Tenants are bearing the brunt of increasing rental prices across the region
House prices might be slowing down across the UK, but unfortunately for tenants, rents are still on the rise. According to the Office for National Statistics , house prices are now only a “little changed” from a year earlier, but rent costs have seen another 'record rise'.
Manchester Unsurprisingly, Manchester is the priciest borough to rent, with the average cost likely driven by sky-high rental prices across the city centre. Any tenant wanting to rent in the area can now expect to pay an average of £1,104 per month. Stockport The fourth most expensive borough for renting is Stockport, with an average monthly price of £957 today.
Oldham Oldham is generally one of the cheaper areas to buy a house, and that is the same for its rent costs. The standard price to rent across the borough is now £766 a month.
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