The Saraswathi Institute of Medical Sciences offers well-equipped hostel facilities for both boys and girls, located on campus to ensure convenience. Each hostel provides 24-hour electricity, water supply, internet facilities, and clean rooms with attached washrooms and balconies. Rooms are typically shared by two students, though options for three-seater rooms are available.
The annual hostel fee is approximately Rs 2.5 lakhs, separate from tuition fees. Hostel amenities include a large common room, laundry services, and freshly cooked meals three times a day, with a variety of food options. Despite strict rules, the hostels are praised for their cleanliness and well-maintained infrastructure.

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