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Average UK Rent Prices Now More Than £1,000 Per Month

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Average UK Rent Prices Now More Than £1,000 Per Month


The average rent for a new letting has jumped by £117 per month since last year, according to a property website.

This has pushed the typical rent to £1,078 per month, Zoopla said.

The website said this equates to 35% of the average income of a single earner – the highest level in more than a decade.

Rents have been rising particularly sharply in cities such as in London, Manchester, Birmingham, Glasgow, Bristol and Sheffield over the past year. These cities are seeing demand exceed supply, being major employment centres with large student populations, Zoopla said.

The report said there has been a modest increase in rental supply in recent weeks, as the house sales market has weakened. The average number of homes for rent per estate agency branch is 10, up from seven at the end of September.

Still, it makes for bleak reading for households who are already struggling with the cost of living – and may be concerning for anybody coming to the end of their current tenancy agreement.





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