Unaffordable housing – the private rented sector

The Office for National Statistics (ONS) has been researching private rental affordability – and really, affordable doesn’t come into it.

The East Midlands and North West are the most affordable regions for lower income households.

In London, only a household with a higher income would be able to rent a property without spending more than 30% of their income on rent.

You can see that the South West is in a similar position to the South East and not too far behind London.

  • In summer, 2021, the median monthly rent was £730 for England, recorded between April 2020 and March 2021; this is the highest ever recorded.

In Cornwall, median monthly private rent for a room was:

  • £385 per month, for a studio
  • £425 for one bedroom
  • £525 for two bedrooms
  • £650, for three bedrooms
  • £795, four bedrooms
  • £1,440 for more and
  • Over all categories £695.

 

The East Midlands and North West are the most affordable regions for lower income households living in the region
Table showing the highest rent price quartile that a household at each income quartile can rent for less than 30% of income, by region, England, FYE 2020
Region name Lower income Median income Higher income
East Midlands Low rent High rent High rent
North West Low rent High rent High rent
Yorkshire and The Humber none High rent High rent
West Midlands none High rent High rent
North East none Median rent High rent
East of England none Median rent High rent
South West none Median rent High rent
South East none Median rent High rent
London none none High rent

Source: Office for National Statistics – Family Resources Survey, Private rental market statistics

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