What are the costliest cities for renters outside london?

Record inflation and a notable reduction in landlords, leading to a supply-demand imbalance

The latest findings from Rightmove reveal a stark picture of the rental market outside London, with the south of England dominating the list of the most expensive cities for renters. Taking the top spot is St Albans, Hertfordshire, where typical monthly rents reach a staggering £2,307. This figure is 71% above the UK’s average rent of £1,349 per calendar month.

Regional contrasts

In stark contrast, Carlisle emerges as the most affordable city to rent in, with average monthly rents at £791, a complete 41% below the national average. However, despite its relatively lower cost, Carlisle has experienced significant rent increases since 2019, with prices surging by 47%. This trend underscores a broader pattern of rising rents across the UK, driven by record inflation and a notable reduction in landlords, leading to a supply-demand imbalance.

Northern rental growth surge

Interestingly, northern cities are witnessing the strongest rental growth, gradually closing the gap with their traditionally more expensive southern counterparts. According to Hamptons, this trend has been particularly pronounced over the past year, highlighting a shift in the rental landscape. Legislative changes are also on the horizon as the Labour government’s Renters Rights Bill progresses through Parliament, promising enhanced tenant rights similar to the Conservatives’ earlier Renters Reform Bill.

Implications for students and graduates

This rental divide has significant implications, especially for students entering a new academic year. The disparity in rental costs is becoming crucial in deciding where to study or settle post-graduation. Prospective students are advised to thoroughly research the affordability of areas surrounding their universities and consider using accredited agencies for better service.

Staying ahead in the rental market

The rental market continues to evolve, influenced by economic pressures and potential legislative shifts. Understanding these dynamics is essential to making informed decisions for renters, particularly students and their families.

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