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Welsh county is cheapest area to rent

Rhondda Cynon Taff in South Wales is the cheapest place to rent a house in England and Wales, the Deposit Protection Service reveals.

The DPS's Rental Deposit Index published on Monday shows that the average deposit value in Rhondda Cynon Taff was just £326 in December, despite an increase of £5 since the previous value measured in June 2008 (£321).

Sedgefield, County Durham, was the second cheapest area, where the average deposit value in December was £344.

The deposit values assume that an average deposit is one month's rent.

The most expensive rental area is still London, where the average deposit is £1,890, though this figure has dipped slightly in the past six months, from £1,909 in June 2008. However, average deposit values increased the most, by 2.9%, in Richmond-upon-Thames - from £1,390 in June to £1,431 in December.

Meanwhile, the sharpest decline in deposit values was recorded in South Ribble in Lancashire, the third least expensive rental local authority area, which reduced deposits by £24, from £380 in June to £356 in December. Only deposits in Kingston-upon-Hull in Yorkshire and Middlesbrough in the North East remained constant over the same six-month period.

 

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