New data has revealed how much rents are increasing by across the North East as families continue to struggle with the cost of living.

Renters in the North East are seeing an increase of 7.6% to their bills, with the average rent now costing £599 per month.

Middlesbrough saw the biggest increase in the region with average bills going up faster than inflation, by 10.7%, according to the analysis from Zoopla.

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Those renting in Newcastle (9.4%) and Redcar and Cleveland (9.2%) saw the next biggest increases.

However, the figures show rents in the North East are still lower than the national average, with bills increasing by 12.3% across the UK, equivalent to £115 per month.

And in London bills went up by a massive 17.8% year-on-year.

Richard Donnell, Executive Director at Zoopla, explained: “The rental market has been suffering from a lack of new investment since tax changes and increased regulation introduced from 2016.

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“This has seen the rental market stop growing with new investment offset by landlords exiting the market. At the same time demand has been rising as the economy reopens after the pandemic and now higher borrowing costs are adding to demand for rented homes.

“Rents are rising at 12% and starting to slow. Rental growth is fastest in large cities across the north of England where local economies have been adding jobs and boosting demand.”

Use our interactive map to see how much rents are increasing in your part of the North East.

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