Where Has Rent Increased the Most in the UK?

Published by Magnate Assets on Jun 20, 2023

In the midst of a cost of living crisis, soaring inflation, and stagnant wages, the average rent in the UK has increased by 8.0% over the past year, as reported by Zoopla. This dire situation has forced many young adults to seek refuge back with their parents. However, for those unable to return home, Add Living, a property management company based in Leeds, has examined the data to shed light on the predicament.

According to Olly Roberts, a surveyor at the firm, renters across the UK are facing an exceptionally tough time, and those struggling to afford relocation should show themselves some compassion. The number of people privately renting has doubled in the last two decades due to the exorbitant housing prices, hence the overwhelming demand for affordable housing.

City	Average Rent in 2022	Average Rent in 2023	% Change	1 Year's Rent (2023)
London	£1,300	£1,550	19.20%	£18,600
Cardiff	£889	£1,043	17.30%	£12,516
Glasgow	£720	£844	17%	£10,128
Leeds	£792	£916	15.60%	£10,992
Manchester	£856	£987	15%	£11,844
Edinburgh	£990	£1,133	14.40%	£13,596
Bristol	£1,145	£1,298	13.40%	£15,576
Nottingham	£797	£902	13.20%	£10,824
Southampton	£916	£1,035	13%	£12,420
Newcastle	£659	£745	13%	£8,940
Liverpool	£673	£758	12.60%	£9,096
Cambridge	£1,296	£1,440	11.10%	£17,280
Birmingham	£767	£849	10.70%	£10,188
Sheffield	£687	£747	8.70%	£8,964
Aberdeen	£595	£636	6.90%	£7,632
Belfast	£679	£702	3.40%	£8,424