Check out near to Mahajana's college off KD Road or near by Vidya vardhaka engg. college. KD road is the hottest place to be as most of the college studs roam around there
You working over there somewhere?
How about checking in Gokulam?
Then Jayalkshmipuram/Vijayanagar/Gokulam would be best option for you, since all 3 areas are nearby to L&T office.
I wont be able to give you exact locations right now since I am in Mumbai from the past 2 years, anyways will try to help out. Some friends of mine stay in Vijaynagar, will ask them and let you know.
Rent used to be pretty reasonable in Mysore. 4 years back, I stayed in a 2bhk (Sankranthi circle) and the rent was around 3k. If you are going to be there for a while, its better to opt for a rented house. You could also check with the Mysore infosians.
Yup. Its much better to get a rented house. Rents are pretty lower than metros. If you want, I can PM you some contact numbers tomorrow.
P.S. - Regarding your queries about cheaperand decent lodge -> Kalpana Lodge ( Near Jaganmohan Palace ). Rents are as low as 150-200/- per day for Single room I think.