Rightmove: St Albans named Great Britain’s most expensive city to rent

Rightmove logo

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%

 

Rightmove

UK Property news updates shared directly from Rightmove PLC - the country's leading property portal.

You May Also Enjoy

Breaking News

Two in five mortgage holders switched banks for a better mortgage deal

Of those who have a mortgage and switched banks, 41% did so to get a better mortgage rate deal and 30% did it to receive an incentive related to their mortgage Only 15% of people moving home switched their bank account during the move, while far more switched broadband (46%), energy (38%), and mobile phones…
Read More
Breaking News

Housing market trends highlight a changing landscape

The housing market has seen many challenges across the year to date and, in many ways, the property landscape has been a year of two extremes already.   At the start of the year, there was a quiet but optimistic consumer confidence in the air.   However, with the global economy impacting almost every aspect…
Read More
Breaking News

Mortgage rate rises loom as major lenders reprice

Major lenders have moved to increase mortgage rates to catch up with recent rises to swap rates, according to Moneyfactscompare.co.uk analysis.   Over the coming days, more lenders are expected to review mortgage rates in response to higher swap rates, with HSBC and NatWest so far the biggest banks to increase rates since the start…
Read More
Breaking News

Average house price edged down in August

House prices in August 2026 were -0.4% lower compared to the same month a year earlier.   Average house price edged down in August as market remains subdued • House prices fell slightly in August ( -0.2%), following a -0.1% decrease in July • Average property price now £298,468 compared with £299,153 in July •…
Read More
Estate Agent Talk

A derelict property will still set you back £240,000

The latest data from LandSale, the property portal dedicated to land and rural property, reveals that buyers looking to breathe new life into a derelict property could face an asking price as high as £237,500 on average, highlighting the substantial value still attached to redevelopment opportunities across Britain.   Britain continues to struggle with a severe…
Read More
Estate Agent Talk

Selling an Inherited Property in Scotland: A Clear Guide

Selling an inherited property in Scotland can begin only once confirmation, the Scottish equivalent of probate, has been granted by the court. Until that legal authority is in place, the executor cannot complete a sale, so grasping the sequence early saves later frustration. Families who would rather not manage a long marketing process sometimes approach…
Read More