The hostel facility at IIFM is fully residential, accommodating 100% of students across three hostels: two for boys and one for girls. Rooms are on twin-sharing basis, spacious, and equipped with necessary furniture and amenities like beds, tables, chairs, almirahs, and LAN ports. Girls' hostel rooms have attached bathrooms, while boys' rooms share one between two rooms, with the addition of individual balconies. The hostel fee is included in the course fee of Rs 4 lacs for general category students, with a separate mess fee.
The campus spans 350 acres and offers a peaceful, nature-rich environment. Facilities include 24/7 electricity and water, high-speed Wi-Fi at 20-30 Mbps, a gym, sports infrastructure, a common room with smart TV, a computer center, a library, and a cafeteria with a cooperative mess managed by students. The hostels have a strict policy of separation between boys and girls, with additional security for girls. The hostels are designed to offer comfort, privacy, and a vibrant cultural mix with students from over 20 states.

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