It costs an average of £691.67 a month to rent a three-bedroom property in the town centre
Blackpool has been named as one of the most affordable places in the UK to rent a home, new data reveals.
The research by Karpiak Caravan analysed the most populated areas in the UK and used data from Numbeo to find where tenants can rent an apartment at the lowest cost. The analysis was based on prices for one bed apartments and three bed apartments both in a town or city centre and outside of it.
The study revealed that Stoke-on-Trent is the most affordable area in the UK for tenants, with an average cost of £489.22 per month. Stoke-on-Trent offers tenants the lowest apartment prices in any area when it comes to a one-bedroom apartment outside of the city centre at £376.67 and a three-bed apartment in the city centre costing only £593.33 as a monthly average.
Blackpool had the second-lowest rent cost for a three-bed apartment in a town or city centre, priced at £691.67 a month, while Wigan had the third cheapest price for a three-bed outside of the city centre, costing £550 a month.
|City||Average cost of a one-bed apartment in the city centre||Average cost of a one-bed outside of the city centre||Average cost of a three-bed apartment in the city centre||Average cost of a three-bed apartment outside of the city centre||Total average cost|
In contrast, London was unsurprisingly revealed to be the priciest area for tenants to rent an apartment with an average total monthly rent of £2,100.69, over four times that of an apartment in Stoke-on-Trent. London had the highest cost for every form of apartment analysed in the study with a one-bedroom in the city centre having an average monthly rent of £1,685.32.
Brighton was the second most expensive area in the UK to rent an apartment. The seaside city has the second highest rent for a three-bedroom apartment both in the city centre and outside of it. A three-bedroom apartment in the city centre would set back tenants £2,150.88 a month on average while the same type of apartment outside of the city centre would cost £1.551.02 in monthly rent.
Commenting on the study, a spokesperson from Karpiak Caravan said: “With the current cost-of-living crisis at an all-time high, it is now more important than ever for UK residents to manage their money effectively. This study offers a useful breakdown of the most cost-effective locations and types of renting, providing the best options for those looking to rent.”
- 05:20, 31 MAY 2022