Student rental costs soar

Rents in Newport in Wales have more than doubled, according to new research

Students are being forced to splash even more cash on rent this year after new research revealed ‘soaring’ prices in the south and doubled costs in some university towns.

Based on over 125,000 rental properties in 92 locations, the average student's rent is now 3.1 per cent more of a money drain than it was in 2012. Students nationwide are paying an average of £79.42 per week, with an evident north-south divide in prices.

Unsurprisingly, London remains the most expensive area for students to rent at £129, according to Accommodation for Students (AFS). Egham in Surrey is in second place, with rent costing around £115. The biggest rise, however, was seen in Newport, Wales, where rents have more than doubled to hit £113.

Students at northern universities will benefit from all weekly rental prices costing at least six per cent less than the national average, with those studying in Manchester, Leeds, Nottingham and Sheffield seeing rents remain stable or even fall in price. The best value rental locations are Walsall, Stockton and Wolverhampton, with average weekly charges of just £48, £49 and £52 respectively.

As for additional bills, the ‘inclusive bills’ option is preferred by nearly three quarters of students as it helps them stay in control of their budgets. Availability for this has more than doubled in the last five years, with inclusive bills costing £8.08 a week on average in the south and £5.51 in the north.

So are costs set to continuously rise? “The student accommodation market remains robust and we are still seeing large-scale developments in student accommodation up and down the country,” explains AFS director Simon Thompson.

“Demand for places at well-renowned academic institutions is clearly having an impact on student rents, but with reports that some universities are offering incentives as a way to fill spaces and entice the brightest students, it will be interesting to see what effect this has on future accommodation demand and subsequently rents, in such locations."

PROMOTED VIDEO
Have you tried new the Independent Digital Edition apps?
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
iJobs Job Widget
iJobs Student

Recruitment Genius: Graduate Commercial Property Surveyor

£18000 - £20000 per annum: Recruitment Genius: One of the leading firms of Cha...

Ashdown Group: Marketing Executive - Central London, Bank

£26000 - £28000 per annum: Ashdown Group: A truly exciting opportunity has ari...

Recruitment Genius: Graduate Structural Engineer

£22500 per annum: Recruitment Genius: A keen Graduate Structural Engineer with...

Recruitment Genius: Graduate Data & Delivery Guru

Negotiable: Recruitment Genius: A Graduate Data & Delivery Guru is required to...

Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

Day In a Page

In a world of Saudi bullying, right-wing Israeli ministers and the twilight of Obama, Iran is looking like a possible policeman of the Gulf

Iran is shifting from pariah to possible future policeman of the Gulf

Robert Fisk on our crisis with Iran
The young are the new poor: A third of young people pushed into poverty

The young are the new poor

Sharp increase in the number of under-25s living in poverty
Greens on the march: ‘We could be on the edge of something very big’

Greens on the march

‘We could be on the edge of something very big’
Revealed: the case against Bill Cosby - through the stories of his accusers

Revealed: the case against Bill Cosby

Through the stories of his accusers
Why are words like 'mongol' and 'mongoloid' still bandied about as insults?

The Meaning of Mongol

Why are the words 'mongol' and 'mongoloid' still bandied about as insults?
Mau Mau uprising: Kenyans still waiting for justice join class action over Britain's role in the emergency

Kenyans still waiting for justice over Mau Mau uprising

Thousands join class action over Britain's role in the emergency
Isis in Iraq: The trauma of the last six months has overwhelmed the remaining Christians in the country

The last Christians in Iraq

After 2,000 years, a community will try anything – including pretending to convert to Islam – to avoid losing everything, says Patrick Cockburn
Black Friday: Helpful discounts for Christmas shoppers, or cynical marketing by desperate retailers?

Helpful discounts for Christmas shoppers, or cynical marketing by desperate retailers?

Britain braced for Black Friday
Bill Cosby's persona goes from America's dad to date-rape drugs

From America's dad to date-rape drugs

Stories of Bill Cosby's alleged sexual assaults may have circulated widely in Hollywood, but they came as a shock to fans, says Rupert Cornwell
Clare Balding: 'Women's sport is kicking off at last'

Clare Balding: 'Women's sport is kicking off at last'

As fans flock to see England women's Wembley debut against Germany, the TV presenter on an exciting 'sea change'
Oh come, all ye multi-faithful: The Christmas jumper is in fashion, but should you wear your religion on your sleeve?

Oh come, all ye multi-faithful

The Christmas jumper is in fashion, but should you wear your religion on your sleeve?
Dr Charles Heatley: The GP off to do battle in the war against Ebola

The GP off to do battle in the war against Ebola

Dr Charles Heatley on joining the NHS volunteers' team bound for Sierra Leone
Flogging vlogging: First video bloggers conquered YouTube. Now they want us to buy their books

Flogging vlogging

First video bloggers conquered YouTube. Now they want us to buy their books
Saturday Night Live vs The Daily Show: US channels wage comedy star wars

Saturday Night Live vs The Daily Show

US channels wage comedy star wars
When is a wine made in Piedmont not a Piemonte wine? When EU rules make Italian vineyards invisible

When is a wine made in Piedmont not a Piemonte wine?

When EU rules make Italian vineyards invisible