Table Of Contents

Hey there, future Hungarian student!

If you are dreaming of studying abroad without breaking the bank, Hungary should be high on your list.

As part of THOUSIF Inc. – EUROPE, we have helped countless students navigate their journey to this vibrant Central European gem, and one of the biggest questions we get is about the cost of living.

The good news? It is surprisingly affordable, especially compared to Western Europe.

In 2026, international students can live comfortably on 500-800€ per month, depending on the city and lifestyle.

Budapest is pricier but buzzing with energy, while places like Debrecen, Szeged, or Pécs offer even better value.

Let us break it down step by step so you can plan your budget with confidence.

Accommodation: Your Biggest Expense (But Still Reasonable)

Housing is usually the largest chunk of your budget, but Hungary keeps it manageable.

Options range from university dorms to shared flats.

Here is a quick overview of average monthly costs in 2026 (in EUR, based on current rates around 395-400 HUF per EUR):

Accommodation	Budapest	Other
University Dormitory	200-350€	100-250€
Shared Flat (one room)	300-450€	200-300€
Private Studio/1-Bedroom Flat	450-700€	300-500€

Dorms are the cheapest and a great way to meet people; many include basic utilities.

Shared flats are popular for more privacy, and utilities (electricity, heating, water) add about 50-80€ if not included.

Pro Tip: Book early, especially in Budapest, as spots fill up fast!

Food and Groceries: Eat Well Without Spending Much

Hungarian cuisine is hearty and delicious, think goulash, lángos, and chimney cakes.

You do not have to splurge to eat well.

Groceries for home cooking: 150-250€ per month. Basics like bread (1-2€), milk (1€ per liter), chicken (around 7€ per kg), and fresh produce are cheap at markets or supermarkets like Tesco, Aldi, or Lidl.
Eating out: A meal at an inexpensive restaurant costs 8-12€. Fast food or street eats? Often under 7€. If you cook most meals, you can easily stay under 200€.

Students love the affordable farmers’ markets for fresh, local goodies.

Transportation: Super Cheap For Students

Getting around is a breeze and will not dent your wallet.

In Budapest: A Student’s monthly public transport pass (trams, metro, buses) is just about 9€! Full price is around 22€, but with a valid student ID, you get massive discounts.
Other cities: Even cheaper, often 8-12€ for unlimited local travel.
Biking: Many cities have affordable bike-sharing (Molly in Budapest) for 1-2€ per short ride.

If you are in a walkable area, you might not even need a pass every month.

Utilities, Internet, And Phone

If your rent does not cover them:

Utilities for a small apartment/shared room: 50-100€ (heating can spike in winter).
Internet: Reliable high-speed for 15-20€ per month.
Mobile plan with data: 20-35€ for plenty of calls and internet.

Leisure And Entertainment: Enjoy Life On A Budget

Hungary is not just about studying, it is about living!

Gym membership: 30-50€ per month.
Cinema ticket: 7-10€ (student discounts available).
A night out (beer or coffee): 3-6€ per drink.
Thermal baths (a must-try!): Entry around 15-25€, but student deals make it cheaper.

Going out a few times a week? Add 100-150€ for fun.

Health Insurance And Other Essentials

EU students can often use their EHIC card, but non-EU folks need private insurance, around 200-300€ per year for basic coverage. Doctor visits are low-cost if needed.

Total Monthly Budget Estimate For 2026

Putting it all together:

Frugal student (dorm, cooking at home, minimal outings): 500-650€ in Budapest; 400-550€ elsewhere.
Comfortable lifestyle (shared flat, eating out occasionally): 650-800€ in Budapest; 500-700€ elsewhere.
More luxurious (private apartment, frequent travel): 800€+.

Most international students we work with at THOUSIF Inc. – EUROPE budget around 600-750€ and still save money or travel around Europe on cheap flights from Budapest.

Smart Tips To Save Even More

Get an ISIC student card for discounts everywhere.
Shop at discount stores and cook with roommates.
Use apps like BKK Futár for transport planning.
Look for part-time jobs; many students earn extra income in cafes or tutoring (non-EU rules apply, but it is possible).