Most juniors and seniors choose to move off campus, as most housing options are close to campus (between one and three blocks away) and provide more freedom than campus housing. Living off campus costs roughly the same as living on campus, which is far from cheap. Rent prices are outrageous; it's impossible to find a room off campus for less than $500 a month without living in someone's closet. But despite the hefty cost, many students appreciate the added freedom and liberation from dorm policies and campus dining plans.
The quality of off-campus housing options varies drastically—though range in quality doesn't necessarily indicate range in price. You may very well pay the same rent for a house that's close to being condemned as you would for a luxury apartment with access to a pool and spa. The houses closest to campus (literally half a block to a block away) are usually in the worst conditions and cost the most to rent; however, these are the most popular for students looking to live on the lively "light side" of campus. Organizing off-campus housing can be stressful depending on what you're looking for. Apartments located further off campus are pretty easy to come by, but if you and your friends are looking to move in to a house across the street from campus, be prepared to compete with several other groups.