Friday, May 24, 2024

What are the cheapest and most expensive rental locations in the UK?

The UK is a diverse country, and it is not surprising that the cost of living varies widely from one region to another. One significant factor that influences the cost of living is the cost of housing, and it varies dramatically depending on where you live. In this article, we will delve into the most and least expensive areas of the United Kingdom to help you find the perfect place.

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Cheapest Places to Rent a House in the UK

When it comes to finding affordable rentals in the UK, there are quite a few cities or towns to choose from. Bristol is a vibrant city located in the South West of England that offers a range of affordable housing options. The city is home to several universities, meaning there is no lack of students searching for cheap accommodation. This demand has led to a range of cheap rental properties being available throughout the city. Many use the website rentola.co.uk to check out the available rentals for themselves. This can help you find some hidden gems nestled away in Bristol at a great price. You’ll be able to get a head start from the students, and bag yourself the best place out there.  

Additionally, Bristol has excellent transport links, making it easy to travel without having to drive. The city is also known for its rich cultural heritage and offers a range of free or low-cost events and attractions, including museums, galleries, and parks. For those on a budget, Bristol offers the perfect mix of affordable housing and a range of amenities and attractions, making it an excellent option for those looking for cheap rental.

Thurrock, Essex

Thurrock offers a range of amenities and attractions. If shopping in your thing, Lakeside Shopping Centre, is a huge mall, in fact it’s one of the largest in Europe. People all over the UK come to visit it. Thurrock also has excellent transport links to London, with direct trains taking just over 30 minutes to get to the city. 

Additionally, the borough is home to several highly-regarded schools, making it an attractive location for families with children. Despite its proximity to London and its range of amenities, Thurrock offers affordable rental rates, with the average rent for a two-bedroom property around £825 per month. For those looking for a mix of urban and suburban living, it’s an excellent option.

Blaenau Gwent, Wales

Blaenau Gwent is a town located in South Wales that is known for its low cost of living. The town offers some of the cheapest rental rates in the UK, making it an attractive option for those on a tight budget. The average rent for a two-bedroom property in Blaenau Gwent is around £375 per month, which is significantly lower than many other areas in the country. 

Despite its affordability, Blaenau Gwent offers a range of amenities and attractions, including museums, parks, and outdoor activities. For those looking for an affordable place to call home, Blaenau Gwent is a great option.

Burnley, Lancashire

Burnley is a town in Lancashire that has seen significant regeneration in recent years. Despite this, the average rent for a two-bedroom property is just £395 per month, making it a highly affordable option.

Hull, Yorkshire

Hull comes up as one of the most affordable places to live in the country. The average rent for a two-bedroom property is around £425 per month, making it an attractive option for those on a tight budget.

Most Expensive Places to Rent a House in the UK

Of course, the country also has some of the most expensive houses in the world. With the multicultural powerhouse that is London, this is unsurprising. In several areas mainly in the South, the cost of living has skyrocketed. Here are a few of the most pricey spots to live in the UK. It’s no surprise that the top two are both located in the capital city:

Westminster, London

Westminster is exclusive, luxurious, in the heart of the capital and also, extremely expensive. The average rent for a two-bedroom property in Westminster is around £4,000 per month, which is significantly higher than the national average. Home to the main landmarks of the city, it’s no surprise that living here comes at a hefty price tag.

Kensington and Chelsea, London

Kensington and Chelsea boasts leafy, well kept streets, lined with sports cars and designer shops. It’s home to some of the most luxurious properties in the world. The average rent for a two-bedroom property in Kensington and Chelsea is around £3,500 per month.

Cambridge, Cambridgeshire

Cambridge is a beautiful university town which often means you can find affordable housing. However the city is very expensive. A two-bedroom property in Cambridge will set you back around £1,500 per month.

Oxford, Oxfordshire

Oxford is another university town that is known for its beautiful architecture and academic prestige. And you guessed it, the average rent isn’t cheap, at around £1,300 per month for a two-bedroom property.

It’s clear the difference in prices in the UK is vaste. It’s important to keep an eye on your budget and choose your accommodation accordingly. 

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