Renting in Bristol is more expensive than anywhere else in the south west of England – but you can save as much as £700 if you’re willing to move just a few miles out of the city.
New figures from the Valuation Office Agency (VOA) reveal on average, a two-bed property in Bristol cost £1,000 a month in the year to March.
That’s much higher than the national average of £695 a month, and far more expensive than other areas of the south west.
At £825, the average cost of renting a two-bedroom home in nearby South Gloucestershire is £175 less than in Bristol – and in North Somerset it’s £125 cheaper again.
But for those living in bigger properties, the savings can be even bigger if you’re willing to move out to the districts surrounding Bristol.
The average rent of property with four bedrooms or more in Bristol is £1,960 but in South Gloucestershire it’s hundreds cheaper at £1,500 – and in North Somerset it sits at £1,223.
The rental cost of different properties in and around Bristol
- Room: £459
- Studio: £665
- One-bedroom property: £825
- Two-bedroom property: £1,000
- Three-bedroom property: £1,200
- Four-bedrooms or more: £1,960
- Room: £480
- Studio: £525
- One-bedroom property: £685
- Two-bedroom property: £825
- Three-bedroom property: £1,000
- Four-bedrooms or more: £1,500
- Room: £507
- Studio: £455
- One-bedroom property: £550
- Two-bedroom property: £700
- Three-bedroom property: £850
- Four-bedrooms or more: £1,300
How Bristol compares to the rest of the country
The average rent for a two-bedroom home stands at £995 a month in Bath and North East Somerset, £825 a month in Bournemouth, £750 a month in Dorset, and £720 a month in Wiltshire.
In fact, two-bedroom rents in Bristol are more similar to the London boroughs of Bexley and Havering (£1,100 a month) than they are to places like Bournemouth.
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Despite being cheaper than in Bristol, rent is still much higher than average in both South Gloucestershire and North Somerset, where a typical two-bed property would set you back £825 and £700 a month respectively.
The figures from the VOA are published twice a year, and are based on a sample of more than half a million private rents recorded between April 2019 and March 2020.
Because they use a limited – although large – sample, the VOA caution against reading too much into trends over time.
However, figures for most places in England are higher than they were in the year to March 2019.
The average for a two-bed in Bristol was also found to be £1,000 that year.
Rents in Kensington and Chelsea are the highest in England, costing an eye-watering average of £2,817 a month for a two-bed home.
They’re followed by Westminster (£2,752 a month), Camden (£2,310) and Islington (£1,950).
Meanwhile, the cheapest rents are to be found in the north of the country.
The average cost in Hull, Barnsley, Burnley, and County Durham stands at £425 a month – lower than anywhere else in England.
Across the country as a whole, average two-bed rents were £20 more than when the survey was carried out last year.
The averages used are medians – meaning that if all rents were lined up from the most to least expensive, the one in the exact middle would be picked and used.