My old 2 bedroom 1 bathroom crappy apartment on close to college cost $700 a month, and the laundry room for all tenants to use had coin-operated machines, so we had to pay to do laundry, and the dryers barely even worked. Oh, and our rent didn't include any utilities what-so-ever... just people partying and fighting outside your door at all hours of the night.
So we moved, and now I'm about 20-30 minutes from campus, but my rent is $443 a month, a larger 2 bedroom 1 bath apt, and water is included in rent, oh and our neighbors are quiet and I love it here!