The cheapest and most expensive student cities in Europe

Budapest, Hungary. Image: IakovKalinin/Istock.com via AFP Relaxnews

London and Paris have emerged as the most expensive cities in Europe for students, while Budapest is the best choice for those on a shoestring budget.

That’s according to a new report from online student housing site Uniplaces, which examined the cost of living in 15 cities across Europe.

Cash-strapped students looking to study or live abroad will want to consider Budapest, where they can live on €360 a month ($424).

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How? The average cost for renting a room in an apartment is €249 ($293) a month, while the cost of food in the Hungarian capital averages an affordable €25 ($29) a week.

Students can also live in cities like Prague, Porto, Warsaw and Lisbon for about €500 ($590) a month.

At the other end of the spectrum, young people eyeing a year abroad in London, Paris and Milan will need to budget about €1,000 ($1180) in monthly expenses, due mostly to the high cost of lodging.

Overall, experts at Uniplaces advise trying to limit the cost of accommodation to 30 percent of your monthly budget.

Here’s a breakdown of the most affordable and expensive student cities in Europe, by monthly cost of living:

1. Budapest, €360 ($425)
2. Prague, €403 ($475)
3. Porto, €409 ($482)
4. Warsaw, €425 ($501)
5. Lisbon, €502 ($592)
6. Barcelona, €640 ($755)
7. Berlin, €656 ($774)
8. Madrid, €658 ($776)
9. Rome, €807 ($952)
10. Brussels, €811 ($957)
11. Amsterdam, €868 ($1025)
12. Munich, €893 ($1054)
13. Milan, €906 ($1069)
14. Paris, €915 ($1080)
15. London, €1,124 ($1,327)
JB

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