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UK rents increase to £824 per month

UK rents increase to £824 per month

The average cost of renting a home in the UK increased by 0.8% during March to £824 per month. This is 6.5% higher than last year - and the largest annual increase since March 2011.

Other headlines from the March 2014 HomeLet Rental Index show:

  • Although Greater London saw a 0.2% monthly decrease in average rents, the average cost of renting a home in the capital is 7.3% higher than the same time last year
  • Only four of the UK's regions saw monthly increases in average rental amounts
  • The average amount a tenant earns in the UK increased by 6.2% during the past 12 months to £29,000
  • The North East's monthly and annual decreases of 2% and 16.6% respectively to £492 per month, means average rental amounts are at their lowest since January 2010 
  • Wales and the West Midlands were home to three consecutive monthly decreases in average rental amounts to £580 and £592 per month respectively. Both amounts are also the lowest since October 2013  

You can view a summary of this month's report – which focuses on quarterly rental amounts within the boroughs of Greater London - by visiting the HomeLet Rental Index pages of our website.

Here you'll also see the report got a brand new look. It's been redesigned as part of our new website and logo launch - we hope you agree...it looks great!

The HomeLet Rental Index is a fantastic tool for you - and an interesting read for your landlords and tenants. We reference more tenants than any other provider, so the data is not only up-to-date, but also extremely comprehensive and robust.

It's now also one of the most highly regarded reports on the private rented sector – with this month's HomeLet Rental Index already featuring on BBC Breakfast and BBC London as part of reports on the UK's rental market.




April 2020 News

A tenancy mediation service has been launched today that aims to help landlords, letting agents and tenants sort out problems more cheaply and speedily than going through the courts. Property Redress Scheme has launched PRS Mediation earlier than planned to support landlords and tenants struggling with the impact of the pandemic. It says the Government is



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