Hidden costs renters forget and how to cut them

Rental asking prices began to ease slightly at the end of 2025, according to figures from property website Rightmove.

Advertised rents fell between October and December 2025 compared with the previous three months. However, they remained higher than a year earlier.

Across Britain (excluding London), the average monthly asking rent fell by £15 in the final quarter of 2025. Despite this quarterly drop, rents were still 2.2%,  or £29 a month, higher than a year ago.

If you rent, or are about to move into a rented home, it’s important to budget carefully. Rent is often the biggest expense, but it’s not the only one. Several costs are easy to overlook and can quickly add up if you’re not prepared.

Below are some of the most commonly forgotten costs and practical ways to keep them down.

Don’t overlook council tax and insurance

Council tax and contents insurance are often missed when renters work out their monthly budget, yet they can make a significant difference to your overall costs.

The good news is there may be ways to reduce what you pay.

If you live alone, you’re usually entitled to a 25% single-person discount on your council tax bill. Some people on low incomes or receiving certain benefits may also qualify for additional reductions.

Contents insurance that protects your belongings against theft, fire or accidental damage, is another expense that’s easy to forget.

Use comparison websites to shop around and make sure you’re only paying for cover you actually need. Skip unnecessary extras and tailor the policy to suit your circumstances. Spending a little time choosing the right cover can save you money in the long run.

Cut your utility bills

If utilities aren’t included in your rent, there are still plenty of ways to reduce your bills.

Simple changes can help lower energy costs, such as turning the thermostat down slightly, closing curtains to keep heat in, and switching off appliances when they’re not in use.

Running the washing machine or dishwasher only when they’re full can also make a noticeable difference.

We’ve listed 50 ways to reduce energy bills.  

When it comes to water, even if you’re not on a meter, being mindful about hot water use can help reduce energy bills.

You could also save money by reviewing your broadband and phone contracts. Shopping around or switching providers can often lead to cheaper deals, especially if you bundle several services together.

If you’re struggling to pay your bills and can’t change contracts or find a better deal, contact your provider as soon as possible. They may be able to offer support or alternative payment options.

Make sure you’re getting all the benefits you’re entitled to 

If money’s tight, don’t miss out on financial help that could make a real difference. Many renters are eligible for support but don’t realise it. 

If you’re on a low income or claiming certain benefits, you might qualify for universal credit, which may include a housing element to help with rent.  

If you’re not sure what you’re eligible for, use our benefits calculator to quickly check what support you should be getting.  

It’s simple, free and could boost your monthly income.