn't exactly known to be high in quality. And chances are your meal plan isn't all that economical, as you're paying for the convenience of having someone else prepare your food. When you live off campus, you can cook for yourself.
You'll Be More Prepared for the Real World
Living off campus means doing adult-style things like paying individual utility bills and going grocery shopping. Sure, that stuff can be time-consuming, but it's a good way to get ready for life outside your college campus.