The city edged into the ranking in 48th place, well behind Copenhagen in 20th place, but ahead of both Stockholm and Helsinki, neither of whom were listed.
The QS Best Student Cities ranking, said that Oslo rated highly in the 'Quality of Living' category, and was frequently rated one of the world's 'most liveable' cities.
"It's also regularly ranked among the world's most expensive places to live," it added. "However, for students it's a surprisingly affordable option, thanks to the fact that the majority of Norwegian universities do not charge tuition fees, either for domestic or international students."
QS ranks two institutions in the city, the University of Oslo and the BI Norwegian Business School, both of which it described as "prestigious",
Paris topped the list of student cities, closely followed by London, Singapore and Sydney.