Renting is expensive. While London has always had eye-wateringly high rental prices, rents in other parts of the UK have also risen steeply. Traditionally, it has been more costly to rent in the south than in the north, but this gap is starting to close. And now rent is taking up more of our income than ever. There are ways to reduce your rental costs if you are prepared to make some compromises. Here are some practical ways to save on rent in the UK.
Consider A Flat Share
Sharing a flat or house is one of the easiest ways to cut rent costs. Flat sharing reduces monthly expenses by dividing the costs between the occupants. You can find flatshare listings on websites like Spareroom and Gumtree.
Negotiate Your Rent
If you feel the pinch, consider asking your landlord to reduce the rent. Find the average rent for similar properties in your area and determine if you are paying more than the going rate. If you have been a model tenant and have always paid the rent on time, your landlord may not want to lose you. The cost to the landlord of finding a new tenant who may not be as reliable as you might outstrip any potential reduction in rent.
Move to Less Expensive Areas
It’s not always possible to move, but if you can, look for lower rental prices in surrounding areas. Often, you can find much more affordable rents just a short commute away from major city centres. Use tools like Zoopla and Rightmove to find the average rent in nearby areas.
Save On Rent with Longer Leases
Longer leases can help to reduce rental and moving costs. A 12-month contract might be cheaper than a six-month one. A longer lease benefits both landlord and tenant by adding stability and reducing the hassle of moving or finding a new tenant.
Look for Unfurnished Properties
Unfurnished properties generally have lower rents than furnished ones. If you already have your furniture or are willing to buy second-hand items, opt for an unfurnished rental.
Check If You Qualify for Help With Your Rent
If you have a low income, you might be eligible for benefits such as Universal Credit or Income Support. These benefits can help cover a portion of your rent each month. Check the government website or consult your local council to find out how to apply.
Live with Family or Friends
Moving back in with Mom and Dad might not be ideal, but it can save you a packet. While this might not be a long-term solution, it can help you save up for a deposit or pay off debts so that you can afford your own place in the future.
Consider Alternative Living Arrangements
Exploring alternatives like house sitting or living in a property that requires caretaking can provide significant savings. Websites like TrustedHousesitters and House Sitters UK list opportunities where you can live rent-free in exchange for looking after someone’s home.
Timing and Flexibility
Moving during off-peak seasons, such as winter, can sometimes result in lower rent as demand decreases. Additionally, being flexible with your move-in date can give you more bargaining power with landlords.
Use Rental Platforms and Apps
Use rental platforms and apps to find the best deals. Websites like OpenRent, Movebubble, and Ideal Flatmate help you find affordable rentals in your desired area.
It might take a little juggling, but it is possible to save on rent in the UK. You might need to be flexible in your living arrangements and consider options you haven’t considered. Failing that, try to negotiate a cheaper rent on your current rental, or if it’s allowed, find another person to move in and help to share the costs.
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