Cost of Student Renting in UK

With House prices falling, the renting sector is becoming more expensive and is experiencing an almost mirror price change.

The cost of renting for students has increased by 20% in the past 4 years. Renting costs are rising because there is less supply of rented accommodation. Landlords are renting to more professional workers who can’t buy a house. The increase in cost of student renting is similar to the increased cost of general renting.

Regional Variations in Renting Costs

There is a huge disparity in the cost of renting throughout the country.

The highest cost of renting is predictably in London, where the weekly average is £102.

• Exeter rents are £78
• Leeds £62

The cheapest places to rent include:

Middlesbrough, Stoke, Wolverhampton, Crewe and Bradford. Here rents are less than £45 a week.

Students on a tight budget, would be advised to think carefully about where they study.