Most people won’t be surprised that Brighton is in the top 10 most expensive places to rent a flat.
It may be less well known how different rents are compared to cheaper parts of the country, but a new study has revealed it all.
Karpiak Caravan’s research analyzed the UK’s most populated areas and used data from Numbeo to find where tenants can rent a flat cheapest and where it will cost the most.
The analysis was based on the prices of one-bedroom apartments and three-bedroom apartments both in the city center and out of town.
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The most expensive UK cities to rent an apartment
Unsurprisingly, London is the most expensive place to rent an apartment. Photo: Tripadvisor
It goes without saying that London tops the list of the most expensive UK cities to rent a flat with an average total monthly rent of £2,100.69.
Brighton was the second most expensive. A three-bedroom apartment in the city center would cost tenants £2,150.88 per month on average, while the same type of apartment outside the city center would cost £1,551.02 in monthly rent.
The analysis found Oxford was the third most expensive place in the UK for tenants to rent a flat costing £1,374.18 a month on average.
Top 10 most expensive places to rent an apartment
The data collected included the average cost of a one-bed city center apartment, a one-bed non-city center apartment, a three-bed city center apartment and a three-bed apartment outside the city center which was then used to calculate the total average cost.
1. London – £2,100.69
2. Brighton – £1,403.22
3. Oxford – £1,374.18
4. Cambridge – £1,326.39
5. Reading – £1,186.66
6. Poole – £1,181.77
7. Bristol – £1,135.63
8. Edinburgh – £1,053.16
9. Milton Keynes – £1,041.17
10.Manchester – £969.76
The cheapest UK cities to rent an apartment
Stoke-on-Trent has become the cheapest place in the UK to rent an apartment. Photo: Tripadvisor
In contrast to these sky-high rents, the study also found Stoke-on-Trent to be the most affordable area in the UK for tenants, with an average cost of £489.22 per month.
This equates to less than a quarter of rents in London and just over a third of the cost of renting a flat in Brighton.
Bradford came second, with the average cost of a flat to rent being £537.95 per month. The Yorkshire town offers low prices on many apartment types, such as an average monthly rent of £443.12 for a room in the city centre, the lowest in the UK.
Research found that Sunderland is the third most affordable location for tenants looking to rent a flat. The average cost of a flat in Sunderland for a tenant would be £568.75, and it is the cheapest area in the UK for tenants looking for a three-bedroom flat outside of the city centre. town, with an average monthly rent of £525.
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Top 10 cheapest places to rent an apartment
This ranking used the same data as the list above to arrive at an average cost of renting an apartment in each area.
1. Stoke-on-Trent – £489.22
2. Bradford – £537.95
3. Sunderland – £568.75
4. Blackpool – £571.45
5. Doncaster – £575.47
6. Wigan – £578.75
7. Derby – £627.08
8. Dundee – £636.43
9. Swansea – £657.37
10. Aberdeen – £661.87
Commenting on the study, a spokesperson for Karpiak Caravan said: “With the current cost of living crisis at an all time high, it is now more important than ever for UK residents to manage their money effectively.
“This study offers a helpful breakdown of the most profitable locations and rental types, providing the best options for those looking to rent.”
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Source: www.theargus.co.uk
This notice was published: 2022-05-17 23:01:00
