Risks and Rewards, Property predictions for 2021: What to expect from the rental sector in the new year, Delivering a speedy end of tenancy deposit negotiation, The importance of an independent inventory, Automating property inventory management to support social distancing, A guide to avoiding tenant disputes by using inventories. It turns out the DL4 postcode in Shildon, a town in County Durham, is the cheapest place to rent a home, with the average monthly rent coming in at just £376. Price Index: To calculate each city's Price Index value, we start by assigning a value of 100 to a central reference city (that happens to be Prague). Despite the need for revival, a £427pcm average rent is still attractive. But where are the cheapest places to rent in the UK? Even in London, it is possible (though much harder) to rent somewhere under £500 a month… as long as you’re okay with living further out of the centre and sharing with a bunch of strangers. While the country walks and close-by national parks propose a more refined social life, the buzzy Newcastle is easily commutable. Swanley, Kent, BR8 7AG. There’s a lot of negative chat about Barnsley. There’s no denying the city was once considered the butt of many a joke. And while it isn't the cheapest place to live on this list, its average house prices run comfortably lower than those of many less attractive places in the south of the UK. According to TotallyMoney, the cost of weekly rent in Warwick is just £72, with a cinema ticket and a pint costing £6.50 and £2.39 respectively. As you’d expect, the most expensive places to rent are in London, with prices going up the closer you get to the centre. Though … Though today it’s in the middle of a huge revamp. An overall pleasant feel is said to infect the town while its community spirit is strong and prosperous. Having said this, there are plenty of great reasons to pack up your bags and head to Durham. Check it out! Landlords | Business | Franchising, Without a doubt, regular property inspections are one of the most important things you can do to protect your property investment. Upload on October 9, 2020 by Lydia Horsley, Upload on October 6, 2020 by Lydia Horsley, Upload on August 26, 2020 by Lydia Horsley, Next Looking for more real estate to let? Avoid the pains of inventories and deposit disputes. The cheapest places to rent in the UK. Cost of living is cheap and residents seem both cheerful and patriotic in their support of the area. The cheapest place to live in London is Bexley, with the average asking rent currently at £1,155 per month. Before the £450pcm rent and £1.30 pints get you too interested, we must warn you County Durham isn’t for everyone. If you’re keen on a no-nonsense style of living, this is certainly a place for you. The data, compiled in the five months up to May this year, reveal that the cheapest rent in the UK is in Pendle, Lancashire, where on average renters of two-bed properties pay just £368 per month. Thus it’s worth knowing whereabouts lie the cheapest monthly rents around the country, and handily, Rentround has put together a list. Please view the individual branch pages for details of membership. The cost of renting in the UK can vary a lot – the main variant being where in the UK you are looking to rent from. The truth is, if you’re the type who loves the feel of former mill towns and socialising with strong jawed no-nonsense villagers, you’ll love it here. Try our calculator to see where in the country suits your finances. But what are you supposed to do while you’re saving up the deposit for that first home, even if the deposit is measly in comparison to those required to buy a house in London? MORE : What I Rent: Emma and Josh, £850 a month for a four-bedroom house in Margate, MORE : What I Rent: Florence and Ben, £1,350 a month for a one-bedroom flat in Herne Hill, London, MORE : Fancy a staycation? In Belfast, you can get an apartment with a weekly rent of £113. You’ll need to find a place to rent in the meantime, but if said monthly rent is astronomical, your chances of ever buying a house disappear along with your salary. Stoke-on-Trent gets a lot of bad press online. Some say it’s one of the best places to live in the UK, others say it’s one of the worst. Hull – £395pcm. All average rent figures are from the Valuation Office Agency’s 2015-2016 data. Taking first place in affordability is Warwick. Durham comes out on top, averaging at £493 a month for single person accommodation based on what the average salary is for that city. If you’re looking for a one- or two-bedroom apartment to rent, head to Belfast, which comes out on top as the cheapest city for renting in the land. Want to keep costs down? It turns out the DL4 postcode in Shildon, a town in County Durham, is the cheapest place to rent a home, with the average monthly rent coming in at just £376. Find out more about the cheapest student cities in the UK. Who Is Responsible For Unpaid Utility Bills? House prices are rising, and wages aren't growing fast enough to beat inflation. Say what you want about Pendle, parts of it are truly beautiful. Do Landlords Have a Duty of Care to Neighbours? North East Lincolnshire has some pretty reasonable rent at £425pcm but it also has a pretty bad rep among some residents. Cinderford, with an average house price to household income ratio of just 5.81, checks in as the location where residents are most likely to find property prices within reach. The Lancashire Borough was referred to as the most anxious place to live in the UK according to an Office for National Statistics study but we’ll look beyond this. Rent for a one bedroom flat per month in Braga city centre will set you back a mere €383 on average, a bit more expensive than Cádiz but cheaper than Valletta, Braga is both affordable and fun. The area gets only 87% coverage which sounds high but the majority of areas in the UK receive 99%. Nestled in the Lancashire area close to the River Wrye, a home here will … If you’re keen on a no-nonsense style of living, this is certainly a place for you. Image credit: Getty Images/Tony Worrall Foto. Want to know more? the eighth-worst place to live in the UK according to website ilivehere.com, the most anxious place to live in the UK according to an Office for National Statistics study, labelled Burnley as the 19th worst place to live in the UK. 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