22 Shockingly Affordable College Towns You Can Actually Live In

College towns are often associated with bustling student life, rich cultural experiences, and a strong sense of community. While some university cities are notorious for their high cost of living, others strike the perfect balance between affordability and opportunity, offering a fantastic quality of life without draining your wallet. We’ve expanded our list to 22 college towns around the world that provide budget-friendly living while still delivering top-notch amenities, thriving arts and music scenes, and strong local economies. Whether you’re a student looking for an affordable place to study, a young professional seeking a vibrant and cost-effective city, or even a retiree who wants the energy of a university town without the hefty price tag, these destinations offer the best of both worlds. From charming small towns with picturesque campuses to mid-sized cities brimming with innovation and opportunity, these college hubs prove that you don’t need a sky-high budget to enjoy a fulfilling and enriching lifestyle.

1. Columbia, Missouri (University of Missouri)

Columbia, home to the University of Missouri (Mizzou), offers a blend of college-town energy and Midwestern affordability. The cost of living is well below the national average, with affordable rent, low property taxes, and budget-friendly dining options. Housing is especially reasonable compared to larger cities, making it an attractive option for students and professionals alike. The town is rich in cultural offerings, from art galleries and live music venues to a strong local food scene. Outdoor lovers can take advantage of nearby nature trails, state parks, and the Katy Trail, which runs through the area.