Hull is the most affordable city to rent in with a typical rent of £799 per month, analysis from Rightmove shows.

In the city rental payments are made up of 26% of earnings, down from an average of 50% across Great Britain.

Rents are also 48% below the national average of £1,526 per month.

Steve Pimblett, chief data officer at Rightmove, said: “With average rents continuing to rise in most cities, many are having to consider their affordability when choosing a city to live in, including students heading off for their university adventure later this year.

“We are seeing rental price growth slowing overall and a better balance between supply and demand.

“However, as seen by this data, the picture can look quite different depending on where you’re looking to live, and agents tell us the market is still very busy compared with pre-pandemic norms.”

At the other end, London continues to be the most expensive city to rent in with the average advertised rent of a home reaching a new record of £2,695 pcm.

St. Albans is second on the list at an average of £2,330 pcm, and Oxford is third at £2,041 pcm.

Pimblett added: “With average rents continuing to rise in most cities, many are having to consider their affordability when choosing a city to live in, including students heading off for their university adventure later this year.

“We are seeing rental price growth slowing overall and a better balance between supply and demand.

“However, as seen by this data, the picture can look quite different depending on where you’re looking to live, and agents tell us the market is still very busy compared with pre-pandemic norms.”

Via @PropertyWire