Located 4.7 kilometers (2.9 mi) from Stortinget, the station is served by Line 1 of the metro every fifteen minutes.

The station is being considered for a lengthening of the platforms, but this is difficult due to it being located in a sharp curve.

As part of a line-wide renovation, a standard waiting shed was built, designed by Erik Glosimodt, which was installed in 1916.

[4] There was not time for an outright upgrade to the stations, so Gaustad remains with its pre-upgrade platforms and amenities.

Operations are carried out by Sporveien T-banen on contract with Ruter, the public transport authority in Oslo and Akershus.

Unlike most of the stations on the Holmenkollen Line, Gaustad does not primarily serve a residential area.

The station is located within walking distance to at least parts of the University of Oslo campus at Blindern, although these are much better served by the Sognsvann Line.

[8] Gaustad is a rapid transit station situated on the Holmenkollen Line, 4.7 kilometers (2.9 mi) from Stortinget in the city center.

[1] The original station building, Villa irkely, was a Swiss chalet style residential house.

There are plans to upgrade the Holmenkollen Line to full metro standard, which includes new platforms.