Renting >  How to Save Money When Renting

We all know that buying a house is expensive, but that doesn’t mean renting is necessarily a less financially taxing option.  Especially for those living in cities, such as London or Edinburgh, the cost of renting is forever on the rise.  This, coupled with growing travel expenses and the increasing cost of living, makes a pretty dreary outlook for those firmly planted in ‘Generation Rent’

However this doesn’t mean there are a few handy tips and tricks you can put in place to help make that hefty monthly expense that little bit more manageable. Read on for our favourite rental saving hacks:


Consider a larger house share

Generally speaking, you’ll pay less rent the more people you share with. But remember: the more people you’re sharing your house with, the greater the strain on sharing amenities like bathroom and kitchen space. And the more coins you flip in terms of your flatmates: remember, it only takes one nutjob to ruin an otherwise acceptable house share.


Plan carefully where you’re going to live

Saving money as a renter starts even before you’ve decided where you want to live. When weighing up different places to live, ask yourself what all the additional costs will come to after you’ve moved:


Save money on your move

This one depends how much stuff you’ve got. If you’re travelling light, then it’s normally quite easy to move your things into your new home yourself – or perhaps you can conscript some friends with a car to help you out. But remember: we all have more stuff than we think and there’s a huge amount that can go wrong when it comes to hauling it hither and yon. For this reason, you may be better served choosing a professional mover. 


Making money on the side: car boot sales

As we said, we all have more stuff than we think. And, as a renter, you’re unlikely to have tonnes of space. Which means you can kill two birds with one stone – well, three actually. Get rid of junk, create more space and make a bit of money on the side. Go through your things and try to sell as much as possible. And remember that you’re not limited to just eBay. You now have a plethora of more of less specialist online marketplaces to help you find not just a buyer, but a buyer who will take care of your old things. For books, check out – and for records, head over to


Max out on cheap furniture

Furniture is surprisingly expensive. It’s not unusual for a sofa – which objectively is a squidgy nothingness – to set back its less than proud owner over £1000. But it doesn’t have to be like this in your rental.

If you’re moving into a furnished rental, then there may well be plenty of furniture there already (which belongs to your landlord). You should make the most of this for your own sake. And remember as well that you may be liable for any damage done to landlord property. But often you’ll be missing a bedside table or a lounge chair, and it’s here that you can get creative.

Start by checking with family and friends if they have any leftover furniture they no longer want. Car boot sales on- and offline are another good opportunity to look for more affordable furniture. It’s also worth asking the last tenant if they have any furniture they no longer want. If you don’t fancy used furniture , then see if you can buy season furniture out of season, such as garden furniture in autumn. Or just go for man’s best second best friend (after dogs): the ever-dependable flatpack.


Reduce your bills

When you’re moving to a new home it’s also a great time to try and reduce your monthly costs. Go through all of your monthly costs and see if there is anything that you can cut down on, such as music or film services. Also research gas and electricity providers, as well as telephone and broadband services to see if you can find any cheaper deals than the ones that you are signed up to at the moment.


Energy efficient appliances

Make sure that you buy energy efficient appliances for your new home. So energy-efficient light bulbs are a yes, ambient heaters are a no. While this won’t save you that much per hour, it all adds up – and your long-term savings could be massive. For some more saving ideas, check out our 5 Energy-Saving Tips For Your New Home.


Don’t Lose Your Deposit

When you first move in, your landlord will likely give you a household inventory to check. This is a way to confirm the contents of the house and their conditions. It’s important to ensure that the inventory is accurate, as this avoids you getting blamed for items that were lost or broken before you moved in. It may be an idea to take some pictures of the house when you first move in, for extra evidence.

During your tenancy, be sure to keep your property clean and to look after anything that belongs to your landlord. This way you will get your full deposit back when you come to leave the property.


Cut Down on Takeaways

We all love a good takeaway. And if space in the kitchen comes at a premium, it can be tempting to choose the easy option of a boxed-up pizza in the living room.

However, be warned. Takeaways can be unhealthy for both your body, and your bank account. If you’ve got many people sharing one kitchen space, see if you can’t arrange a rota system the same as what you do with the shower, so that everybody can eat healthily, cost-effectively and on time.