With the cost of living rising, you may be looking to find a new home that you can rent for less.

While most of the cheapest homes available have only a single bedroom, there are still properties on the market that are suitable for a family.

We’ve rounded up the least expensive family homes to rent on the island, all costing less than £1,000 per month.

Castle Street, Douglas - £725 pcm

cheapest iom
The apartment is in the centre of Douglas. (ProSearch Limited)

This second floor apartment is split over two levels and sits in the centre of Douglas on a main shopping street.

Inside, there is a kitchen/diner including a washer/dryer, a lounge, two double bedrooms and a bathroom.

There is also a permit parking area, and the property comes furnished and with water/council rates included.

Hope Street, Castletown - £850 pcm

cheapest IOM
The castle is right on the doorstep. (Arragon Properties)

In central Castletown is this second floor apartment, which is close to the harbour and the castle.

The accommodation is made up of a lounge, a kitchen area, two bedrooms, one en-suite bathroom and a family bathroom.

The property comes with white goods included, and there is off-street parking for the tenants.

Berry Woods Grove, Douglas - £875 pcm

cheapest IOM
The house has been recently renovated. (Deanwood)

This recently renovated house is described as “beautifully presented” and is in the Governor’s Hill area of Douglas.

Inside, there is a large sitting/dining room, a newly fitted kitchen, two double bedrooms, and a family bathroom.

Outside, there is a low-maintenance garden and on-street parking.

Church Road, Onchan - £950 pcm

cheapest IOM
The house is available from the beginning of March. (Quayles Online Estate Agency)

This ground floor apartment is purpose-built and is within walking distance of the village centre.

The accommodation is made up of a lounge, a fitted kitchen with appliances, two double bedrooms and a shower room.

The property looks out over the nearby public gardens, and has access to communal gardens and parking.

St Marks, Braaid - £950 pcm

cheapest IOM
Two-storey cottages are also available. (Quayles Online Estate Agency)

This single storey cottage is part of a barn conversion complex in a “stunning” rural location.

The cottage is made up of an entrance area, an open-plan lounge/kitchen and dining room, two double bedrooms and a bathroom.

There is also a private courtyard, a communal courtyard, and free parking.

*All properties were available at the time of writing.