Tuition Fees and Cost of Living for Students in Montenegro
By Muntasir • Published Sep 21, 2023 • Updated Sep 20, 2026 • Study Abroad, Study in Europe, Country & City Guides, Money & Budgeting
International student tuition at Montenegro's public university runs into the thousands of euros a year, and you can rent a room in Podgorica for roughly 200 to 300 euros a month.
💶 A sample international program (MONTEB, Faculty of Economics) charges 3,500 euros a year
🏠 A single room or studio in Podgorica costs 200 to 300 euros a month
A one-bedroom apartment in central Podgorica runs 450 to 700 euros a month
Coastal towns like Budva and Kotor cost more than Podgorica for housing
Tuition fees
Montenegro's public University of Montenegro reserves a share of places at state-funded rates for Montenegrin citizens who score highest in the entrance ranking. International students, including applicants from other European countries, generally pay a program fee instead, since they compete outside the state-funded quota.
Fees vary by faculty and program, so treat any single figure as an example rather than a universal rate. The MONTEB program at the Faculty of Economics, aimed at international students, charges 3,500 euros per year. Check the specific faculty's published call for the fee that applies to your program, since costs differ between fields like medicine, engineering, and social sciences.
Private universities set their own fee schedules independently of the public university, usually published directly on each institution's admissions page.
Compulsory extra costs
Beyond tuition, budget for enrollment administration costs and mandatory health insurance for the length of your stay. Exact amounts differ by faculty and by your home country's health coverage arrangements with Montenegro, so confirm the current figure with your faculty's student services office rather than assuming a fixed cost.
Monthly cost of living by city
| City | Single room / studio | 1-bedroom apartment (center) |
|---|---|---|
| Podgorica | €200-300 | €450-700 |
| Coastal towns (Budva, Kotor) | Higher than Podgorica | Higher than Podgorica |
Podgorica is the cheapest base for students, according to Wise's cost of living data and student housing listings on Erasmus Play . Coastal university towns cost more for housing, driven largely by tourist season demand pushing up rental prices in summer.
Building a monthly budget
Rent (shared room): €200-300
Food and groceries: cooking at home keeps this affordable, and local markets price lower than supermarkets
Local transport: cheap compared to Western Europe, most students walk or use minibuses within Podgorica
Phone and internet: a modest monthly cost, providers offer student-friendly prepaid plans
Add tuition, rent, and daily costs together and studying in Montenegro costs less than most Western European destinations. Public transport and eating out cost noticeably less than in capital cities further west.