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North Lanarkshire cheapest place to rent in Scotland according to new study

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dailyrecord.co.uk

Rent on its own isn't cheap, and renting during a cost of living crisis can feel incredibly tricky - especially if you are trying to save for a deposit.

Lots of renters are trying to get on the property ladder, with recent research from the Bank of Scotland finding that Scottish homeowners are over £2,000 better off annually than those who rent.

That might leave some looking to move out of pricy hotspots for areas which are more affordable. And to find out the spots that may provide a more affordable option, experts at Alan Boswell Landlord Building Insurance analysed available date from across Scotland.

The Lanarkshire Live app is available to download now. Get all the news from your area – as well as features, entertainment, sport and the latest on Lanarkshire’s recovery from the coronavirus pandemic – straight to your fingertips, 24/7.The free download features the latest breaking news and exclusive stories, and allows you to customise your page to the sections that matter most to you.Head to the App Store and never miss a beat in Lanarkshire - iOS - Android After investigation prices and areas, the team named North Lanarkshire as the most affordable place to rent, while Argyll and Bute was found to be the most expensive.They based the study off of the per cent of income that goes into your rent, and North Lanarkshire had a median weekly income of £555.90 and a median weekly rent of £126.92.

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