I have a condo right next to MRC, there's a few condos right on the edge of campus that might be cheaper to rent than going rez on campus. Here's a couple to get you started. Maybe look for a roomie to split the rent?
http://www.rentfaster.ca/listingview.php?listingID=5403
http://www.rentfaster.ca/listingview.php?listingID=5568