Stat of the day: 55%

The percentage of local authorities in England where private rents are now deemed 'unaffordable'.

Last Updated: 09 Oct 2013

If you’re struggling to pay your rent, you’re not alone. Private rents are now classed as ‘unaffordable’ (ie. more than a third of a household’s total income) in 55% of local authorities in England, according to homeless charity Shelter.

MT can barely remember the days when renting was seen as a cheaper alternative to home ownership – but the problem is that the lacklustre housing market, along with first-time buyers being priced out the market, has pushed up demand for rental properties.

Unsurprisingly, London boroughs were the most expensive, with the average monthly rent for a 2-bed house costing £1,360. Ouch.

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