You may have to spend a lot of time and energy finding one suitable. Constraints Finance will definitely constrain your choices about where you live while you are a student. Family circumstances and finances may mean that you have no choice but to live at home, although it may not be ideal. There is no question that it is cheaper to live at home, even if you are expected to make a contribution to the household expenses. It may be, however, that you have to move away from home because the distance is too great or the daily travel too awkward or tiring.
Contracts are important.
If you rent accommodation, either from the University or from a private landlord you will sign a contract which is legally binding. This means that you cannot take impulsive decisions about moving or changing your tenancy. If you want to do this, you should take advice.