ABSTRACT While past research into young people’s transitions out of the parental home identified a distinct student housing pathway offering an institutionally supported ‘housing advantage’, more recently scholars have pointed to widespread housing precarity among university students, reconceptualising the housing challenges students face as a ‘hidden curriculum’ that reinforces inequalities. Meanwhile, time spent navigating this hidden curriculum in increasingly widespread purpose-built student accommodations (PBSA) has the potential to reshape the student habitus, fostering future preferences for the high-density, privatized urban space PBSA represents. This paper re-examines these notions, drawing on interviews with 27 students in Waterloo, Canada, regarding their past experiences and future expectations of housing. While the interviews reveal a multitude of pathways, concepts of housing advantage and hidden curriculum are not as contradictory as they may appear, with many students benefitting from supports offered by university residences before facing an expensive, discriminatory and predatory rental market. Although students’ experiences normalized high-density living, they did not necessarily supersede long-term preferences for detached home ownership, and access to amenities was more important than private space as such.