If you are looking to live with "like-minded" people, it does not take much effort to organize a shared-house rental. I've been living around Asia for the past few years, and have lived in mansions with up to 5 other expats (each with our own huge private room and bathroom) for no more than $300USD/month + ~$50/month for all other bills including high speed internet. Malta is more expensive than most of Asia, but what these guys are charging is ridiculous and by no means are they "just trying to break even".