Below is a quick a map of Manchester broken into postcodes, for the average rent you need to consider what part of Manchester you are looking at along with what type of property. This could be a 1,2, 3 or 4 bed, a flat, house, and then it could have a different number of purposes such as residential, student accommodation or a short term let. 

Whether your looking to rent an apartment in Manchester or are researching for investment purposes, it is vital to read the below breakdown of each location to know the rental prices.

The overall Renal Prices in Manchester are as follows...

Flat - £1,665 pcm

House - £1,580 pcm 

The reason flats will rent for more in Manchester is due to the City centre and surrounding areas having a large number of luxury flats for working professionals which offer luxury living and a wide variety of amenities to tenants. For this reason landlords of these properties can charge a premium. 

As an investor it is also handy to know how many beds it is better to have as an asset, this can vary depending on the current market of a location, the saturation of any particular type of apartment and many more factors. 1 example is if you are looking to do a short term let model, with 1 beds you are competing with hotel chains, therefore it may be better to have at least a 2 bed apartment.

1 Bed - £1,225 pcm

2 Bed - £1,342 pcm

3 Bed - £1,738 pcm

4 Bed - £2,475 pcm 

The biggest jump here is from a 3 bed to a 4 bed property, but this will be likely due to the fact that you go from small homes and large flats to family size houses.

Cheapest Area To Rent in Manchester

One of the most affordable location to rent property is M11

Most Expensive area to Rent in Manchester

The most Expensive location to rent in Manchester is M1

Manchester M1 Rental Prices

Flat - £2,375 pcm 

House - £3,975 pcm 

1 Bedroom - £2,131 pcm 

2 Bedroom - £2,000

3 Bedroom - £3,528

4 Bedroom £3,850

The M1 area will be different to most other locations as it is a City Centre. Most of the apartments are 1 bed and studio apartments in large blocks. These will often be rented to working professionals who have a higher than average income and will be premium for a comfortable and convenient residence. You are unlikely to find a house in this location.

Manchester M2 Rental Prices

Flat - £1,770 pcm

House - n/a

1 Bedroom - £1,133 pcm

2 Bedroom - £2,725

Proeprty to Rent in this location are hard to come by. It is a Small area in the City Centre and only really has some Studios, 1 and 2 beds available at any one time. 

Manchester M3 Rental Prices

Flat - £1,934 pcm

House -  £1,625 pcm 

1 Bedroom - £1,204 pcm

2 Bedroom - £1,694 pcm

3 Bedroom - £2,550 pcm

4 Bedroom - n/a

M3 is still a large part of the City Centre and heads into the Salford area of Manchester, this is where a lot more property is available. Houses are still very scarce with 90% or more of the properties available to rent will be apartments. As an investor looking at Manchester this is a key location to look into with 2 bed apartments being the sweet spot. 3 Beds will mostly be large apartments/ corner units and penthouses so come in at a much higher price tag.

Manchester M4 Rental Prices

Flat - £1,913 pcm

House -  £2,075 pcm 

1 Bedroom - £1,526 pcm

2 Bedroom - £1,517 pcm

3 Bedroom - £2,742 pcm

4 Bedroom - £4,218 pcm

M4 or better known as the Ancoats region of Manchester is seeing a lot of recent new developments and investment. Still very much considered the City Centre al-beit the edge of the centre  it is still a location popular for young working professionals willing to pay a little more for luxury and convenience. 3 Beds are probably the most competitive for renters on this location based on this data.

Manchester M5 Rental Prices

Flat - £1,456 pcm

House -  £1,454 pcm 

1 Bedroom - £1,043 pcm

2 Bedroom - £1,339 pcm

3 Bedroom - £1,994 pcm

4 Bedroom - n/a

M5 laying west of the city centre covers large parts of Salford. It is popular among students of Salford University, this means the average rental prices will naturally be a lot lower.  Most available property to rent will be 2 bed apartments.

Manchester M6 Rental Prices

Flat - £911 pcm

House -  £1,128 pcm 

1 Bedroom - £637 pcm

2 Bedroom - £893 pcm

3 Bedroom - £1,368 pcm

4 Bedroom - £1,276 pcm

M6 is still mostly Salford, but houses are the more common type of property available to rent in this location. It is a far cheaper option for those who don't mind a short commute or it is still within the immediate proximity of Media City and Salford University. HMOs and Residential rentals are the most popular properties in M6

Manchester M7 Rental Prices

Flat - £1,670 pcm

House -  £1,487 pcm 

1 Bedroom - £720 pcm

2 Bedroom - £1,218 pcm

3 Bedroom - £1,554 pcm

4 Bedroom - 2,580 pcm

The area is less popular for students than other areas of central Manchester and stretches out north. It is a lot more residential, working class, families and council tenants. Houses are more common but there are still plenty of apartment blocks. Not ideal for short term lets but ideal for long term tenants perhaps wanting a house or something a little large at a better value.

Manchester M8 Rental Prices

Flat - £1,881 pcm

House -  £1,021  pcm 

1 Bedroom - £1,325 pcm

2 Bedroom - £1,454 pcm

3 Bedroom - £1,189 pcm

4 Bedroom - £3,500 pcm

M8 is a similar area to M7 with much of the same demographic and rental prices. Currently there is little to rent in this postcode so the data is limited and relying on just a handful of available properties.

Manchester M11 Rental Prices

Flat - £734 pcm

House -  £1,428  pcm 

1 Bedroom - £551 pcm

2 Bedroom - £1,040 pcm

3 Bedroom - £1,400 pcm

4 Bedroom - £1,432 pcm

M11 is moving into one of the more affordable location in Manchester which isn't too far from the City Centre. Along with M12 it is popular for students and also boast a large ethnic mix. HMOs and houses tend to be the more common properties to rent.

Manchester M12 Rental Prices

Flat - £1,642 pcm

House -  £1,138  pcm 

1 Bedroom - £775 pcm

2 Bedroom - £865 pcm

3 Bedroom - £1,282 pcm

4 Bedroom - n/a

This location is close to the University of Manchester. Largely residential houses.

Manchester M13 Rental Prices

Flat - £2,275 pcm

House -  £1,513  pcm 

1 Bedroom - £1,442 pcm

2 Bedroom - £1,079 pcm

3 Bedroom - £1,350 pcm

4 Bedroom - £3,158 pcm

M13 is home to the University of Manchester. This makes it popular for international students and University Staff. Both of which are willing to pay competitive rents for the convenience of the location. One beds are probably the hardest to secure a rent on due to many of these kind of renters looking to live alone. M13 does include areas further south also popular for cheaper HMO properties for students looking to save money on rent (similar to M12 and M11).

Manchester M15 Rental Prices

Flat - £1,596 pcm

House -  £1,733  pcm 

1 Bedroom - £1,244 pcm

2 Bedroom - £1,444 pcm

3 Bedroom - £2,162 pcm

4 Bedroom - £3,526 pcm

The M15 post code covers a large are to the South of Manchester City Centre. Being such a large area and bordering the City Centre it has a large variety of flats, houses, HMOs and Short term lets.

Manchester M16 Rental Prices

Flat - £1,457 pcm

House -  £1,864  pcm 

1 Bedroom - £1,073 pcm

2 Bedroom - £1,446 pcm

3 Bedroom - £1,940 pcm

4 Bedroom - £1,855 pcm

M16 includes the Old Trafford area of Manchester. 2 bed flats and houses are the most competitive for rental prices based on these current statistics.

Manchester M40 Rental Prices

Flat - £2,090 pcm

House -  £1,153  pcm 

1 Bedroom - £779 pcm

2 Bedroom - £860 pcm

3 Bedroom - £1,557 pcm

4 Bedroom - £2,705 pcm

M40 is mostly houses and covers a large part of North East Manchester. As the location is a little further from the city centre rents are lower and most properties are older houses. It also contains a ;arge industrial area of Manchester.

Manchester M50 Rental Prices

Flat - £1,589 pcm

House -  n/a

1 Bedroom - £1,638 pcm

2 Bedroom - £1,187 pcm

3 Bedroom - £3,309 pcm

4 Bedroom - n/a

Despite its high postal code number M50 is close to the City Centre. Previously it was entirely industrial  with little to no residential properties. However due to a lot of investment it now has a lot of luxury flats, Media City and the University of Salford. This combination makes it hugely popular for students and young working professionals.  The huge rental price for 1 beds will be mostly due to the high number of luxury 1 beds and studios offered to these working young people and international post graduate students living in the area.

Sources:

Rental data https://www.home.co.uk/for_rent