Cost of Living in Manchester 2023
- 18 February 2023
Manchester is a vibrant and dynamic city with a rich cultural heritage, excellent transportation links, and plenty of opportunities for work and play. If you’re looking to rent in Manchester city, it can be challenging to know where to start your search.
With so many different areas to choose from, it can be overwhelming to know which one is right for you.
To help you out, we’ve put together a guide to the best areas to rent in Manchester. Whether you’re a student, young professional, or family, there’s something for everyone in this diverse and exciting city.
Manchester is a highly desirable destination for renters, boasting an abundance of amenities, attractions, and opportunities.
Here are some top reasons to rent in this stunning city: Immerse yourself in its unique culture – steeped in history and progressive values – with world-class museums, theatres, and galleries alongside countless events & festivals throughout the year!
Boasting a dynamic economy with plentiful employment opportunities in finance, media, and technology fields, Manchester is an ideal destination for students and professors alike.
With two major train stations, a sizable airport hub as well as comprehensive public transportation networks that keep it connected to other parts of the UK and beyond—Manchester’s accessibilities are simply second to none!
Manchester offers a low cost of living when compared to other cities in the UK. Rent and property prices are lower, making it an ideal place for anyone looking to save money without sacrificing on leisure activities or entertainment options.
The city embraces diversity and inclusivity, openly inviting people from all walks of life. Its LGBTQ+ community is rich with opportunities for connection, while its religious and cultural groups are seen as integral parts of the fabric that makes up this tolerant metropolis.
Here you can find acceptance no matter who you are; it’s what gives Manchester city its vibrant spirit!
Overall, Manchester is an attractive destination for renters who want to live in a dynamic, diverse, and affordable city with plenty of opportunities for work, leisure, and entertainment.
The Northern Quarter in Manchester not only draws young professionals, but families too. From grand Victorian terraced houses to roomy and stunning apartments, this charming suburb offers a wide selection of 2-3 bedroom residences at competitive prices – no wonder it’s so desired.
This hip and lively area is known for its bustling nightlife, growing food scene, independent shops, art galleries, live music venues and vibrant atmosphere!
Whether you’re looking to relax in one of the local parks or explore the artsy streets – the Northern Quarter is one of the best areas to rent in Manchester.
Sale, a suburb 8 miles south of Manchester city centre, is one of the best areas to live on a budget. Here you can find plenty of affordable housing options, whether it’s a two or three-bedroom house or an apartment.
This quiet and family-friendly area provides its residents with plenty of parks and green spaces to enjoy, as well as easy access to Manchester city centre via the Metrolink. Sale is also ideal for commuters due to its proximity to the M60 motorway and excellent local transport links.
Chorlton-Cum-Hardy is a popular suburb of Manchester for young professionals, couples, and families alike.
This vibrant area has a great array of amenities and leisure activities to offer its residents, such as award-winning restaurants, lively pubs, independent shops and an abundance of green space.
Housing in Chorlton-Cum-Hardy ranges from stylish and spacious apartments to smaller terraced houses and everything in between.
If you’re looking for a neighbourhood that’s close to the city centre but still has its own identity and atmosphere, then this is the perfect place for you.
From high-rise apartments with stunning views of the skyline to beautiful Victorian detached houses
– Manchester City Centre has something for everyone! The hustle and bustle of the city centre offers plenty of cultural attractions, exciting shops and restaurants, as well as easy access to transport links.
For those who want to be close to all the action while avoiding sky-high prices – there are still some affordable options available. Whether you’re looking for a one bedroom apartment or a house, the city centre offers plenty of options for those who don’t mind living in a busy and vibrant area.
This up and coming area is bursting with new developments, making it a great option for anyone looking to be close to Manchester city centre without the high price tags.
Castlefield is surrounded by old warehouses which have been transformed into trendy apartments complexes and modern housing.
The area also offers plenty of green spaces perfect for those warm summer days. Castlefield is also well-connected to the city centre via the Metrolink and a number of bus routes – making it ideal for commuters looking for an affordable yet convenient living space in Manchester.
Rusholme is one of the best buy-to-let areas in Manchester due to its consistently high rental yield. This bustling suburb offers a variety of housing options, from spacious family homes to modern apartments and everything in between – making it attractive to both young professionals and families alike.
The area has plenty of amenities such as shops, supermarkets, pubs and restaurants to keep its residents entertained.
Rusholme is also well-connected to the city centre via bus routes and the Metrolink. With relatively low prices for both buying and renting homes, this suburb is a great option for property investors looking to get into the market.
Salford Quays is one of the most sought-after areas in Manchester for buy-to-let investments. Its waterfront location, modern housing and close proximity to the city centre make it a popular choice amongst investors and tenants alike.
The area is home to many businesses, leisure activities and attractions. It also has excellent public transport links, meaning tenants can easily get to and from the city centre.
With high rental yields and relatively low property prices, Salford Quays is an ideal buy-to-let area for those looking to invest in Manchester.
Levenshulme is a rapidly growing area of Manchester, offering investors high rental yields with relatively low purchasing costs. The area has seen significant investment in recent years, leading to an explosion of new developments and businesses.
The suburb also offers plenty of amenities such as supermarkets, pubs, and restaurants – making it ideal for tenants looking for convenience.
With its excellent transport links to the city centre and beyond, Levenshulme is an ideal buy-to-let area for both investors and tenants alike.
These are just some of the best areas to rent in Manchester. From modern apartments in the city centre to stylish family homes in the suburbs – there’s something to suit every budget and lifestyle.
With high rental yields and relatively low prices, Manchester is a great place for those looking to make property investment.
The Millennium Quarter, despite its grandiose name, remains a lesser-known part of Manchester; nevertheless, it is a promising area that deserves recognition.
After the IRA bombings in 1996, the quarter underwent extensive redesign and refurbishment, leading to its rapid growth as a residential property market in the city.
With its proximity to the city center and easy access to Piccadilly and Victoria Stations, it has become a popular location for commuters and young professionals. Additionally, its vibrant restaurant, pub, and gym scenes contribute to its appeal.
For those on a tight budget, there are affordable rental options, with one bed apartment starting at around £600pcm.
Castlefield is fast becoming one of the most sought-after areas in Manchester. With its picturesque canal setting, many restaurants and pubs and its close proximity to the city centre – it’s no wonder why so many people flock to this area for their rental needs.
The area is well connected via the Metrolink, making it easy to get around. It also offers plenty of green spaces and leisure activities such as walking and cycling – ideal for those looking to enjoy the great outdoors.
Rental prices in Castlefield are slightly higher than other areas in Manchester, but still represent good value for money. With luxury apartments available from around £1000 to £1300 pcm.
Piccadilly Gardens is the heart of Manchester City Centre – and a great place to rent for those looking to be within walking distance of all the action. The area offers plenty of amenities such as supermarkets, shops, bars and restaurants, making it a convenient choice for tenants.
The Metrolink also runs directly through Piccadilly Gardens, making it easy to get around and access other areas of the city. Rental prices in the area are relatively affordable, with one bed apartments starting from around £750pcm.
Overall, Piccadilly Gardens is an ideal choice for those looking to be right in the centre of Manchester City’s hustle and bustle.
Wythenshawe is an up-and-coming area of Manchester, located just south of the city centre. The area is well connected via public transport, with plenty of bus and tram services running through the suburb.
It also offers a range of amenities such as supermarkets, health centers, parks and leisure facilities – making it ideal for those looking for convenience.
Rental prices in Wythenshawe are relatively affordable, with one bed apartments starting from as low as £500 pcm. With its excellent transport links and low rental prices, it’s easy to see why this area is becoming increasingly popular amongst tenants.
Levenshulme is a vibrant area of south Manchester that has seen significant investment in recent years. With its major regeneration project and ongoing gentrification, the area is quickly becoming more desirable for both investors and tenants alike.
It offers a range of amenities such as supermarkets, health centers and leisure facilities – making it an ideal choice for those looking for convenience.
The area has excellent transport links, with several bus and tram services running through the suburb. Rental prices in Levenshulme are relatively affordable – one bed apartments starting from £650pcm.
Overall, this is a great choice for those looking to be close enough to the city centre but far away from the hustle of Manchester City Centre.
Droylsden is an up-and-coming area of Manchester located just east of the city centre. The suburb has seen significant investment in recent years, with its major regeneration project and ongoing gentrification making it increasingly desirable for tenants.
It offers a range of amenities including supermarkets, health centers, and leisure facilities – making it ideal for those looking for convenience.
The area is well connected via public transport, with several bus and tram services running through the suburb. Rental prices in Droylsden are relatively affordable – one bed apartments starting from as low as £550pcm.
With its excellent transport links and low rental prices, it’s easy to see why this area is becoming increasingly popular amongst tenants.
Overall, Droylsden is an ideal choice for those looking to rent in the Manchester area on a budget. It offers all the convenience of living close to the city centre but at a fraction of the cost.
With its major redevelopment project and ongoing gentrification, it’s set to become even more desirable in the years to come.
Wigan is located just 20 miles out of Manchester city centre, making it a great choice for those looking for affordability and convenience. The area offers plenty of amenities such as supermarkets, health centers, parks and leisure facilities – making it ideal for those looking for convenience.
The area has excellent transport links with several bus and tram services running through the suburb. Rental prices in Wigan are relatively affordable – one bed apartments starting from as low as £400 pcm.
Overall, Wigan is a great choice for those looking to rent further out of Manchester city centre without compromising on amenities and transport links. With its affordability and convenience, it’s well worth considering if you’re looking for a budget-friendly place to rent in Manchester.
The average house price in Manchester is £286,018 (according to Rightmove). The average house prices can vary depending on the exact area of the city you are looking to buy in, but generally the prices are pretty reasonable for an inner-city location.
Although there is no shortage of luxury apartments and townhouses available, many investors tend to focus on more affordable properties such as one and two-bed flats – which often offer great returns.
The Manchester property market remains strong and is showing no signs of slowing down, making it even more attractive to those looking to invest. With some areas offering rental property yields of up to 10% – there’s never been a better time to invest in the Manchester property market!
Radcliffe, formerly the epicenter of Northern industrial growth, has been completely revitalized from its original paper-mill landscape. Beautiful Victorian terrace homes and new developments are now available for great prices; making it an attractive option for younger families as well as savvy property investors.
With monthly rent for a four-bedroom property typically under £997, it’s no wonder estate agents in Radcliffe are seeing an influx of interest.
The average property prices here came to £183,817 over the last year – definitely making this area one worth investing in.
The average rental yield in Manchester is around 5-6%. This is slightly higher than the UK average, meaning that investors can expect to make good returns on their property investment.
Unsurprisingly, the highest yields are found in suburban areas such as Levenshulme and Radcliffe – while city centre locations tend to attract higher purchase prices but lower yields.
In Northern Manchester, yields can be as high as 8-10% – making this an ideal area for investors looking to maximize their profits.
Overall, the Manchester property market is thriving and offers great returns on investment for those willing to take a chance. With more residential developments springing up in the town centre and northwest, there are plenty of locations to invest in.
The cost of living in Manchester can vary depending on factors such as location, lifestyle and accommodation choices. In general, Manchester is considered to be an affordable city to live in compared to other major UK cities such as London.
However, as with any city, there are areas that can be more expensive than others. The cost of accommodation is one of the main expenses, but there are many options available to suit different budgets.
Other expenses such as transport, food, and entertainment can also vary in cost depending on individual preferences.
Overall, Manchester is a great city to live in and offers a variety of options for people looking to find the right balance between cost and quality of life.
With many areas offering excellent rental yields and house prices that are often lower than in other cities – there’s never been a better time to make the move to Manchester!
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