London is the most expensive city in the UK to rent an apartment according to new data
Stoke-on-Trent offers tenants the most affordable rent costs for an apartment new data can reveal, while London takes the top spot for being the most expensive city.
The research by financial experts TheAdvisorCoach analysed the most populated cities in the UK and used data from Numbeo to find where tenants can rent an apartment at the lowest cost. The analysis was based on prices for one bed apartments and three bed apartments both in the city centre and outside of the city.
The study revealed that Stoke-on-Trent is the most affordable city for tenants, with an average cost of £489.22 per month. Stoke-on-Trent offers tenants the lowest apartment prices in any city when it comes to a one-bedroom apartment outside of the city centre at £376.67 and a three-bed apartment in the city centre costing only £593.33 as a monthly average.
Bradford came in second with the average cost of an apartment to rent being £537.95 per month. The Yorkshire city offers low prices on many different types of apartments such as an average monthly rent of £443.12 for a one-bedroom in the city centre, the lowest in the UK. Bradford also has the third most affordable monthly rent for a three-bedroom apartment in the city centre with an average cost of £692.14.
Blackpool had the second lowest rent cost for a three-bed apartment in the city centre, priced at £691.67 a month, while Wigan had the third cheapest price for a three-bed outside of the city centre, costing £550 a month.
The research found that Sunderland is the third most affordable city for tenants looking to rent an apartment. The average cost of renting an apartment in Sunderland for a tenant would be £568.75, and it is the cheapest city in the UK for tenants looking for a three-bedroom apartment outside of the city centre with an average monthly rent of £525. The city can also offer tenants the third cheapest monthly rent price of £400 for a one-bedroom apartment outside of the city centre.