Where Should You Live During Business School?

apartmentYou’ve snagged that letter of admission to the school of your dreams and are getting ready to matriculate. Your deposit is sent in and you’ve already notified your employer of your decision to attend business school next year. Everything seems to be falling in place, except where you are actually going to spend those two years in business school. Choosing where you will live during this time can be a bit challenging, especially for students who have limited knowledge of the local renting and housing markets.

Before you begin the housing hunt, prioritize what is most important to you. Is close proximity to campus something that you desire, or would you rather have more access to social areas like bars and restaurants? Do you want to buy or rent? Are you planning to live alone or with other people? Starting from this point will allow you to be more discerning and efficient during your housing search.

The process of finding a new living arrangement does not need to be so complicated – let’s explore a few groups within your business school community that can help ease this decision:

MBA Program
Most MBA programs provide tons of support for entering students when it comes to housing, so leverage your school’s resources to help inform you during this process. Most schools will have an apartment tour during their admitted students weekend, and if you are attending, this should be a can’t-miss activity.

During these tours you’ll have the chance to visit multiple apartment complexes and talk directly with the proprietors as they address any questions you may have about their accommodations. Many of the proprietors will also offer discounts during these weekends, so if you are looking for a good deal on housing, this is a great time to broker one.

Current Students
Another great source of housing intel is current business school students. They understand what’s most important about where to live in the student community, which can really help the decision-making process for matriculating students. It is usually pretty easy to get in touch with second-year students once admitted, so utilize multiple students to help support your housing search.

Alumni
Another great source of housing information is alumni of the school. Alumni are generally the most passionate about MBA programs, and so are overwhelmingly willing to help out new students however they can. Pick their brains over some of the pros and cons of housing options in the area and learn more about the best places to live. Also, don’t limit your alumni outreach to just MBA grads – if you can get in contact with any undergraduate alumni, they often know even more about the surrounding community as they spent four years in the area as opposed to just two years like the average MBA student.

Don’t get overwhelmed by the housing search – utilize the resources above to help you make the best decision and find the perfect new home.

Applying to business school? Call us at 1-800-925-7737 and speak with an MBA admissions expert today, or take our free MBA Admissions Profile Evaluation for personalized advice for your unique application situation! As always, be sure to find us on Facebook, YouTube, Google+ and Twitter.

Dozie A. is a Veritas Prep Head Consultant for the Kellogg School of Management at Northwestern University. His specialties include consulting, marketing, and low GPA/GMAT applicants. You read more articles by him here.