Rents out of have soared by as much as 70%, new data has found.
Salford, Greater , saw the UK's biggest hike over the past decade. There, the average monthly jumped from £636 in 2015 to £1,063 this year - a huge 67% rise.
A in Bristol is now typically £1,763 per month - up from £1,082 in 2015 - a 63% increase, while in Leicester prices have climbed from £574 to £934, also a 63% rise.
In comparison, the London-based Royal Borough of Kensington and Chelsea was the priciest place to rent in Britain, but saw a relatively low increase of 27% over the same period, going from £2,685 to £3,418.
Across the UK, rents surged by more than 37%, from an average of £938 in 2015 to £1,286 in 2024, found analysis of Office for National Statistics data by self-storage firm . Aberdeenshire bucked the national trend with a 14% drop in the cost of renting, from £952 to £822.
Storage Vault director Fraser Sutherland said: "The biggest surprise was that some areas had seen a fall in rental costs, as opposed to the rises we expected. Rises at the levels seen in this data aren’t sustainable. In a country which has seen wages stagnate for over a decade, already stretched budgets become impossible to manage with rental costs increasing by almost 70% in some areas."
He added: "When people become unable to afford increasing prices, ultimately it means they have to move further away from the areas their families, jobs and support networks are in.
"Moving frequently can also bring additional financial strain, as people need to pack up and transport or store their lives, until they can find a more permanent and affordable home."
You may also like
Mason Mount's true colours are clear as Thomas Tuchel appointed England manager
M6 horror crash: Five dead including two children after car 'drove wrong way' on motorway
Megyn Kelly's analysis on Harris going to Fox, Rogan: 'If you have good internal polling...'
New bill on assisted dying introduced in UK parliament; key details
The 'world's largest megaproject' that will see 8 new cities built from scratch for £77bn
'There are reasons to introspect': EAM's message to Pakistan and China on 'good neighborliness'
Orchha's dossier for World Heritage Status accepted by UNESCO: MP govt
'I found a Kill List on the Dark Web so I started contacting names to warn them'
"Confident of getting substantial support in Shiggaon", former Karnataka CM Bommai
Jake Paul sent 'kill' warning ahead of Mike Tyson boxing fight
Rachel Reeves is spinning false claims about financial blackhole
No alliance, MNS will go solo in Maharashtra polls: Raj Thackeray
When Terence Stamp Was To Star Opposite Amitabh Bachchan In Deepa Mehta's Film, Latter Reveals Details - EXCLUSIVE
MLS chief understands call to cancel new Club World Cup
SC verdict on Thursday on batch of pleas challenging validity of Section 6A of Citizenship Act
Law enforcement agencies actively pursuing all cases of bomb threats to airlines: Civil Aviation Minister Naidu
James Blunt admits 'really stupid' decision as he tries to get first album to top charts
Popular household item causes 15 percent of road accidents, expert warns
Tammy Slaton from '1000-lb Sisters' wows with transformation after weight loss goal
Investment proposals worth Rs 8000 crore received for gold mining in Rajasthan