Rightmove Reports UK Rental Price Trends
Rightmove Reports UK Rental Price Trends
Rightmove Reports UK Rental Price Trends
News summary

Recent research by Rightmove identifies Carlisle, Hull, and Sunderland as the most affordable cities for renters outside London, with average rents of £791, £804, and £807 per month respectively. Carlisle leads the affordability list, significantly below the national average rent of £1,349 pcm. Additionally, Preston and Lancaster are highlighted as budget-friendly options with average rents of £952 and £993. The study reveals a stark rental divide across Great Britain, with the most expensive city, St. Albans, averaging £2,307 pcm, illustrating over a £1,500 difference from the cheapest cities. Rental prices in many areas have surged by over 40% in the past five years, raising concerns for students and recent graduates regarding affordability. In Oxfordshire, Bicester ranks as the cheapest area to rent at £1,123 pcm, contrasting sharply with Oxford's average of £1,660 pcm.

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