​​​​​​The cost of living depends partly on your own spending habits. In general living expenses are reasonable in Istanbul especially in comparison with Western European Countries. The average cost of living in Istanbul, including room and board amounts to 150-600 Euros per month depending on the type of accommodation you choose. However, you may need more money than the above amount in case you plan to buy extras​ or get involved in various leisure activities etc. 

Sharing a flat among students, particularly for exchange students, is a common preference with a cost around 150 to 400 Euros including rent of a furnished apartment, electricity, water, heating and sometimes the Internet. On the average, 300-400 Euros per month is sufficient for a student to cover his/her living expenses.​​​