Renting in Cambridge – the facts and figures
Though small, Cambridge has a lot to offer and people relocate to the city from all over the world. Cambridge attracts people who want to study at its world-class university, entrepreneurs looking for a dynamic place to set up business and companies who want to take advantage of the city’s rich pool of creative and intellectual talent. As @iccreativejobs says, “Cambridge has a great deal of cultural appeal, but it also has a huge helping of tech appeal too, as home to some of the most progressive tech companies in the world.”
As a result of the number of people moving to the area, the demand for houses in Cambridge has gone through the roof. This, in turn, has led to a sharp rise in rental costs. Understanding the costs involved in living in the city is essential if you’re planning on moving to Cambridge.
Average rental costs
The cost of renting a house or flat in Cambridge will vary depending on several factors. The most important are: the number of bedrooms, location, and decorative condition. Other considerations that will impact on the cost of your rental include the size of the property, its proximity to amenities and the quality of the schools in the local area.
In Cambridge, the majority of the properties available to rent have one or two bedrooms. The average cost of a one-bed in the city is £969 per calendar month, while the average cost of a two-bed is £1,472 per calendar month. Three-bedroom properties are also readily available on the Cambridge rental market. They will cost you an average of £1,615 per calendar month. Four and five-bedroom properties are generally a little hard to find. They are also a lot more expensive with average tenancies costing £1,979 and £2,489 respectively.
Types of properties available
The most affordable option for people moving to Cambridge is to rent a room in a shared property. The average cost of a room in the city is £587 a month. If you want a flat to yourself, you’ll be looking at around £1, 211 per month. Most flats are found in and around the city centre, offering you a fantastic location from which to explore Cambridge.
If you’re looking for a little more space, houses in Cambridge rent for an average of £1,656. Houses are generally a little more spacious than flats and often come with gardens, making them perfect for families and people with animals. However, most of the houses available for rent in Cambridge are located slightly outside the city centre. This means you’ll be a little further from the amenities and the city’s vibrant nightlife.
The best way to find affordable rental options in Cambridge, especially if you’re only staying in the city for a few months, is to look for a specialist rental service. Checked-Inn offers a fantastic range of high-quality apartments right in the heart of the city. Our prices are transparent and we offer flexible contracts to suit you. Find out more by getting in touch today.