Average rents outside of London has reached a record £1,349 per calendar month (pcm), Rightmove reveals.

Data shows that the annual rate of growth now stands at 5%, an easing of the 12% peak recorded in 2022.

The data comes as students prepare to start the new academic year, highlighting the increase in rental price growth across university cities nationwide.

Rightmove found that St Albans is the most expensive city to rent outside London, with tenants paying an average of £2,307 pcm, 71% above the UK average.

Meanwhile, Carlisle is the city with the lowest rental prices in Great Britain, with an average rent of £791 pcm, 41% below the national average.

Rightmove property expert Tim Bannister states: “The rental divide across Great Britain is clear, with an average difference of just over £1,500 between the most expensive and cheapest cities.”

“Many of these cities have seen rental growth of over 40% over the past five years, meaning it’s likely to be a significant consideration when students are thinking about where to study, and those who have already graduated working out if they can afford to stay in that city and find a job.”

Also commenting on this, Arla Propertymark president Angharad Trueman adds: “As rents continue to rise across the UK, this report for students should play an important factor when looking to study in order to assess their affordability.”

“Students need to ensure they do their research on the area, taking into consideration the location, expenditure and budget as well as vetting out any potential letting agents in the area.”