Finding an affordable place to rent in the UK can often feel like searching for a needle in a haystack, particularly as housing costs continue to soar in many regions. However, Phil Spencer’s latest analysis for MoveIQ sheds light on where renters can still find a bargain.
While major cities like London, Manchester, and Edinburgh are notorious for their high rental prices, there are pockets across the country where renting won’t break the bank.
Top 10 Cheapest Places to Rent
According to the data from MoveIQ, the following areas boast some of the lowest rental costs in the UK:
- Ferryhill, County Durham: Claiming the top spot, Ferryhill offers an average monthly rent of £538. This rural town provides tranquillity yet remains close enough to Durham for convenience.
- Peterlee, County Durham: Coming in closely behind, Peterlee offers renters an average monthly cost of £550. Surrounded by farmland and with stunning views, it’s an economical choice for nature lovers.
- Burnley, Lancashire: With an average monthly rent of £550, Burnley provides affordability without sacrificing accessibility to nearby Manchester.
4 & 6. Grimsby and Cleethorpes, Lincolnshire: Not only do these areas offer rents below £570, but they also boast the scenic Lincolnshire coast, making them desirable for seaside living.
- Hartlepool, County Durham: Situated just north of Middlesbrough, Hartlepool offers seaside charm with an average rent of £564 per month.
- Middlesbrough, North Yorkshire: With an average rent of approximately £575, Middlesbrough provides affordability alongside its rich industrial heritage.
- Bishop Auckland, County Durham: Known for its historic attractions, Bishop Auckland offers an average monthly rent of £584, making it an attractive option for renters.
- Skegness, Lincolnshire: With an average rent of £593 per month, Skegness provides seaside living at an affordable price point.
- Blackpool, Lancashire: Rounding out the list is Blackpool, where renters can expect to pay around £599 per month. Known for its tourist attractions, it offers both affordability and entertainment.
City and Seaside Living
Bradford claims the title of the city with the cheapest rent at £627 per month, closely followed by Kingston upon Hull at around £628. For those seeking seaside living, Hartlepool emerges as the most affordable option.
Affordable Living for All
Whether you’re a student, a professional, or a retiree, there’s a place in the UK that fits your budget and lifestyle needs. While some areas may seem out of reach, with the right research and exploration, affordable gems can be found.
Before making the move, it’s essential to gather information about the area, including crime rates and local amenities. Utilizing tools like property reports can provide a comprehensive overview, ensuring a smooth transition to your new home.