St Albans named Great Britain’s most expensive city to rent outside London

  • New analysis reveals St Albans as the most expensive city to rent outside London, with average advertised rents of £2,307 per calendar month (pcm), 71% above the national average
  • Oxford follows closely, with rents averaging £2,237 pcm, while Cambridge is third most expensive, with average advertised rents of £2,072 pcm
  • Meanwhile, Carlisle is the most affordable city to rent in, with average advertised rents at £791 pcm, 41% below the national average
  • The national average advertised rent (outside London) is now a record £1,349 per calendar month, 5% higher than last year

 

New analysis from the UK’s largest property website Rightmove, reveals that St Albans is the most expensive city to rent outside London, with tenants paying an average of £2,307 per calendar month (pcm), 71% above the UK average.

 

The data comes as students prepare to start the new academic year, highlighting the increase in rental price growth across university cities nationwide.

 

The most expensive area contrasts with Carlisle, which has the lowest rental prices in Great Britain, with an average rent of £791 pcm, 41% below the national average.

 

The average advertised rent outside London is now a record £1,349 pcm. The annual rate of growth now stands at 5%, an easing of the 12% peak recorded in 2022.

 

Rightmove’s property expert, Tim Bannister, said: “The rental divide across Great Britain is clear, with an average difference of just over £1,500 between the most expensive and cheapest cities. Many of these cities have seen rental growth of over 40% over the past five years, meaning it’s likely to be a significant consideration when students are thinking about where to study, and those who have already graduated working out if they can afford to stay in that city and find a job.”

 

City Trends

 

Most expensive cities to rent 

 

Cities Region Average monthly advertised rent August 2024 Average monthly advertised rent August 2019 5 year % change
St. Albans East of England £2,307 £1,738 +33%
Oxford South East £2,237 £1,588 +41%
Cambridge East of England £2,072 £1,483 +40%
Winchester South East £2,049 £1,565 +31%
Brighton South East £2,040 £1,530 +33%
Edinburgh Scotland £1,778 £1,251 +42%
Bristol South West £1,758 £1,191 +48%
Chelmsford East of England £1,686 £1,204 +40%
Milton Keynes South East £1,590 £1,137 +40%
Southend-On-Sea East of England £1,495 £1,077 +39%

 

 

Cheapest cities to rent 

 

Cities Region Average monthly rental payment August 2024 Average monthly rental payment August 2019 5 year % change
Carlisle North West £791 £539 +47%
Hull Yorkshire and The Humber £804 £591 +36%
Sunderland North East £807 £591 +37%
Stoke-On-Trent West Midlands £863 £584 +48%
Wrexham Wales £874 £589 +48%
Bradford Yorkshire and The Humber £947 £581 +63%
Preston North West £952 £642 +48%
Doncaster Yorkshire and The Humber £974 £649 +50%
Lancaster North West £993 £723 +37%
Wakefield Yorkshire and The Humber £1,030 £707 +46%

 

Contact our press team

Email: press@rightmove.co.uk

Financial PR team

Sodali: Rob Greening / Elly Williamson
Tel: 0207 250 1446
Email: rightmove@sodali.com