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Student Rents Rise Ahead of New Semester

Student Rents Rise Ahead of New Semester

One in three University towns/cities now sees the average rent rise above the maximum students are prepared to pay for a room per month.

 

Research released yesterday by easyroommate found that student rents rose to £357 per month, a rise of 8.5% compared to last year which saw an average of £329 per month.

 

This rise of 8.5% is inconsistent with 2011 and 2012 which saw a rise of 5% year on year. This demand is due to a five year high for university applications. A 7.2% (433,330) rise in applications compared to last year which saw a 6.3% (404,000) drop.

 

The research also found that 54% of all students saw their rents rise over the last year. 

 

For information on how to rent your property in the Southampton area give Martin and Co Southampton City a call on 02380 988881. We'll be happy to discuss any questions you may have on renting your property.