Wazzup Pilipinas!Lamudi Philippines identifies how much rent students should expect in key areas in Metro Manila, Baguio, Cebu, Dumaguete, and Davao
Apart from tuition, college education is considered a significant investment because of other expenses involved. These include the purchase of learning materials, daily meals, and commute or travel fees, to name a few. If the student happens to study away from home, then this also includes the cost of living space.
While areas having schools always have places to live for students, particular locales stand out, as they not only are the home of the country’s foremost universities, they also feature areas that are ideal for student housing, condos, and accommodations, and thus offers real estate investors potentially good sources of recurring income.
Baguio CityConsidered by many as the educational center of Northern Luzon, Baguio City is home to many colleges and universities. These include the University of the Philippines Baguio, Saint Louis University, the University of the Cordilleras, the Philippine Military Academy, and the University of Baguio, to name a few.
The city’s relatively compact urban core and
cool climate make it an ideal place for students to live, as inconveniences like extremely hot weather, long commutes, and heavy traffic are minimal here compared to other cities. While real estate is a little pricy in Baguio, rental rates are quite reasonable, with several offering total areas adequate enough to share with roommates.
At present, one-bedroom homes for rent in Baguio currently go for as low as Php6,000 per month and are ideally located in areas like the Burnham and Legarda areas, which are just a jeepney ride away from the business district and the most of the schools situated around it.
