Tim Leonard
Adam French
Jump to
- The cheapest cities to rent in the UK
- The UK cities with the most affordable rent (and least)
- The cheapest rent by region & country
- The very lowest rents in the UK
- Are rents falling?
- The highest rents in the UK
- The cheapest areas to rent in London
- Is it better to rent a house or buy?
- Cheapest UK Rent FAQs
Finding somewhere affordable to live can be hard. Higher mortgage rates and house prices are frustrating buyers, while rents continue to rise. However, some parts of the UK are cheaper to rent than others.
The cheapest cities to rent in the UK
The major city with the cheapest rent in the UK is Kingston upon Hull. The average monthly rent here was £593 in June 2024. The next cheapest city is Stoke-on-Trent, where average rent is £604 per month, followed by Bradford, at £679 a month.
| Annual change | Average rent (per month) | |
|---|---|---|
| Kingston upon Hull | +7.9% | £593 |
| Stoke-on-Trent | +7.5% | £604 |
| Bradford | +8.3% | £679 |
| Derby | +9.8% | £754 |
| Liverpool | +8.9% | £781 |
| Wolverhampton | +8.2% | £783 |
| Sheffield | +9.9% | £845 |
| Plymouth | +7.7% | £899 |
| Nottingham | +9.8% | £915 |
| Leicester | +12.8% | £921 |
| Coventry | +9.7% | £949 |
| Northampton | +6.1% | £966 |
| Newcastle upon Tyne | +4.6% | £981 |
Source: Office for National Statistics (ONS). Private rent and house prices, UK: July 2024. The ONS classifies a city as being major if it has a population of at least 200,000. Luton, Northampton and Reading are designated as towns but may feature due to having populations above 200,000. ONS does not have data for Belfast.
The UK cities with the most affordable rent (and least)
Stoke-on-Trent is the major UK city where rent is most affordable in relation to average salary. On average, tenants in Stoke-on-Trent will spend 27.9% of their salary on rent each month. Brighton and Hove is the least affordable city to rent, with tenants spending 71.4% of their monthly salary on rent.
The cheapest rent by region & country
The cheapest region to rent a home is the North East. In June 2024, the average rent here was £669 per month. Yorkshire & the Humber has the next lowest rents at £793 per month, followed by the East Midlands at £827.
In Great Britain, Wales has the lowest average rent at £743 per month. Typical rents in Scotland are £959 a month, and in England are £1,310 per month.
The very lowest rents in the UK
Away from the major cities, the place in the UK with the cheapest rent is Dumfries and Galloway in Scotland. Here the average monthly rent is £481. Hartlepool is the next lowest at £539 per month, followed by Powys in Wales at £550 per month.
Are rents falling?
Rents increased in all parts of the UK in June 2024. Rental prices are going up fastest in London, where rental prices are 9.7% higher than a year ago. The next biggest annual increase is in the North West (+9.5%), then the East Midlands (+9.3%).
The highest rents in the UK
If you’re wondering which areas of the UK to avoid, the highest rents are in London, where the average monthly rent was £2,098 in June 2024. Of the major cities outside the capital, Bristol has the most expensive rent at £1,765 per month, followed by Brighton and Hove at £1,734 per month.
| Annual change | Average rent (per month) | |
|---|---|---|
| London | +9.7% | £2,098 |
| Bristol | +7.0% | £1,765 |
| Brighton and Hove | +5.9% | £1,734 |
| Reading | +14.4% | £1,426 |
| Lothian (Edinburgh) | +15.1% | £1,353 |
| Portsmouth | +10.9% | £1,273 |
| Manchester | +12.3% | £1,228 |
| Greater Glasgow | +5.8% | £1,187 |
| Southampton | +9.8% | £1,142 |
| Leeds | +7.2% | £1,102 |
| Luton | +9.6% | £1,092 |
| Norwich | +7.2% | £1,030 |
| Cardiff | +11.7% | £1,026 |
| Birmingham | +11.4% | £994 |
Source: Office for National Statistics (ONS). Private rent and house prices, UK: July 2024. The ONS classifies a city as being major if it has a population of at least 200,000. Luton, Northampton and Reading are designated as towns but may feature due to having populations above 200,000. ONS does not have data for Belfast.
The cheapest areas to rent in London
London is the city with the highest average rent in the UK. However, there are significant differences between rents depending on where in the capital you’re looking to live.
The cheapest rent in London in June 2024 was in Bexley at an average of £1,322 per month. Havering (£1,391), Hillingdon (£1,419), and Croydon (£1,422), are the next cheapest. The highest rent in the capital is in Kensington and Chelsea, at £3,406 per month.
| Annual change | Average rent (per month) | |
|---|---|---|
| Bexley | +6.1% | £1,322 |
| Havering | +10.7% | £1,391 |
| Hillingdon | +11.8% | £1,419 |
| Croydon | +10.8% | £1,422 |
| Barking and Dagenham | +8.1% | £1,434 |
| Sutton | +13.4% | £1,439 |
| Redbridge | +8.6% | £1,524 |
| Bromley | +8.0% | £1,537 |
| Enfield | +7.9% | £1,552 |
| Harrow | +10.8% | £1,601 |
| Waltham Forest | +8.5% | £1,601 |
| Kingston upon Thames | +6.3% | £1,648 |
Source: Office for National Statistics (ONS). Private rent and house prices, UK: July 2024.
Is it better to rent a house or buy?
Whether renting or buying is right for you will depend on your circumstances and goals. Your financial situation and how long you plan on living in a certain area are usually a couple of key factors to consider.
Renting may give you more freedom to move, and may allow you to live in an area where you cannot afford to buy. However, you might not be allowed to make changes or redecorate the home as you would like because the property isn’t yours. Renting can also take a significant chunk out of your income making it harder to save a deposit if you want to buy eventually.
On the other hand, buying a home means the money you pay into a mortgage is benefitting you, instead of going to a landlord. However, the upfront costs of buying, particularly saving a deposit if you’re a first-time buyer, tend to be higher than if you rent. You’ll need to prove to a lender you can afford a mortgage to buy too.
» MORE: See current mortgage rates
Cheapest UK Rent FAQs
In June 2024, renting was cheapest in the North East (£669), Wales (£743), Yorkshire and the Humber (£793), and the East Midlands (£827). Rents in London (£2,098) and the South East (£1,302) are the most expensive.
The average rent in the UK is £1,226 per month, according to Zoopla. It means the cost of renting is 6.6% higher than a year ago.
Renting means you avoid paying the upfront costs of buying, such as a deposit, stamp duty and mortgage and legal fees. However, as a renter, you can expect to pay a tenancy deposit, rent in advance, and potentially a holding deposit. According to Halifax, the monthly cost to a first-time buyer of owning a home is £1,231, slightly lower than the £1,258 it would cost to rent an equivalent property. However, this can differ depending on where you want to live.
Image source: Getty Images
About the Author
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