Thirty per cent of the beds at Buckley House will be reserved for students from targeted disadvantaged or underrepresented groups.
The Minister for Higher Education says he doesn't know how many students need accommodation this year.
This week is the start of the new semester for 140,000 students starting and returning to third level courses.
Minister for Higher Education, James Lawless, will officially open the 116 bed new purpose-built student accommodation, Teach Uí Bhuachalla (Buckley House) Student Accommodation located in Maynooth today.
In total, tenants will pay €8,650 across the academic year - made up of €650 for booking and €8,000 in rent.
Thirty per cent of the beds at Buckley House will be reserved for students from targeted disadvantaged or underrepresented groups.
Many students are facing long commutes, as they struggle to find suitable and affordable accommodation nearby, or on, their campus.
Depuy Lawless said the opening marks a "significant step" forward in addressing the growing demand for student housing - however, he doesn't know how many students are in need of a place to live during term-time.
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