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This is us right now. My kid is going to a junior college out of state to play lacrosse. They have no dorms and need to rent apartments. He has 3 other people living with and each pays 929 in rent. That includes utilities and is furnished. Oh and this is only a 2 bedroom apartment.
Furnished? How hard is it to buy a bed? You can find an old couch and TVs are basically free now. This is on you for not telling them how to rent a place. You can rent a cheaper place on Manhattan than that.
My friends kids rent in Hoboken. Unfurnished. Cheapest they could find was $3,000 a month for under 600 ft2
I know how to rent a place and we did look at an apartment for him but it was $100 more unfurnished. Also, these are kids right out of high school, so college freshman. Not like I would help pay for my junior college kids rent.