Rent price reaches record high as cheapest area in UK revealed
Most and least expensive areas to rent in the UK revealed
- The average advertised rent across Britain reached a record high of £1,577 per month in August, according to Rightmove.
- Average advertised rents were 3 per cent higher than a year earlier, with a constrained supply of homes contributing to the rising costs.
- While the number of available homes to rent is 8 per cent higher than a year ago, it is still 27 per cent lower than in August 2019.
- London remains the most expensive area to rent, whereas the North East is the cheapest.
- Rents are rising fastest in North West England, with an approximate 10 per cent annual increase, and slowest in London, where they are up 2% annually.