0:03 AM, 31st January 2025, About 2 hours ago
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Hull is the most affordable city for renters, according to Rightmove.
It found that the average advertised rent in the city is £799 – that’s nearly half the national average of £1,526.
Rightmove says that Carlisle (£816) and Wrexham (£817) follow as the second and third most affordable cities, respectively.
Other affordable cities for rent are Sunderland, Stoke, Bradford and Dundee.
Doncaster, Lancaster and Preston make up the top 10.
The platform’s chief data officer, Steve Pimblett, said: “With average rents continuing to rise in most cities, many are having to consider their affordability when choosing a city to live in, including students heading off for their university adventure later this year.
“We are seeing rental price growth slowing overall and a better balance between supply and demand.”
He added: “However, as seen by this data, the picture can look quite different depending on where you’re looking to live, and agents tell us the market is still very busy compared with pre-pandemic norms.”
The Rightmove study reveals a stark contrast between Hull and other cities.
Outside of London, St Albans commands the highest rent at £2,330, trailed by Oxford on £2,041 and Winchester at £1,985.
London remains the priciest city for tenants, with average rents reaching a record £2,695.
A typical rent in Hull consumes just 26% of the average single monthly earning across Great Britain, compared to the national average of 50%.
Rightmove says its analysis coincides with university application deadlines and highlights the importance of affordable accommodation for students.
The ARLA Propertymark president, Angharad Trueman, said: “There has been a real shift in the last few years in terms of rental prices across certain regions and this has proven an underlying force in how people are looking at the market.
“Proximity to a workplace, for example, has become less of a key factor, as more people are able to remote work and choose where they live.”
She adds: “It remains imperative that governments across all UK nations focus on boosting the supply of rental homes to help even out prices across the country and make renting a secure aspiration for many people who choose it.
“This can only be realistically achieved by supporting landlords and encouraging long-term investment within the rental sector.”
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