01392 202220   •   Residential Sales: sales@cooksleys.co.uk   •   Residential Lettings: lettings@cooksleys.co.uk   •   Student Lettings: students@cooksleys.co.uk
     
01392 202220   •   Residential Sales: sales@cooksleys.co.uk   •   Residential Lettings: lettings@cooksleys.co.uk   •   Student Lettings: students@cooksleys.co.uk
     
free instant property valuation

Property Search

What is the average rental value in the UK?

For March 2021 the data shows that the average rental price for a new tenancy in the UK was £922 per calendar month (pcm), which is up by 3.4% on last year.

Latest Rental Index data: March 2021

  • The average rent in the UK is now £922, up by 0.8% from last month, and up 3.4% on last year.
  • When London is excluded, the average rent in the UK is now £847 which is up 0.8% on last month and 6.8% on last year.
  • Ten of the Twelve regions showed an increase in annual variance, with the largest, as last month, being the East Midlands at 10.5%.
  • The South West shows the highest yearly increase of 8% between January 2020 and January 2021.
  • Average rents in London are down YOY, showing a 5.2% fall between March 2020 and March 2021; this is the tenth decrease in annual variance in subsequent months.
  • However, the average rental value in London (£1,586) was still 87.2% higher than the rest of the UK excluding London (£847).

Archived blog posts

Property Portals

Redress Scheme:
The Property Ombudsman
Milford House
43-55 Milford Street
Salisbury
Wiltshire SP1 2BP

Membership number N02624-0

Client Money Protection (CMP):
Cheltenham Office Park
Hatherley Lane
Cheltenham
GL51 6SH

Membership number A3527