How the cost to rent a home in Manchester compares to London, Liverpool, Birmingham, Newcastle and Glasgow

The UK rental market is busier than ever driven by a shortage of properties, rising rents and extreme competition. Average rent costs outside of London have now hit an all-time high of £1,126 per month which has risen by 11.8 per month compared to last year, according to Rightmove.

This increase in rent costs means that rents outside of London are rising at the highest annual rate Rightmove has ever recorded in 16 years, with prices now 19 per cent higher than when the pandemic started two years ago.

Rent costs in London have also continued to rise as the capital city reached a new record of £2,257 per calendar month in June 2022. Annual growth in rents in London is now at 15.8%, the fastest ever rate of any region.

READ MORE: The Greater Manchester postcodes where house prices have gone up by more than £70 a day

Using data compiled by Home, MyLondon have now looked at rent costs in London, Manchester, Liverpool, Birmingham, Glasgow and Newcastle to see how the rental market compares.

In Manchester, average rent costs are still much cheaper than in London, but slightly more expensive than other UK cities.

The typical price of renting a one-bed flat is now £1105 per month, with a five-bed home now costing £2248 a month.

As for comparing Manchester with London, the difference is still huge. There's still a 76 per cent increase in the average cost of renting a one-bedroom property in the capital compared to the northern city.

The rental market in London has been bonkers recently with prices significantly higher than Manchester.

The average cost of renting a one-bedroom property in the capital is now £2,641 per calendar month based on 5814 properties on the market.

This increases significantly the more bedrooms you have,