Hostels and dormitories: The first and the best option for cheap stay Melbourne would be a hostel in the college or university premises. These are typically built for students and contain just the bare minimum facilities. As they are managed by the educational authorities, the rules are set by them. They usually come with a canteen where good food can be enjoyed at subsidized rates. But if you are person who likes privacy and prefer a quieter place, then hostel is not a place for you.
Private boarding homes: Private agencies provide good quality boarding homes for students who are looking for economical places to be hired for long term. If you find a good one near the college or university where you will be studying, you can enjoy the student life as well as your privacy. Homestay Melbourne offers rooming house called Homestay Melbourne where research students can peacefully pursue their studies. You would find many reasonable food outlets around such boarding homes which serve tasty food.
Homestay: For a person who likes homely atmosphere and home cooked meals, homestay is a great choice. As you get to stay with the host family you will be much closer to Australian culture and lifestyle. Unlike hostels where you eat same kind of meals, at Homestay Melbourne you can enjoy some good hospitality from the host family.
Shared apartment: Many students would not prefer to stay in hostels with the crowd. If you have 3-4 friends who are ready to share the rent, you can book a shared apartment. This is also a good option for cheap stay Melbourne as you would get privacy, spacious accommodation and at economical rate. At places where they have a kitchen, you can cook your own meals and save some money on your food as well.
This summer vacation if you are travelling to Melbourne for studies, consider these accommodation options and have a comfortable stay within your budget.