Surprisingly Affordable College Towns You Can Actually Live In

By

Lisette Marie

December 8, 2025

22. Dunedin, New Zealand (University of Otago)

Dunedin town and bay as seen from the hills above. Photo Credit: Envato @pawopa3336

Dunedin is New Zealand’s most affordable university town, offering a lower cost of living than Auckland or Wellington while still providing a vibrant cultural scene. Home to the University of Otago, Dunedin has a strong student population that keeps rental prices reasonable. With stunning coastal landscapes, historic architecture, and a strong sense of community, Dunedin is a fantastic option for those looking to experience New Zealand on a budget.

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