Looking for Manchester Apartments to Rent? Here’s What You Need to Know…

Welcome to Manchester: Why renting here is a great option

Renting in Manchester offers a great combination of affordability, convenience, and access to one of the UK’s most vibrant cities.

Manchester is renowned for its rich cultural heritage and bustling arts scene. From world-class museums and galleries to iconic music venues and theatres, there’s always something exciting happening in the city, making it the perfect place to rent.  Despite being a bustling urban centre, Manchester is dotted with numerous parks and green spaces, providing residents with opportunities to connect with nature, relax, and enjoy outdoor activities.

More than 80% of the FTSE 100 companies have a presence in Manchester, ensuring lots of employment opportunities.  Alongside this, Manchester is home to world-class universities and educational institutions.  Despite an additional 4345 homes coming to market in the past 12 months (¹), demand for homes continues to outstrip supply.  Clear evidence of Manchester’s attractiveness to potential renters.

This popularity has seen rental prices increase over the last few years, particularly across the city centre and in the Northern Quarter and Salford Central and Salford Quays communities, which have enjoyed vast development. Despite these increases, Manchester remains more affordable than other major UK cities like London, making it an attractive choice for renters. The impressive amenities the city has to offer alongside great transport links really makes all areas of Manchester accessible for renters.

 

What will it cost to rent a property in Manchester?

Average rental prices in Manchester: (²)

• Studio Apartments: £1053 per calendar month
• One-Bedroom Apartments: £1,234 per calendar month
• Two-Bedroom Apartments: £1,591 per calendar month
• Three-Bedroom Apartments: £2,236 per calendar month

These prices reflect general averages and may vary based on proximity to the city centre, access to amenities, and the specific neighbourhood.

Take a look at Primo’s latest apartments for rent:

 

 

Requirements for Renting a Flat in Manchester

Before renting an apartment in Manchester, landlords and letting agents typically require several documents to verify your identity, income, and rental suitability. These supporting documents include:

• Proof of Identity: UK citizens require a valid passport, driver’s licence, or Birth certificate. Non-UK citizens will have to provide a copy of a valid visa, residence permit or Biometric Residence Permit (BRP). A ‘Right To Rent’ check will be carried out with these documents to verify that you have the legal right to live and rent in the UK.
• Proof of Income: Recent payslips, a letter from your employer, or bank statements/open banking to show you can afford the rent and will be financially self-sufficient throughout the duration of your tenancy. Most landlords request a reference from your current employer to confirm your job status and income.
• Previous Property Reference: Some landlords request a letter from your previous landlord verifying that you were a reliable tenant and paid rent on time.
• Credit Check: Letting Agents and landlords will perform a credit check to ensure you have a good financial history (and are therefore likely to pay rent on time).

 

Deposits, Guarantors, and Other Upfront Costs When Renting an Apartment in Manchester

There are costs other than the standard rental fee that potential tenants should be aware of when renting in Manchester. These include:

• A deposit: here are several options when renting a property.
  • • You may pay a traditional deposit (which you’ll pay to the agent and this will be protected in a Government backed tenancy deposit scheme, such as MyDeposits Custodial Scheme (5 weeks’ rent as per legislation [6 weeks if your rent is over £50,000]), or
    • you may be offered an insurance backed scheme such as Zero Deposits, where you pay for an insurance policy and this offers the landlord 6 weeks’ rent as deposit.
      This flexibility in deposits reduces the financial burden on renters at the move in stage, enabling them to secure a property with 1 month’s rent payment in advance and the cost of the insurance policy. For some renters this is an attractive proposition.
• The requirement for guarantors: If you’re a student, self-employed, or unable to prove a steady income (for example, you’ve just started a new job), you may need a guarantor. A guarantor is someone (often a family member) who agrees to pay the rent if the tenant is unable to do so. Guarantors are subject to the same reference checks as tenants.

 

 

Other Upfront Costs:

• Holding Deposit: A small deposit (usually one week’s rent) to secure the property while references are checked. This is deducted from your first month’s rent if you proceed.

For an overview of what can and can’t be charged for when applying to rent a property, refer to Tenant Fees Act – GOV.UK (www.gov.uk).

 

Making your move to Manchester a SUCCESS

With available rentals being snapped up in desirable locations around Manchester, being organised and having all the relevant information together is extremely important. It will reduce delays and help you stay one step ahead of other tenants applying for your perfect rental property. Where the market is competitive, being organised for rapid action is imperative. Primo Property Management use Goodlord to ensure you are guided through the tenancy application process and your move is as smooth as possible. Take a look here for further information on the process Tenants | Goodlord.

 

Looking for property to rent in Manchester or Salford? 

Primo Property Management has over 10 years’ experience and is registered with Safeagent. To make your move and tenancy as easy and pain free as possible, Primo offers unbeatable customer service and a smooth onboarding process.

 

Next Steps

1. 1. Take a look at our available properties (Rightmove) in Manchester and book a viewing
   2. Once you’ve viewed (and you want to move ahead) make an offer
   3. Primo will liaise with the landlord to secure the property for you
   4. Goodlord will progress your application from Application to signed Contract
   5. Our friendly team will organise your check in and be available ongoing for any issues.
   6. Maintenance can be reported via our Fixflo maintenance reporting system which you can download as an App on your phone (24/7 maintenance cover)
   7. The Propertyfile platform will help you keep track of rent payments, when they are due and any rent payments you have made

 

Ready to make your move to Manchester?

Renting with Primo couldn’t be easier.

Get in touch with the expert team at Primo Property Management today!

 

 

Source: (1) and (2) Urban Bubble Manchester Monitor Monthly, August 2024