You should get an apartment. Just because your a college student doesn't mean your should depend on your parents to help you with your bills. When things get hard you have to be responsible enough to handle it. How the heck are you going to make your mortgage on your salary.

Your better off rephrasing the situation as Mommy and Daddy are going to buy a second home and they are going to let you live in there for free. If that was the situation then jump at it I guess...