There are certainly pros and cons to living off campus. The pros include having your own personal space, not having to live in the small hall with people you don’t like, and no burdensome fire code regulations. A major pro for many students is that you get a sense of privacy and ownership that you do not get on campus. In terms of saving money, it’s on a case-by-case basis. Students who are smart with utilities and groceries will end up saving money by living off campus; students who are not smart with utilities and groceries will end up not saving money by living off campus.
There are several important things to keep in mind when deciding to live off campus. First, you will no longer have someone to clean the bathroom for you, and you have to pay for utilities. The second, and perhaps most important, is that if you get in trouble, the trouble will be with the police department. If you decide to host large parties, be careful not to have the police called to your house. You will also have to adjust your waking-up habits, as it will no longer be possible to wake up 10 minutes before class and still arrive on time. If you decide to live off campus, there are plenty of affordable and spacious houses and apartments reasonably close to campus.