Dudes,

When I came here I also went through this George Nanthan phase. Don't sweat the housing. You'll find somewhere nice - and perhaps even closer.
10 Minutes is a long walk in this place. Consider the shortest routes for a lot of housing (including new ones cropping up) at the same and if not lower prices, within the vicinity of the campus district (Robert Ross Blvd.) and you will be surprised at what you can find.

All the best,

-Incog

PS: Either way, you get the best studying done at school no matter where you live.