Kilmarnock has been named as the cheapest place to rent a flat in the UK. The Scottish town was picked out in the research which looked at the cheapest places to rent across the UK.
According to data from Rightmove, average rental prices are now 15% higher than they were two years ago, just before the pandemic hit, and tenants are facing the most competitive rental market ever recorded.
With that in mind, Screen With Envy decided to find out what exactly your rental budget could get you in the UK. They scraped Rightmove UK, analysing over 123 areas and 83,000 listings. From this, they were then able to determine the average rent PCM for a flat, shared property, bungalow and house.
Additionally, they looked at the average monthly rent price for a particular property type across 1 - 4 bedrooms.
And they've revealed the cheapest places to rent in Scotland, with the Ayrshire town placing top thanks to the fact it's almost ten times lower than renting in South West London with an average rent price of £443.74 Per Calendar Month (PCM).
The second cheapest place to rent a flat is Dumfries and Galloway at an average of £478.75 PCM followed by Perth at £539.37 PCM.
Motherwell is the cheapest place to rent a house in Scotland (£714.32), followed by Dumfries and Galloway (£775) and Kilmarnock and Ayr (£807.40).
The cheapest average flat rentals in Scotland, PCM:
Kilmarnock and Ayr, - £443.74
Dumfries and Galloway - £478.75
Perth - £539.37
The cheapest average house rentals in Scotland, PCM:
Motherwell - £714.32
Dumfries and Galloway - £775
Kilmarnock and Ayr - £807.40
The cheapest average shared rentals in Scotland, PCM:
Dumfries and Galloway - £420
Aberdeen - £459
Falkirk - £591.33
The cheapest average bungalow rentals in Scotland, PCM:
Dumfries and Galloway - £583.33
Galashiels - £595
Inverness + Dundee, Angus - £662.5
Nationwide average rent PCM:
Flat - £2,086.56
House - £2,151.22
Shared property - £699.82
Bungalow rental - £1,261.38
Sophie Birkert, Screen With Envy Founder says this new research can help renters find the best deals across each of these four property types.
“Tenants are facing the most competitive rental market on record due to a shortage of rentals, greater demand and the cost of living crisis. No matter if you live in an upmarket neighbourhood or a commuter town, knowing how much the average rent is in your and neighbouring areas could be the difference between securing your dream rental or not.”
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