Debt Advisory Centre research shows that 1.5m adults in the UK had to borrow money to pay their mortgage or rent in the last month alone.
The age group most-affected is between 25-34 where 7 per cent of this demographic having to borrow to cover their accommodation costs.
Geographically, residents in London are most likely to have borrowed money for this purpose, with 7 per cent of Londoners saying they had to take such action.
Debt Advisory Centre director of communications Ian Williams says: “Although there are signs of recovery in the economy, this is a timely reminder that many people are still left struggling to get by from month to month.
“Most of us need to borrow from time to time but if you find yourself borrowing money to cover essential costs then that could be a sign of a serious problem.”