Red Telephone Booth in London with Big Ben in the background
16 Cheapest Places To Rent In The UK part 1 – that will be the topic of today’s article.
Before introducing this article, if you are interested in our core services which are expat financial, insurance and mortgages, you can contact me here.
The best time to consider your financial situation is when you are moving to a new country.
Residential rent prices in the UK have been rising for decades, and the cost of living is only increasing. Now, particularly in big cities like London, renting has become even more expensive. As a result, it can be challenging to find cheap places to rent in the UK, especially if you’re looking for a decent home that won’t leave your bank account empty.
Considering the increasing cost of rent, it’s essential to know where you should look first to find cheap places to rent in the UK. With this guide, you’ll be able to identify some of these areas and make your search much easier. In fact, you might even save a few thousand pounds off your yearly rent by following this guide.
Keep in mind that the listed areas aren’t guaranteed to have cheap places to rent all of the time. Also, remember that these cheaper living spaces tend not to be located in highly populated cities. With these things in mind, let’s get right into it!
In the current economic climate, it is more important than ever to save money on all aspects of your life. While it may seem attractive to pay a little extra every month to live in a property with more space, better facilities and good transport links, there are many benefits to finding somewhere cheap to live.
While it is true that you might be able to afford a better quality of living in your new location with your old income, will this extra money really make you any happier? Think about the important things to you and how much they cost.
It’s unlikely that upgrading to a bigger house with more expensive furnishings would bring you much more contentment than the more modest version of this set-up.
If you are worried about moving somewhere too cheap, you are probably worried that the people who live there might not be as nice. But if they are also struggling to make ends meet, it is unlikely that they will have much disposable income.
This means that there is less chance of them to afford expensive holidays or material goods. They will still afford the essentials, but they are unlikely to have much spending money.
By moving somewhere cheap, you are being careful with your money. This means that you are less likely to take out loans or credit cards in an attempt to keep up with unrealistic standards of living. Furthermore, you are not going to be tempted into buying things that you might regret later.
Moving somewhere cheap means having less disposable income! This leaves you with more free time in your life, which you can spend doing the things that are important to you rather than working long hours just so that you can afford to live somewhere nice.
No matter how much you love your job, the thought of spending less time there might be appealing. By moving somewhere cheap, you might find that you are working fewer hours which means more opportunities to spend quality time with your loved ones.
Stress is brought about by worrying that you don’t have enough money. By moving somewhere cheap, you ensure that this is not a problem. You can relax knowing that your income is sufficient for you to live in relative comfort and travel when necessary.
When buying a property, it’s important to think about the house’s value, which is likely to be in 10 or 20 years. Buying somewhere cheap might mean that you are buying less space, but this is balanced out by the fact that the value of your house will increase over time compared with homes in more expensive areas.
The UK is known for having expensive housing costs, but there are places in the country where you can get more bang for your buck. This article examines the cheapest sixteen places to rent in the UK based on rental data from our team of experts.
According to recent data, Bournemouth offers some of the cheapest places to rent in the UK. With an average rental price of around £619/month, it’s very hard not to find a good place for a reasonable price.
Keep in mind that the average rental prices did consider all kinds of properties, from studios to 3-bedroom flats and houses.
Northumberland is located on the coast in northern England, not far from Edinburgh. In addition to its beautiful views, Northumberland offers very cheap places to rent. The average rental price here is around £621/month, which means you can find decent homes for an affordable price.
If you’re looking for a cheaper alternative to Bournemouth or Northumberland, consider looking in West Sussex. The average price for renting a decent home is around £621/month. Keep in mind, however, that this average does not include properties with three or more bedrooms.
Herefordshire is an area located in the western part of England. It’s known for its rural landscapes but several affordable places to live. The average rental price in Herefordshire is around £623/month, which makes the area very popular among those who are looking for cheap places to rent.
Warwickshire is another UK area that offers affordable places to live. The average rental price here is around £624/month, which means you can get a decent flat or house for a reasonable price. Keep in mind that this average does not include properties with three or more bedrooms, just like in West Sussex.
County Durham is located in the northeast region of England, near Northumberland. The average rental price here for a home with two or more bedrooms is around £627/month. This makes County Durham one of the cheaper places to live regardless of how many rooms are included in your potential house or flat.
Shropshire is a county in the west of England, near both Wales and Staffordshire. The average rental price for two or more bedroom properties is around £627/month. This makes it cheaper than other areas in the UK despite being located in a reasonably populated region.
Lincolnshire is a county in England, not far from Northamptonshire. This region offers cheap places to rent, with an average rental price of around £632/month. Keep in mind that this average does not include properties with three or more bedrooms.
Rutland is an area located in the East of England, near Lincolnshire. The average rent for a two or more bedroom property is around £640/month. This makes it cheaper than many areas in the UK despite being located in a reasonably populated region. Also, keep in mind that the average rental price here does not include properties with three or more bedrooms.
Northamptonshire is located just south of Rutland, near Leicestershire and Warwickshire. The average rental price for two or more bedroom homes is around £642/month. This makes it a cheaper alternative to nearby areas, despite being in a fairly populated region.
Burnley is the cheapest UK area to rent in for those looking for homes with two or more bedrooms. The average rental price for this type of property is around £647/month. Keep in mind that this average does not include properties with three or more bedrooms, meaning it’s cheaper than many areas in the UK despite how many rooms you want.
Ceredigion is a county located in Wales, not far from Aberystwyth. The average rental price for two or more bedroom homes is around £647/month. This makes Burnley cheaper than nearby areas despite being reasonably populated.
Selby is a county located towards the east of England, not far from North Yorkshire. The average rental price for two or more bedroom homes is around £648/month. This makes it cheaper than nearby areas despite being in a reasonably populated region. Also, keep in mind that the average rental price here does not include properties with three or more bedrooms.
Gwynedd is an area located near the coast of North Wales, just south of Anglesey. The average rental price for 2 or more bedroom homes here is around £650/month. This makes it cheaper than nearby areas despite being located in a fairly populated region. Also, keep in mind that the average rental price here does not include properties with 3 or more bedrooms.
Hyndburn is a region located in the north of England, not far from Lancashire. The average rental price for 2 or more bedroom homes here is around £650/month. This makes it cheaper than nearby areas despite being located in a fairly populated region. Also, keep in mind that the average rental price here does not include properties with 3 or more bedrooms.
Wrexham is located in Wales, not far from Chester. The average rental price for two or more bedroom homes is around £651/month. This makes it cheaper than nearby areas despite being in a fairly populated region. However, keep in mind that the average rental price here does not include properties with three or more bedrooms.
Is the UAE the best option for wealthy digital nomads and expats?
https://www.youtube.com/watch?v=cFqR031b7e8&ab_channel=AdamFayedPodcast%28ExpatandHNWIinvesting%29
https://www.youtube.com/watch?v=wLJl03fCSsI&ab_channel=AdamFayedPodcast%28ExpatandHNWIinvesting%29
https://www.youtube.com/watch?v=T0xggk1GdWs&ab_channel=AdamFayedPodcast%28ExpatandHNWIinvesting%29