Glasgow neighbourhoods top affordable rental list

Published on 25/02/2012 02:06

Glasgow’s neighbourhoods continue to dominate the affordable end of the city rental market, according to the latest research from Citylets.

Figures for the fourth quarter last year show that of the ten least expensive areas to rent in Scotland eight are in or around Glasgow – with Govan and Ibrox ranked as the cheapest area to rent, with an average monthly two-bedroom rent at £432 a month – a fall of almost 1 per cent since the same period the previous year.

Meanwhile, areas in Aberdeen and Edinburgh predominated Scotland’s top ten list of most expensive rental areas for the final three months of last year. Only one Glasgow neighbourhood made it in to the top ten list, with the average rent for a two-bed flat in the Park and Woodlands area standing at £795, a rise of 3.7 per cent compared to the same time last year.

“It is good to see that while urban rents have increased gradually over the year there are still areas that can offer value for the tenant in each city,” said Dan Cookson, senior analyst for the Citylets network. “This is important as it is evident the ‘generation rent’ trend continues with many people not being able to afford a deposit for their first step on to the property ladder.”