Around one in four, or 23%, of tenants have said that that they are struggling to pay their rent, the Deposit Protection Service (DPS) has revealed.
Matt Trevett, managing director at the DPS, said that the survey results suggested that rent rises were taking place across the country and were clearly affecting moving and non-moving tenants alike.
“As a result, some tenants are making significant lifestyle and financial adjustments to continue renting or secure their next property,” he added. “A significant proportion are telling us that they are reaching the limits of what they can afford, as a result of the combination of higher-than expected rents, food, and energy costs, and are expressing concerns about the future should their rent rise further.”