Musician's Institute

I've been considering going to Musician's Institute or Berklee recently, but one of the biggest problems I think I have at this point is finding a place to stay. I was wondering if anyone else has had experience in either of those two schools, esp. M.I. Musician's Institute (from what I think I've learned) doesn't have dorms or anything like that, so are you just expected to come up with rent each month for your own apartment? I can't imagine how expensive that would be and I don't really have any savings, but I qualify for all types of students loans and grants. If anyone has been through M.I. I'm sure your experiences could help me answer this question.

Thanks in advance for any input!