These are the 8 most affordable places to rent in Lancashire in 2024

If you are looking for the cheapest place in Lancashire to rent this year, then look no further than Hyndburn.

By Emma Downey

Published 15th Mar 2024, 15:27 GMT

With increasing rent prices neverending, a new study carried out by personal finance experts Sambla has revealed how much of our salaries are being spent on rent in the north west.

Hyndburn ranks as the most affordable location for a single person to rent a small property in the North West. Data shows that the average monthly rent of a small property in this local authority totals £357. This equates to just 13.4% of a local tenant’s gross monthly salary of £2,662.

Take a look at the top 8 places.

The personal finance experts at Sambla have analysed the cost of renting in every local authority in England from the Office of National Statistics to understand how affordable housing really is.

1. The top 8 most affordable houses to rent in Lancashire

The personal finance experts at Sambla have analysed the cost of renting in every local authority in England from the Office of National Statistics to understand how affordable housing really is. Photo: Google

Hyndburn ranks first on the list as the most affordable location for a single person to rent a small property in the north west. Data shows that the average monthly rent of a small property in this local authority totals £357. This equates to just 13.4 per cent of a local tenant’s gross monthly salary of £2,662.

2. Hyndburn

Hyndburn ranks first on the list as the most affordable location for a single person to rent a small property in the north west. Data shows that the average monthly rent of a small property in this local authority totals £357. This equates to just 13.4 per cent of a local tenant’s gross monthly salary of £2,662. Photo: Google

Fylde was second. Data shows that the average monthly rent of a small property in this local authority totals £439. This equates to just 13.5 per cent of a local tenant’s gross monthly salary of £3,245.

3. Fylde

Fylde was second. Data shows that the average monthly rent of a small property in this local authority totals £439. This equates to just 13.5 per cent of a local tenant’s gross monthly salary of £3,245. Photo: Google

South Ribble ranked third. Data shows that the average monthly rent of a small property in this local authority totals £408. This equates to just 15 per cent of a local tenant’s gross monthly salary of £2,723.

4. South Ribble

South Ribble ranked third. Data shows that the average monthly rent of a small property in this local authority totals £408. This equates to just 15 per cent of a local tenant’s gross monthly salary of £2,723. Photo: Google

In fourth place was Wyre. Data shows that the average monthly rent of a small property in this local authority totals £420. This equates to just 15.3 per cent of a local tenant’s gross monthly salary of £2,744.

5. Wyre

In fourth place was Wyre. Data shows that the average monthly rent of a small property in this local authority totals £420. This equates to just 15.3 per cent of a local tenant’s gross monthly salary of £2,744. Photo: Google

Preston came in at number six after St Helen's (number 5). Data shows that the average monthly rent of a small property in this local authority totals £423. This equates to just 16.5 per cent of a local tenant’s gross monthly salary of £2,569.

6. Preston

Preston came in at number six after St Helen's (number 5). Data shows that the average monthly rent of a small property in this local authority totals £423. This equates to just 16.5 per cent of a local tenant’s gross monthly salary of £2,569. Photo: Google

Lancashire North West