Yes and OSU is in a relatively rural and affordable part of Oregon. So even with the insane housing market explosion - $1200/month is
probably doable for a bare minimum type of living situation for a student. It’ll be just enough if the student has no emergencies. $600/month rent for a room. $400/month for food. $200 for misc.
If this was not a college town or somewhere as rural - you’d likely have to make it closer to $2000+ just because that’s how expensive it is these days to live in cities unless you were able to buy a house a couple decades ago.