1 in 10 private sector tenants struggling to pay rent

One in ten people living in private rented housing are finding it hard to pay their rent. 

Research by Pegasus Insight has revealed that 8% of tenants find their monthly payments “barely manageable” - and a further 2% say their rent is “unaffordable”. 

Meanwhile, 33% of tenants said their rent stretches their budget.  

When you look at how much rents have risen recently, the findings are perhaps no surprise. 

Half of the tenants polled said they’ve seen their rents go up in the last year - and the average increase works out to an extra £100 a month. 

As a result, many have been forced to make tough decisions elsewhere. 

For example, 40% of rents said financial pressures have forced them to choose between paying their rent and other essential expenses over the last year. 

This was particularly common among younger tenants – people aged between 18 and 34 – unemployed people and those who work in more than one job. 

If you're one of those people having trouble paying rent, there are practical steps you can take. 

Talk to your landlord 

Simply being open and honest could ease the pressure straight away, as many landlords will be happy to work out payment plans if you've hit a rough patch. 

Trim your budget 

Look for non-essential expenses to cut until you're caught up.  

Do you really need that takeaway coffee every day? Could you cancel a subscription that you rarely use?  

Little savings here and there could make a big difference and help you get back on track. 

Look for financial help 

If you're still struggling, there are several government schemes that might be able to help. 

Housing benefit or universal credit, for instance, could help you cover your rent if your income is low or you're out of work.  

Depending on your circumstances, you may also qualify for discretionary housing payments (DHP), which provide extra support for people facing a shortfall between their housing costs and what their benefits cover.  

Local councils often administer these funds, so it's worth contacting them to see if you’re eligible. 

There are also council tax reduction schemes worth looking at to help you lower your overall housing costs. 

Boost your income 

Taking on a side hustle, even for a short time, can provide a much-needed financial cushion. 

Whether it's freelancing, selling unwanted items online, or picking up a part-time gig, the extra income can help you manage rent payments, while easing financial stress.  

Plus, this added cash flow might give you more flexibility with your budget in the long run. 

The key is to be proactive.  

Falling behind on rent can lead to eviction, so address the issue head-on.  

With some openness, transparency and strategic thinking, it’s possible to get yourself back on track with your monthly payments.