Rental prices in Cambridge
Thanks to its rich history, world famous university, pretty city centre, and close proximity to London, Cambridge has long been popular with renters looking for somewhere to live. As a result, good-quality properties are always in high demand and the general cost of renting is constantly creeping up.
Fortunately, although prices in Cambridge have risen over the past few years, the city is still a lot more affordable than other parts of the country. Flats, houses, and serviced accommodation in Cambridge offer much better value for money than other comparable parts of the UK, making it easier for those living in the city to balance their finances and make the most of their new home.
Buying vs Renting in Cambridge
Unlike other parts of the UK, renting in Cambridge is often more affordable than buying. According to @CambridgeNewsUK, “In Cambridge, where property prices have rocketed, householders could be nearly £550 a month better off by renting than they would be if they were buying the house on a mortgage.”
This makes the city a very attractive option for those who want to rent great value accommodation in a desirable location. Although prices vary across the city, finding a property that’s stylish, spacious and within budget should be easy.
Rental prices in Cambridge
Over the past few years, the cost of renting in Cambridge, just like the rest of the UK, has gone up considerably. On average, rents rose 16% between 2011 and 2018. Although Cambridge remains affordable compared to many other parts of the UK, renters may need to put in a little extra legwork if they’re going to secure a bargain.
The cost of renting a property in Cambridge will vary depending on a variety of factors including location, number of bedrooms and decorative condition. If you want to be in a large, newly renovated flat in the city centre, you’ll end up paying more than you would for a run down studio on the city outskirts.
However, it is still possible to find great deals on property in central parts of the city. All you need is a little local expertise and some property know how, and finding a stylish and affordable rental property in Cambridge should be easy.
How to find a great deal on rental property in Cambridge
If you want to find a great deal on rental property in Cambridge, you’ll need to find the right balance between style, space, and affordability. Often, larger property management companies can offer the best deals on high-quality properties as their large portfolios allow them to let out renovated properties at affordable prices.
If you’re currently on the lookout for high quality rental property in Cambridge and the surrounding area, we can help. Get in touch with a member of our team today to find out more.