If my script was to go into production a average cost would be needed. Thinking about it and looking into it the cost should not be sky high as it would be filmed with minimal cast and would be filmed with a single camera.
There would be no more than five cast members. Four will only be needed really as one character would only make a quick one minuet appearance right at the start.
The crew would also be a small number with probably a most of three members, a designer to help with characters cloths etc, a sound guy to hold the microphone up when filming and lastly the director who would also film and edit the whole thing helping with keeping costs staying low.
When filming the locations shouldn't cost anything as its based at college so timings and logistics would be arranged to fit a day its open and also empty.
I think with keeping the crew, cast and equipment at a low the general cost should be to high and would be affordable and easy to maintain. Every thing like filming and all the practical stuff would be done in house so that would help a lot overall.
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