Property News > UK’s cheapest and most expensive places to rent revealed by new study

UK’s cheapest and most expensive places to rent revealed by new study

Research by SpareRoom has revealed Galashiels in the Scottish Borders to be the
cheapest place to rent a room in the UK, with the average cost being just £266 a
month.

Galashiels was followed by the Northern Irish towns of Lisburn and Craigavon,
where renters pay an average of £317 and £324 a month for a room respectively.

By contrast, with prices at £784 a month, Jersey is the most expensive place to rent
a room, followed by Twickenham and Barnet at £684 and £666 respectively – both of
which are located in London.

Meanwhile, the capital’s most affordable place to rent a room is in Abbey Wood in
South London, where renters pay around £533 a month.

The research shows that the average UK room rent, excluding London, has climbed
by 2%, or £484, compared to a year ago. However, rents in London remain unmoved
on a year-on-year basis, despite Q3 of 2019 showing a 4% increase on Q3 of 2018.

Related Articles

Signs of so-called ‘Boris bounce’ yet to appear

As yet, there are no signs of a New Year ‘Boris Bounce’ in the housing sector, withinstructions and asking prices remaining largely unmoved, according to the TwentyCiProperty & Homemover Report ...
View >>

Slow wage growth to blame for limited level of housing affordability

According to new research, housing affordability levels in the UK would be the same as they were in 2007 before the economic crash if wage growth had matched that of ...
View >>

Sluggish rental activity recorded in December

The latest figures reveal that the average UK renter was paying £902 for their property in December, having fallen from an average of £927 throughout the year.Indeed, lettings platform Goodlord’s ...
View >>

Need Help?

Thank you. We will give you a call back as soon as possible!
Name *
Email *
Phone *
When would you like a callback? *