Who needs a holiday when you can rent in Liverpool for three months for the same price?

June 15, 2020

The average person in the UK spends £826 on a week of sun, sea and sand each year, however, with many travel restrictions still in place, a trip abroad is looking increasingly unlikely in 2020.

With an average of 2.4 people living in each household, the silver lining is a potential saving of £1,652 for a week’s holiday for two. The latest research conducted by deposit replacement scheme Ome has revealed how this saving could be spent in the UK rental market.

With the current average UK rent sat at £959, tenants could financially tackle nearly two months of rental costs (1.7) with a would be holiday fund. This climbs to over three months in Wales and the North East (3.1) where the average rent is £539 and £533 respectively.

Tenants could also cover two months rent or more in Yorkshire and the Humber (2.7), the North West (2.7), Northern Ireland (2.6), the East and West Midlands (2.6 & 2.5), Scotland (2.2) and the South West (2.0).

Even in London, the cost of the average holiday for two is enough to cover nearly a month’s rent. Once again this climbs to three months in Liverpool and two months or more in Swansea (2.9), Plymouth (2.7), Newport (2.7), Sheffield (2.6), Leicester (2.6), Nottingham (2.5), Newcastle (2.5), Belfast (2.3), Birmingham (2.3), Aberdeen (2.2), Cardiff (2.2), Leeds (2.1), Southampton (2.1). Manchester (2.0) and Portsmouth (2.0).

While the cost of rental deposit is higher than a month’s (five weeks rent), the average price paid for a holiday would still cover this cost comfortably across every region and major city, except for London and Oxford.

Nation/Region
Average Rent
Average Deposit
Average Holiday Cost
Holiday/Rent
Holiday/Rental Deposit
North East
£533
£666
£1,652
3.10
2.48
Wales
£539
£673
£1,652
3.07
2.45
Yorkshire and the Humber
£617
£771
£1,652
2.68
2.14
North West
£621
£776
£1,652
2.66
2.13
Northern Ireland
£627
£784
£1,652
2.63
2.11
East Midlands
£628
£785
£1,652
2.63
2.10
West Midlands
£662
£828
£1,652
2.50
2.00
Scotland
£748
£936
£1,652
2.21
1.77
South West
£816
£1,020
£1,652
2.02
1.62
East of England
£869
£1,086
£1,652
1.90
1.52
South East
£998
£1,248
£1,652
1.66
1.32
London
£1,697
£2,121
£1,652
0.97
0.78
England
£852
£1,065
£1,652
1.94
1.55
United Kingdom
£959
£1,199
£1,652
1.72
1.38
City
Average Rent
Average Deposit
Average Holiday Cost
Holiday/Rent
Holiday/Rental Deposit
Liverpool
£532
£665
£1,652
3.11
2.48
Swansea
£567
£709
£1,652
2.91
2.33
Plymouth
£604
£755
£1,652
2.74
2.19
Newport
£611
£764
£1,652
2.70
2.16
Sheffield
£629
£786
£1,652
2.63
2.10
Leicester
£629
£786
£1,652
2.63
2.10
Nottingham
£657
£821
£1,652
2.51
2.01
Newcastle
£674
£843
£1,652
2.45
1.96
Belfast
£716
£895
£1,652
2.31
1.85
Birmingham
£724
£905
£1,652
2.28
1.83
Aberdeen
£735
£919
£1,652
2.25
1.80
Cardiff
£746
£933
£1,652
2.21
1.77
Leeds
£774
£968
£1,652
2.13
1.71
Southampton
£799
£999
£1,652
2.07
1.65
Manchester
£822
£1,028
£1,652
2.01
1.61
Portsmouth
£847
£1,059
£1,652
1.95
1.56
Bournemouth
£867
£1,084
£1,652
1.91
1.52
Glasgow
£883
£1,104
£1,652
1.87
1.50
Edinburgh
£1,084
£1,355
£1,652
1.52
1.22
Bristol
£1,140
£1,425
£1,652
1.45
1.16
Cambridge
£1,253
£1,566
£1,652
1.32
1.05
Oxford
£1,509
£1,886
£1,652
1.09
0.88
London
£1,697
£2,121
£1,652
0.97
0.78
Average rental costs sourced from Gov.uk, Gov.wales, Gov.scot and NIHE.

Properganda PR

National and local media coverage for property businesses. Journo quotes delivered in minutes.

You May Also Enjoy

Estate Agent Talk

Renting an Apartment for Streaming and Gaming: What to Check Before Paying the Security Deposit

For those who stream or compete online from home, choosing a place to live becomes a task with many variables. Beautiful photos in a listing say little about whether an apartment is suitable for a home studio, stable livestreaming, and long hours in front of a monitor. The decision should be based not on the…
Read More →
Breaking News

London rents outperform property values

The latest research by London lettings and estate agent, Benham and Reeves, has revealed that rental growth has outperformed house price growth across 26 of London’s 32 boroughs since the start of the year, with rents continuing to climb despite weaker property price performance across much of the capital. Benham and Reeves analysed the average…
Read More →
Breaking News

Rental property availability falls

The number of rental properties available across England fell by 12.1% during the third quarter of 2026, according to new analysis by Dwelly, highlighting an increasingly competitive rental market in many parts of the country. Dwelly is one of the UK’s largest rental property management groups, with more than 15,000 properties under management. The firm’s…
Read More →
Breaking News

Average advertised rents surpass £1,400 for the first time

The average advertised rent of homes outside London has risen to a new record of £1,418 per calendar month, up 1.5% this quarter: Despite a new record rent, annual rental growth has returned to a more stable level of +2.4% Number of available rental homes nationally is 2% lower than a year ago, while renter…
Read More →
Breaking News

Barclays unlocks wider mortgage access for company directors

Limited company directors who meet the income threshold can now have their Profit After Tax (PAT) considered in their affordability assessment regardless of property value The change means that, for a wider group of limited company directors, Barclays will consider a fuller view of the applicant’s income The update is the latest in a series…
Read More →
Breaking News

Homebuyer demand fall in Q3

The latest sales demand data from eXp UK has revealed that homebuyer demand in England slipped by -1.6% in Q3 2026. The analysis shows that just five counties managed positive growth during the quarter, suggesting that buyers may be holding back, adopting a wait-and-see approach ahead of what promises to be a vital Autumn Budget –…
Read More →