![](\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/07\/1_Oldham-Greater-Manchester.jpg\")
Oldham has seen rents surge over the last three years(Image: Getty Images)<\/p>\nRenters have seen a bigger increase in their monthly payments than mortgaged homeowners, Zoopla saysOldham has seen rents surge over the last three years(Image: Getty Images)<\/p>\n
Three parts of Greater Manchester<\/a> have seen rent costs soar more than anywhere else in the UK in the last three years. New analysis from Zoopla<\/a> has now revealed that private renters have seen a bigger increase in their monthly costs since 2022 than homeowners.<\/p>\n The average rent across the UK currently sit at \u00a31,283 per month, with mortgage<\/a> repayments for the average outstanding loan costing \u00a31,154 per month.<\/p>\n Over the last three years, higher mortgage rates have increased the average mortgage repayment on outstanding mortgages by \u00a3218 per month.<\/p>\n Meanwhile, rents for new lets have risen by \u00a3221pcm on average over the same period as demand for rented homes grew rapidly over 2022 and 2023, whilst the supply of rented homes has remained broadly static due to low levels of new investment by landlords.<\/p>\n Sign up to our Manchester property newsletter <\/strong>here<\/strong><\/a><\/strong><\/p>\n Some local areas have seen particularly rapid rent rises over the last three years as rental demand has run well ahead of the growth in supply.<\/p>\n In Greater Manchester, areas like Oldham<\/a>, Wigan<\/a> and Bolton<\/a> have seen rents surge by more than 31 per cent in the last three years as prices soared from a relatively low base.<\/p>\n Rents are the highest in London, with these areas registering the largest monetary increases up to \u00a3400pcm over the last three years, with the biggest rises happening in more affordable areas in outer London such as Ilford in East London.<\/p>\n The postcode areas where rents have gone up most over last three years:<\/p>\n Postcode area<\/strong><\/p>\n Rent \u00a3pcm Mar 25<\/strong><\/p>\n % change 2022-2025<\/strong><\/p>\n \u00a3pcm change 2022-25<\/strong><\/p>\n \u00a3 annual change 2022-25<\/strong><\/p>\n Oldham – OL<\/p>\n \u00a3876<\/p>\n 35%<\/p>\n \u00a3227<\/p>\n \u00a32,724<\/p>\n Wigan – WN<\/p>\n \u00a3800<\/p>\n 32%<\/p>\n \u00a3194<\/p>\n \u00a32,328<\/p>\n Bolton – BL<\/p>\n \u00a3884<\/p>\n 31%<\/p>\n \u00a3211<\/p>\n \u00a32,532<\/p>\n Falkirk – FK<\/p>\n \u00a3881<\/p>\n 31%<\/p>\n \u00a3207<\/p>\n \u00a32,484<\/p>\n Walsall -WS<\/p>\n \u00a3893<\/p>\n 30%<\/p>\n \u00a3206<\/p>\n \u00a32,472<\/p>\n Wolverhampton -WV<\/p>\n \u00a3911<\/p>\n 30%<\/p>\n \u00a3209<\/p>\n \u00a32,508<\/p>\n Paisley – PA<\/p>\n \u00a3763<\/p>\n 29%<\/p>\n \u00a3170<\/p>\n \u00a32,040<\/p>\n Tweeddale – TD<\/p>\n \u00a3635<\/p>\n 29%<\/p>\n \u00a3143<\/p>\n \u00a31,716<\/p>\n Dudley – DY<\/p>\n \u00a3878<\/p>\n 28%<\/p>\n \u00a3190<\/p>\n \u00a32,280<\/p>\n Ilford – IG<\/p>\n \u00a31,794<\/p>\n 28%<\/p>\n \u00a3395<\/p>\n \u00a34,740<\/p>\n Kirkcaldy – KY<\/p>\n \u00a3717<\/p>\n 28%<\/p>\n \u00a3156<\/p>\n \u00a31,872<\/p>\n Romford – RM<\/p>\n \u00a31,611<\/p>\n 28%<\/p>\n \u00a3356<\/p>\n \u00a34,272<\/p>\n Carlisle – CA<\/p>\n \u00a3664<\/p>\n 27%<\/p>\n \u00a3140<\/p>\n \u00a31,680<\/p>\n Edinburgh – EH<\/p>\n \u00a31,166<\/p>\n 27%<\/p>\n \u00a3248<\/p>\n \u00a32,976<\/p>\n Luton – LU<\/p>\n \u00a31,208<\/p>\n 27%<\/p>\n \u00a3258<\/p>\n \u00a33,096<\/p>\n Blackburn – BB<\/p>\n \u00a3688<\/p>\n 26%<\/p>\n \u00a3141<\/p>\n \u00a31,692<\/p>\n Manchester – M<\/p>\n \u00a31,176<\/p>\n 26%<\/p>\n \u00a3239<\/p>\n \u00a32,868<\/p>\n Medway – ME<\/p>\n \u00a31,239<\/p>\n 26%<\/p>\n \u00a3254<\/p>\n \u00a33,048<\/p>\n Motherwell – ML<\/p>\n \u00a3721<\/p>\n 26%<\/p>\n \u00a3148<\/p>\n \u00a31,776<\/p>\n Newcastle – NE<\/p>\n \u00a3853<\/p>\n 26%<\/p>\n \u00a3177<\/p>\n \u00a32,124<\/p>\n Slough – SL<\/p>\n \u00a31,599<\/p>\n 26%<\/p>\n \u00a3326<\/p>\n \u00a33,912<\/p>\n Source: Zoopla Rental Index 2025<\/p>\n The rise in the costs of renting since 2022 is down to a surge in rental demand in the wake of the pandemic, says Zoopla.<\/p>\n Mortgage rates spiked higher over 2022 and 2023 making it harder to buy homes, with many first-time buyers remaining in the rental market for longer, further boosting demand while also suppressing supply, pushing rents higher.<\/p>\n Robust growth in average earnings over the last three years has supported the faster growth in average rents however private renters on lower incomes and those relying on state support have faced a greater squeeze on living costs from higher housing costs.<\/p>\n However, rental inflation for new lets is now running at its lowest rate for four years as rental demand has weakened off a high base due to lower levels of migration for work and study and improvements in mortgage market conditions for first time buyers.<\/p>\n One advantage for mortgagees over renters is that their monthly repayments go towards covering both interest costs and the repayment of the loan which reduces slowly over time.<\/p>\n A tougher path to home ownership for renters looking to buy ensures continued strong demand for rented homes in a market, where the stock of homes has remained static for almost a decade due to low investment by landlords.<\/p>\n A continued supply\/demand imbalance is therefore keeping a steady upward pressure on rents.<\/p>\n Richard Donnell, Executive Director at Zoopla comments: \u201cA shift to higher mortgage rates raised alarm over how mortgagees would be able to afford higher repayments over the last three years.<\/p>\n “The sales market has been resilient thanks to mortgage regulations that ensured borrowers could afford higher mortgage rates. Renters have faced similarly steep increases in the cost of renting in recent years with rents pushed higher on string demand and limited supply of homes for rent which has hit lower income renters hardest.<\/p>\n \u201cRental inflation for new lets has slowed to its lowest rate for four years which will be welcome news for Britain\u2019s private renters. The quickest way to alleviate high rents is to grow the stock of homes for rent in both the social and private rented sectors.<\/p>\n “Growing housing supply is a key Government target and its vital that the stock of rented homes is expanded across all tenures.\u201d<\/p>\n![](\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/07\/2_GettyImages-2094226588.jpg\")
Bolton is seeing a huge rise in rent costs(Image: Getty Images)<\/p>\n