Renters in Greater Manchester are starting to feel the pinch as new data shows rent prices have increased by at least 10% in all 10boroughs compared to last year.
According to the latest rental market report by real estate website Zoopla, Salford has seen the highest rise in rent per month at 15.9% and Tameside has the lowest rise at 9.8%. The rent increases in the other eight boroughs over the last year all range between 11-14%.
Looking at rent increases in England, Scotland and Wales overall, the three local authorities with the highest rent increases in the last are all in London, with Newham at the top, followed by Tower Hamlets and Greenwich. At the other end of the scale, Richmondshire has the lowest rent increase, followed by Purbeck in the South West and Breckland in East England.
Here are all the rent price increases in all Greater Manchester boroughs, ranked from most expensive rent to least.
1. Manchester
As of 1 January, 2023 Manchester has the highest average rent price in Greater Manchester at £1,104 per month. This is an increase of 13.8% from the previous year, the 26th highest rise in the country and the second highest rise of the ten Greater Manchester boroughs. (Credit: Marketing Manchester)
2. Trafford
The average rent price per month in Trafford as of 1 January, 2023 is £1,093. This is an increase of 12.7% from the previous year, the 37th highest rise in the country and fifth highest rise of the ten Greater Manchester boroughs. (Photo by Clive Brunskill/Getty Images)
3. Salford
The average rent price per month in Salford as of 1 January, 2023 is £986. This is an increase of 15.9% from the previous year, the eighth highest rise in the country and the highest rise of the ten Greater Manchester boroughs. (Credit: Getty)
4. Stockport
The average rent price per month in Stockport as of 1 January, 2023 is £905. This is an increase of 11.5% from the previous year, the 57th highest rise in the country and eighth highest rise of the ten Greater Manchester boroughs. (Photo: G-Man via Wikimedia Commons)