The average cost of renting a property in Britain has soared to £1,204 a month for the first time on record.
In some places, that amount of money will enable you to rent a four-bedroom detached house, but in others, it may only stretch to a room in a flat share.
The one thing that has remained constant, however, is the rise in average rents, which are up 7.1 per cent on a year ago.
Tenants are now forking out an extra £960 a year in rent compared to this time in 2021, according to Hamptons estate agents.
We take a look at eight homes in Britain that are available to rent for around £1,200 a month – including this studio (pictured) – scroll down for more details
Daniel Copley, of property website Zoopla, said: ‘The rental market is increasingly competitive, and prices have surged.
‘Private landlords selling off their homes due to tax and regulatory changes is putting further pressure on the market and we expect demand to continue to outstrip supply and keep pressure on rents into 2023.
‘There are however signs that the pace of price growth is peaking and set to slow into next year as renters seek smaller, better value for money homes to rent.’
So what does an average amount of rental cash buy tenants looking for a new home around the country?
We take a look at what you can rent for around £1,200 a month in different parts of Britain.
Eight properties to rent for £1,200 a month…
1. Three-bed house, Essex, £1,200 a month
This attractive semi-detached property in Braintree, Essex, is on the rental market for £1,200 a month via Kings Property
Inside, the three-bedroom family home has a brightly coloured kitchen with contrasting worktops and flooring
There is a good sized garden at the rear of the property, while at the front of the house there is some driveway parking
If you’re a tenant looking for a home in Essex, this semi-detached property in Braintree may fit the bill.
It has three bedrooms, a brightly-coloured kitchen and a good sized garden that lends itself to a young family.
It is available to rent unfurnished for £1,200 a month from December via Kings Property lettings agents.
2. Studio, North West London, £1,200 a month
This studio flat is in London’s Golders Green Road and is to rent for £1,200 a month via Hausman & Holmes
The property has a modern shower room with grey tiles and a window that lets plenty of light flood in
Rental prices in London tend to be higher amid high demand and less supply. It means your money is likely to not go as far. This studio flat is currently on the market to rent for £1,200 a month.
It is unfurnished and is on the first floor of a modern block on Golders Green Road in North West London. It is available via Hausman & Homes letting agents.
3. Two-bed bungalow, Dover, £1,200 a month
This two-bedroom bungalow in the Kent village of River, near Dover, is available to rent for £1,200 a month via John Youden and Son lettings agents
The property has a large living space as well as two bedrooms, off-street parking and a spacious conservatory
The property boasts a large decked veranda with spectacular far-reaching views across the garden and beyond
This two-bedroom bungalow in the Kent village of River, near Dover, boasts a large decked veranda with far-reaching views.
It is available immediately and can be rented for £1,200 a month via John Youden and Son lettings agents.
4. Four-bed barn conversion, Tenbury Wells, £1,200 a month
This four-bedroom barn conversion is in the market town of Tenbury Wells, in the north west extremity of the Malvern Hills district of Worcestershire
The main living room has a vaulted ceiling and enough space to accommodate an extensive dining table for entertaining
The unique rental property has its own private patio with views of the countryside, along with use of communally maintained gardens
The Malvern Hills in Worcestershire provides the setting for this pretty four-bedroom barn conversion.
It has a large vaulted living room and is being offered to rent fully furnished for £1,200 a month via G Herbert Banks lettings agents.
5. One-bed flat, Edinburgh, £1,250 a month
This one-bedroom flat in Edinburgh’s New Town is available to rent for £1,250 a month via Lovett lettings agents
The property is being let furnished and is available from the beginning of December with a £1,450 deposit
The spacious flat has a large kitchen with sash windows, wooden flooring and space for a small breakfast table
This one-bedroom flat in Edinburgh’s New Town is available to rent at just above the average rental price in Britain.
It has a large and bright interior, and is available to rent for £1,250 a month via Lovett Edinburgh lettings agents. It is furnished and a parking permit is available.
6. Four-bed house, Liverpool, £1,200 a month
This four-bedroom townhouse in Liverpool’s Cressington is to rent for £1,200 a month via Move Residential
The property is being let unfurnished and boasts a large modern kitchen and a garden as well as a garage
This four-bedroom townhouse on Lowestoft Drive, in the Liverpool area of Cressington, is available to rent for £1,200 a month via Move Residential lettings agents.
As well as its own garden, it also has off road parking and a garage. It is available form the end of this month.
7. Three-bed house, Staffordshire, £1,200 a month
This pretty semi-detached house is in the village of Hints, which is near Tamworth in south east Staffordshire
The family home in Staffordshire has a large cottage-style kitchen as well as a conservatory and three bedrooms
The property has an extensive garden and is available to rent for £1,200 a month via Carter Jonas lettings agents
This pretty semi-detached house is in the village of Hints, near Tamworth in south east Staffordshire.
It has three bedrooms, a conservatory and a large garden, as well as off-street parking. It is available to rent for £1,200 a month via Carter Jonas lettings agents.
8. Two-bed cottage, Looe, Cornwall, £1,200 a month
This rental cottage on the Cornish coastline of Looe is available to rent for £1,200 a month via Stratton Creber lettings agents
The pretty cottage boasts exposed stone walls, as well as window seats and a cosy fireplace in the main living area
There are two bedrooms as well as an outdoor seating area at the front of the property that overlooks the street
This two-bedroom rental cottage on the Cornish coastline of Looe boasts exposed stone walls, window seats and a cosy fireplace.
It is close to a small sandy beach as well as local shops and tea rooms. It is available to rent furnished for £1,200 a month via Stratton Creber lettings agents.