Barnet (Parliament Politics Magazine) – New figures reveal private rents in Barnet have become less affordable over the past year, adding pressure to tenants amid rising housing costs.
Renters in England and Wales are “facing the most backbreaking costs,” according to the campaign organization Generation Rent, which called on the government to step in.
According to data from the Office for National Statistics, in 2023–2024, private renters in Barnet earning a median salary might anticipate spending 44% of their income on the average cost of a rental property in the area.
This was lower than the 50% in 2015–16, when records started, but higher than the 39% a year before.
Additionally, it was marginally higher than London‘s average of 42%.
Mairi MacRae, director of campaigns and policy at Shelter, said:
“Millions of people are forced to rely on an increasingly unaffordable private rental market, where costs have spiralled out of control.
Across the country, private rents are swallowing up huge proportions of people’s incomes. Many are unable to save for the future, while others are forced to skip meals and cut back on essentials just to keep afloat.
With little preventing landlords hiking the rent, families who can no longer keep up are being pushed into homelessness in grotty and unstable temporary accommodation.”
On average, private renters in England should budget 36% of their income for rent.
If a household renting privately would pay no more than 30% of their gross income on rent, the location is deemed “affordable.” This indicates that Barnet real estate is deemed unaffordable.
Francesca Albanese from the homelessness charity Crisis said renters are “overburdened with rental costs”.
She added:
“What these statistics don’t show clearly is that the impact falls hardest on people with the lowest incomes.
Research recently showed that just 2.7% of new private lets in England were affordable to people on housing benefit, made worse by the fact housing benefit is currently frozen.
Households on the lowest incomes are having to spend increasingly large proportions of their incomes on rent, often foregoing other essentials – from food to gas and electricity – to make ends meet.
These families are more vulnerable to financial shocks like eviction, and more vulnerable to being forced into homelessness.”
She urged the government to unfreeze housing benefit in the Autumn Budget, and to “deliver on its promise to build thousands of new homes for social rent”.
Ben Twomey, chief executive of Generation Rent, which has campaigned to reform the rental system, said:
“Renters are being crushed under the weight of high, unaffordable rents.
For families up and down the country this means being unable to put money aside for the future, or facing a daily choice between putting food on the table or getting into debt.”
He called for metro mayors to be given “all the powers they need to slam the brakes on rising rents”.
A Ministry of Housing, Communities and Local Government spokesperson said:
“We know the rental market needs to be made fairer and that’s why through our Renters’ Rights Bill we will empower tenants to challenge excessive rent hikes, end unfair bidding wars, and cap advance payments to one month’s rent.
Key to reducing rents is also through boosting supply, which is why through our Plan for Change we will deliver 1.5 million homes, including the biggest increase in social and affordable housebuilding in a generation, backed by £39 billion investment.”
What impact do rising rents have on Barnet household affordability?
Many residents now spend an increasing proportion of their income on rent, with some paying well over 60% to 90% of their gross income, especially in more expensive postcodes like EN4. This financial burden reduces their ability to afford other essential living costs.
The gap between housing benefits (including Local Housing Allowance caps) and actual rent levels is widening, leaving some low-income families facing shortfalls that they cannot cover, leading to arrears or risk of homelessness.
Single parents and households on benefits are particularly vulnerable, with calculations showing proposed rent increases forcing them into unaffordability due to benefit caps around £500 a week.