Reading has been ranked the fifth most expensive town or city for renting apartments in the United Kingdom.

In an investigation carried out by Eachnight.com, comparisons were made on the average cost of one-bedroom apartments in the city centre, out of the city centre, and the same for three-bedroom properties.

Commenting on the study, a spokesperson from Eachnight.com said: “The cost of living can often cause stress and this study offers a breakdown of the most cost-effective locations and styles, providing the best options for those looking to rent.” 

The most expensive one-bedroom apartment within the city centre was London, which was also the highest outside of the centre and the highest cost overall, with an average monthly rent of £2,100.69.

In stark comparison, the cheapest one-bedroom apartment inside the city centre was Bradford at just £443.12 on average, and the lowest three-bedroom apartment outside of the city centre was Sunderland with £525.

Reading sits in the most expensive quarter of cities on average, with an average of £924.23 for a one-bed apartment in the town centre, and £1,657.14 for a three-bed apartment in a similar location.

The total average calculated that it would cost £1,186.66 to rent an apartment in Reading, cheaper than just London, Brighton, Oxford and Cambridge.

The cheapest total average is Stoke-on-Trent at just £489.22, followed by the likes of Bradford, Sunderland and Wigan

See the graph below for a visual representation of the data, with the blue bar representing the average monthly cost of a one-bedroom apartment in the city centre; the orange bar represents the monthly cost of a three bedroom apartment in the city centre and the green bar represents the total average monthly cost for each city.

 

Reading Chronicle:

Above: A graph to show the average monthly cost of apartments in cities across the UK

 

 

Visit www.eachnight.com to find out more.