Sussex city named as one of cheapest in the UK for students looking to rent
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A study by AddLiving compared student rental rates with local averages in cities across the UK has revealed where students are getting the best deal compared to their local communities.
The study is inspired by research that states more then two-and-a-half million students in the UK attend a higher education institution and spend on average £210 - £240 per week on rent.
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Hide AdBrighton University was found to have the fourth-best student accommodation price, at an average rent price of £130, compared to the average private rent costs of £289, saving those staying in student accommodation £8,268 a year.
University of Sunderland accommodation saw students saving £9,568, spending £116 compared to £300 a week in private, putting it on top of the list.
Bath Spa University was in second with similar overall savings as Sunderland, but finished below the Wearside university because of a higher average fee paid a week in its accommodations – £128 compared to Sunderland’s £116.
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Conversely, there are some universities where students are paying much more each year than their local counterparts, with rent in Cumbria and Hull costing more than £1,000 a year more for students.
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Hide AdOlly Roberts, graduate surveyor from AddLiving, said: “As with house prices, the cost of renting is climbing across the UK and this challenge will be the same for students as well as those in the private rented sector.
"University is a costly time for students and many will be looking for the best way to make their loans stretch as far as they can.
“Encouragingly, this data shows that, for the most part, students are still benefiting from low-cost housing in most parts of the UK. This should mean that students aren’t having to compromise too much on quality to live comfortably during their studies.”
Top five universities where students have cheaper rent than the locals in 2023
1) Sunderland
Students Rent Per Week: £116
Average Rent Per Week: £300
Rent Difference: -£184
Savings/Expenses a Year: -£9,568
2) Bath University
Student Rent Per Week: £128
Average Rent Per Week: £312
Rent Difference: -£184
Savings/Expenses a Year: -£9,568
3) Bath Spa
Student Rent Per Week: £139
Average Rent Per Week: £312
Rent Difference: -£173
Savings/Expenses a Year: -£8,996
4) Brighton
Student Rent Per Week: £130
Average Rent Per Week: £289
Rent Difference: -£159
Savings/Expenses a Year: -£8,268
5) Reading
Student Rent Per Week: £125
Average Rent Per Week: £270
Rent Difference: -£145
Savings/Expenses a Year: -£7,540