The average cost of renting a property in Britain is putting huge pressure on tenants, and is currently standing at an eye-watering £1,172 a month.
In some places, that amount of money will enable you to rent a four-bedroom detached house, but in others, it may only stretch to a room in a flat share.
When London is excluded the average rent in Britain is £977 a month, according to the latest figures from HomeLet.
This London studio is available to rent for the same price as a detached four bedroom house in other areas of the country (scroll down for more details)
Rental values tend to be higher in London, where there is higher demand and a lack of supply.
The average cost of renting in the capital is £1,989 a month, with values in London and around the country expected to continue rising throughout this year.
Andy Halstead, of HomeLet, said: The cost of living crisis is showing few signs of abating anytime soon, with tenants facing rising costs across all areas of their lives.
‘The increasing pressure on tenants looks likely to have a knock on effect – tenants facing difficulties paying rent could see landlords choosing to exit the market altogether, leading to a spiral that exacerbates the shortage of rental properties and further drives prices upwards.’
Daniel Copley, of property website Zoopla, said: “Although rents have increased by 12 per cent in the past year at a UK level – this varies significantly depending on where in the country you’re looking for a home to rent.”
So what does this buy those looking for a rental home around the country? We take a look at what you can rent for around £1,200 a month and how it compares around the country.
Six properties to rent for £1,200 a month
1. Three-bed terrace, Cheltenham, £1,200 a month
This three-bedroom property in Cheltenham, Gloucestershire, is to rent for £1,200 a month via Move Sales & Lettings
The kitchen has wooden units, white tiles and a window that floods the room with plenty of light
This terrace property is in a cul-de-sac in Cheltenham, Gloucestershire and has three bedrooms.
A new carpet is being fitting in the living room and hallway, and there is the bonus of a single garage.
The property is available to rent for £1,200 a month via Move Sales & Lettings.
2. Four-bed detached house, Ripon, £1,200 a month
This property is in Ripon, North Yorkshire, and is available to rent for £1,200 a month via Belvoir lettings agents
This rental property has a modern kitchen with grey cabinets and a large central island
This rental home is on the outskirts of the cathedral city of Ripon, North Yorkshire, and is available to rent for £1,200 a month via Belvoir lettings agents.
The detached property spreads across three floors and boasts four bedrooms, a conservatory and a spacious garden. It is available from March 10 and is unfurnished.
3. Three bed terrace, Bedford, £1,200 a month
This three-bedroom terrace property in Bedfordshire is to rent for £1,200 a month via Goodacres lettings agents
The property has a living room with wooden flooring, a bay window and feature fireplace
It is available to rent either furnished or furnished and has a low maintenance garden at the rear of the property
This three-bedroom terrace property is in Bedfordshire and is available to rent for £1,200 a month via Goodacres lettings agents.
The property is in the castle area of the market town of Bedford and is a mile from Bedford train station.
It is available to rent either furnished or furnished and has a low maintenance garden at the rear of the property.
4. Studio flat, Acton, £1,250 a month
This studio flat in London’s Acton is to rent for just above the average rental in Britain, at £1,250 a month via Curtis and Parker lettings agents
The property has easy access to both East Acton station and to Westfield shopping centre
The studio has a sleeping space with an open plan kitchen, as well as a separate shower room
This studio flat in London’s Acton is available to rent for just above the average rental in Britain, at £1,250 a month via Curtis and Parker lettings agents.
It has easy access to both East Acton station and to Westfield shopping centre.
The studio has a sleeping space with an open plan kitchen and a separate shower room. The furnished property is available from later this month.
5. Three-bed semi-detached house, Edwardsville
This semi-detached property is in Edwardsville, a small area of Merthyr Tydfil in Wales
The family property is available to rent for £1,200 a month via Bayside lettings agents
This semi-detached property is in Edwardsville, a small area of Merthyr Tydfil in Wales.
It is unfurnished, with three bedrooms and a garden. It is available to rent for £1,200 a month via Bayside lettings agents.