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These are the most affordable places to rent

New data from leading flatshare site SpareRoom reveals that current chaos in the rental market shows no sign of resolving itself, with UK rents in Q4 2022 reaching an all-time high, increasing by 13 per cent year-on-year. As of December 2022, the average UK room rent was £731.

In Greater London, room rents exceeded £900 for the first time ever in September 2022, with average room rents since climbing to £949 as of December 2022.

And it isn’t just the Capital feeling the pinch. Whilst London saw the biggest increase in Q4 2022 vs Q4 2021, all UK regions bar Scotland saw a rise in average room rents, and the fall in Scotland (-6%) can be put down to inflated rents in Q4 2021 in the Glasgow area due to the COP26 summit.

Outside of the capital, the most expensive places to rent in Q4 2022 were Kingston Upon Thames (£852), Twickenham (£824) and Southall (£805). Conversely, the cheapest areas to rent in the UK were Burnley at £421, Barnsley at £422 and Huddersfield at £428.

A list of the top 10 most and least expensive areas both in the UK and the capital can be found below:

LONDON

Most expensive		Least expensive
London postcodes	Average monthly room rent Q4 2022	London postcodes	Average monthly room rent Q4 2022
W1 (West End / Soho)	£1,475	SE25 (Norwood)	£680
SW1 (Westminster / Belgravia / Pimlico)	£1,284	E12 (Manor Park)	£690
WC1 (Bloomsbury / High Holborn)	£1,255	E6 (East Ham)	£697
W2 (Bayswater / Paddington)	£1,214	E4 (Chingford)	£698
NW1 (Camden)	£1,213	N18 (Upper Edmonton)	£701
NW3 (Hampstead)	£1,203	SE2 (Abbey Wood)	£705
EC1 (Aldersgate / Finsbury / Holborn)	£1,155	SE28 (Thamesmead)	£705
SW10 (West Brompton / Chelsea)	£1,150	E13 (Plaistow)	£720
SW11 (Battersea)	£1,103	SE20 (Penge)	£721
SE1 (London Bridge / Borough / Waterloo)	£1,101	E7 (Forest Gate)	£725

Most expensive		Least expensive
Town/City	Average monthly room rent Q4 2022	Town/City	Average monthly room rent Q4 2022
Kingston upon Thames	£852	Burnley	£421
Twickenham	£824	Barnsley	£422
Southall	£805	Huddersfield	£428
Barnet	£772	Stoke-on-Trent	£432
Harrow	£750	Rotherham	£438
Ilford	£745	Crewe	£440
Bromley	£743	Bradford	£441
Croydon	£735	Darlington	£442
Cambridge	£730	Middlesbrough	£443
Hove	£723	Doncaster	£443

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