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Did you know a 4 bed house in London can demand as much as £4,937 a month vs just £643 a month in Hull?
Landlord Buyers, a specialist house-buying agency, who allow landlords to sell their house with sitting tenants, have delved into the latest research to find out where in England you can get ‘more for your money’.
- The cheapest city to rent a One Bedroom property is Durham (£375/month)
- The cheapest city to rent a Two Bedroom property is Durham (£425/month)
- The cheapest city to rent a Three Bedroom property is Durham (£519/month)
- The cheapest city to rent a Four Bedroom property is Hull (£643/month)
When comparing neighbouring cities:
- Renting a One Bedroom property would cost you £615/month in Coventry vs £650 in Newcastle upon Tyne
- Renting a Two Bedroom property would cost you £500/month in Sunderland vs £700 in Newcastle upon Tyne
- Renting a Three Bedroom property would cost you £645/month in Bradford and £690/month in Wakefield vs month vs £850/month in Leeds
- Renting a Four Bedroom property would cost you £1,200/month in Salford vs £1,500/month in Manchester
It’s no surprise that the North East holds the title for the cheapest average monthly rents for One (£425/month), Two (£495/month), Three (£565/month) and Four bed (£900/month).
With cost of living crisis, and a well-documented housing shortage across many of England’s cities, are these monthly rental prices fair?
| CITIES | One Bedroom Property Monthly Rents |
Two Bedroom Property Monthly Rents |
Three Bedroom Property Monthly Rents |
Four or more Bedroom Monthly Rents |
| City of London | £1,712 | £2,297 | £2,800 | N/A |
| City of Westminster | £1,700 | £2,275 | £3,433 | £4,937 |
| Oxford | £1,050 | £1,250 | £1,500 | £2,288 |
| Cambridge | £1,000 | £1,275 | £1,445 | £2,000 |
| Brighton and Hove | £900 | £1,200 | £1,500 | £2,100 |
| Bristol | £900 | £1,200 | £1,400 | £2,325 |
| St Albans | £900 | £1,295 | £1,700 | £2,500 |
| Chelmsford | £850 | £975 | £1,200 | £1,650 |
| Bath | £850 | £1,000 | £1,273 | £2,200 |
| Winchester | £798 | £950 | £1,250 | £1,850 |
| Manchester | £750 | £875 | £1,000 | £1,500 |
| Chichester | £750 | £925 | £1,183 | £1,773 |
| Salford | £699 | £750 | £700 | £1,200 |
| York | £695 | £795 | £900 | £1,400 |
| Portsmouth | £695 | £825 | £1,000 | £1,500 |
| Exeter | £675 | £850 | £980 | £1,625 |
| Southampton | £660 | £850 | £900 | £1,400 |
| Birmingham | £650 | £735 | £800 | £1,150 |
| Leeds | £650 | £775 | £850 | £1,560 |
| Norwich | £625 | £750 | £825 | £1,400 |
| Coventry | £615 | £725 | £825 | £1,250 |
| Nottingham | £595 | £695 | £735 | £1,095 |
| Peterborough | £595 | £725 | £825 | £1,150 |
| Lichfield | £595 | £725 | £858 | £1,250 |
| Gloucester | £580 | £750 | £875 | £1,250 |
| Newcastle upon Tyne | £578 | £700 | £795 | £1,560 |
| Sheffield | £575 | £625 | £675 | £952 |
| Plymouth | £550 | £675 | £815 | £1,050 |
| Chester | £550 | £650 | £750 | £1,150 |
| Leicester | £545 | £660 | £750 | £1,100 |
| Lincoln | £525 | £625 | £725 | £950 |
| Liverpool | £525 | £600 | £650 | £1,216 |
| Lancaster | £495 | £575 | £675 | £825 |
| Wakefield | £475 | £575 | £690 | £880 |
| Wolverhampton | £475 | £650 | £750 | £950 |
| Derby | £475 | £625 | £700 | £1,010 |
| Bradford | £450 | £550 | £645 | £805 |
| Preston | £450 | £550 | £600 | £900 |
| Stoke-on-Trent | £425 | £495 | £600 | £845 |
| Sunderland | £425 | £500 | £563 | £850 |
| Carlisle | £395 | £475 | £580 | £780 |
| Hull | £385 | £450 | £525 | £643 |
| Durham | £375 | £425 | £519 | £750 |
| REGIONS | One Bedroom Property Monthly Rents |
Two Bedroom Property Monthly Rents |
Three Bedroom Property Monthly Rents |
Four or more Bedroom Monthly Rents |
| LONDON | £1,225 | £1,475 | £1,750 | £2,500 |
| SOUTH EAST | £775 | £950 | £1,200 | £1,733 |
| EAST | £720 | £850 | £1,000 | £1,450 |
| SOUTH WEST | £625 | £770 | £900 | £1,500 |
| WEST MIDLANDS | £550 | £675 | £775 | £1,150 |
| EAST MIDLANDS | £525 | £640 | £725 | £1,050 |
| NORTH WEST | £515 | £595 | £695 | £1,000 |
| YORKSHIRE AND THE HUMBER | £500 | £595 | £650 | £1,050 |
| NORTH EAST | £425 | £495 | £565 | £900 |
Reviewed and edited by Albert Fang.
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Article Title: Property Rental Prices Are 7x More Expensive In the South Compared To The North
https://fangwallet.com/2023/01/25/property-rental-prices-are-7x-more-expensive-in-the-south-compared-to-the-north/The FangWallet Promise
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