The cost of renting a house in the UK has reached nearly £1,000 a month as rental prices continue to rise. According to Zoopla, the average rent now stands at £995 per month after climbing 11% over the past year.
This is due to a shortage of properties available to rent at a time when demand is exploding in city centres. Students, office workers and international shoppers are also returning to urban areas in a post-pandemic world.
But like house prices, the rental market remains highly localized, with prices varying across the country. In Cambridgeshire, there are places where rental properties remain affordable, while others are much more expensive.
Read more: Local News
Using the latest numbers from Zoopla’s Rental Market Report, here are the cheapest and most expensive areas in the county for renters looking to rent a two-bed home.
The cheapest areas to rent a house
1) Wisbech – £662
Wisbech is the cheapest part of the county to rent, with an average rent of £662. However, you can often find rental properties for less than this, with a ground floor two-bedroom apartment on Mill Close currently for sale at £575 per month.
2) March – £685
Mars is the second cheapest area to rent a house in Cambridgeshire, with an average cost of £685. You can rent a house for relatively cheap here, like this studio on Regent Avenue for £477 per month which has a ground floor studio and communal garden amongst other things.
3) Peterborough – £727
Surprisingly, Peterborough is one of the cheapest parts of the county to rent a house with average costs of £727. You can even get cheaper properties, like this unfurnished two-bed flat on Church Street, which is close to the city center and costs £695 per month.
4) Yaxley – £752
Yaxley is also at the cheaper end of the rental market, where a typical property costs £752 to rent. Available to rent for an even cheaper £700, this one-bedroom house in Lime Tree Close is considered an ideal starter home.
5) Littleport – £752
The fifth most affordable area to rent a house in is Littleport, where the average cost of rent is £752. You can rent this two-bedroom apartment on Church Lane for £650 per month, which is centrally located and available to rent during that month.
The most expensive areas to rent a house
1) Cambridge – £1,276
Cambridge is the best area to rent a house in the county with an average cost of £1,276, although there are cheaper accommodations available. This fully furnished studio on Corrie Road costs just under £1000 with one bedroom, one bathroom and access to the garden.
2) Water Beach – £970
Rents in Waterbeach are among the highest in the county, primarily due to rising rental prices in the villages. Average rent is £970 with properties such as this house on Abbey Place which has four bedrooms and is exceptionally close to the city of Cambridge.
3) Ickleton – £966
Although not necessarily in Cambridgeshire, Ickleton is very close to the county and rents are relatively high. You can expect to rent a standard property for £966 a month like this one on Church Street with three bedrooms and a large garden.
4) Cambourne – £928
In Cambourne, the average cost of renting a house is £928 per month. There are slightly cheaper properties available, including a one-bedroom flatshare on Lancaster Gate for £625, which is fully furnished to a high standard and has a double bedroom with en-suite.
5) Bassingbourn – £873
Finally, at the more expensive end of the area’s rental market is Bassingbourn, where the average house costs around £873 to rent. Near Cambridgeshire, places like this cottage in North End are available at similar prices.
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