When I flew for Aurigny from 2003 to 2005 I managed to find a 1 bedroom brand new apartment to rent for £550 per month back then. It was within walking distance of town and about 15min drive to the airport. It was small but very nice inside.
I was given a license to living in local market property that was valid for 5 years.
Really enjoyed my time there. Nice place to live, great restaurants and beaches but harsh slightly depressing winters!