New data from Rightmove analyses average rents across more than 50 cities in Britain.
The analysis highlights the stark contrast in advertised rents depending on location.
Hull and Sunderland top the list as the cheapest cities for renters, at £804 per calendar month (pcm). Carlisle ranks third at £828 pcm.
The average advertised rent for a home across Great Britain is now £1,565 pcm, meaning renting a home in Hull or Sunderland is 49% cheaper than the national average.
The average advertised rent for a two-bedroom flat is now £1,612 per month, while for a four-bedroom house it is now £2,260
Meanwhile the most expensive city for renters outside of London is St. Albans. The average advertised rent is St. Albans is £2,359 per month. In second place is Oxford (£2,093 per month), and in third place is Brighton (£2,031 per month).
In London, rents have reached a record £2,712 per calendar month
Even within the lowest priced cities, affordability remains stretched. Rightmove’s data highlights that eight out of the ten lowest priced cities have seen rents rise by over a third compared to five years ago.
Colleen Babcock, property expert at Rightmove says: “Moving to a new city or just out of the family home for the first time is an exciting experience for many students, but trying to find that first place to rent can be hard. To make it easier, deciding on your budget range first can help you narrow the options. If you’re finding it difficult to find a home that ticks all your boxes, consider which areas you’re willing to compromise on. For example, you could move to an area further from transport or outside a city centre to make your budget go further. Another option might be to share with friends and split the rent. Local estate agents will be in the best position to guide you on available places within your budget, that tick most of your boxes.”
10 cheapest cities for renters in Great Britain
Cities | Region | Average monthly rental payment | Annual change % | 5 year % change |
Hull | Yorkshire | £804 | 5% | 35% |
Sunderland | North East | £804 | 5% | 45% |
Carlisle | North West | £828 | 11% | 51% |
Stoke-On-Trent | West Midlands | £894 | 5% | 53% |
Doncaster | Yorkshire and The Humber | £923 | 5% | 50% |
Bradford | Yorkshire and The Humber | £930 | 3% | 67% |
Wrexham | Wales | £947 | -5% | 45% |
Dundee | Scotland | £963 | 0% | 66% |
Durham | North East | £964 | -8% | 22% |
Aberdeen | Scotland | £977 | -1% | 24% |
10 most expensive cities for renters in Great Britain outside of London
Cities | Region | Average monthly rental payment | Annual change % | 5 year % change |
St. Albans | East of England | £2,359 | 10% | 36% |
Oxford | South East | £2,093 | 0% | 37% |
Brighton | South East | £2,031 | 5% | 47% |
Winchester | South East | £2,008 | -3% | 28% |
Cambridge | East of England | £1,971 | -3% | 38% |
Chelmsford | East of England | £1,717 | 1% | 40% |
Bristol | South West | £1,660 | -1% | 39% |
Milton Keynes | South East | £1,620 | 4% | 44% |
Edinburgh | Scotland | £1,594 | -1% | 47% |
Canterbury | South East | £1,449 | 1% | 36% |
This article is taken from Landlord Today