The average UK monthly rent is now £924 according to Homelet
July 20, 2018
The latest Homelet Rental Index report – June 2018 reveals that average rents across the UK rose by 1.8% in June 2018 when compared to the same month a year previously, the average monthly rent is now £924.
Rents in London increased by 4.7% in June 2018 than in the same month of 2017, the average rent in the capital now stands at £1596 a month according to Homelet. When London is excluded, the average UK rental value was £767 in June 2018, this is 1.3% on last year.
The report states that HomeLet’s June Rental Index reveals that rents rose in 10 out of the 12 regions covered in the research.
Read the Homelet Rental Index report – June 2018 in full click here.
You May Also Enjoy
Competition for rented homes falls to lowest level in six years
More homes for rent and a drop in demand eases the pressure on renters Competition for rental homes falls to six year low with 4.8 enquiries per property Increased supply sees the number of homes available for rent up 11% on last year Meanwhile demand for rental properties falls 14% year-on-year on lower migration and…
Read More 
Mortgage lending now supports 30% of housing stock
Mortgage lending now underpins 30% of England’s housing stock, rising to as high as 42% in the country’s most mortgage-reliant locations. At the same time, many areas of the market have seen a notable increase in the number of homes owned with a mortgage over the last three years, highlighting the continued strength and resilience…
Read More 
Is it worth buying a fixer-upper property?
The latest research from eXp UK reveals that fixer-upper homes can be picked up for an average saving of more than £44,000, but when the cost of renovating the property is accounted for do homebuyers actually stand to make a saving? And what chance do buyers have of finding one on today’s market? Fixer-uppers are…
Read More 
Nottingham letting agents are the busiest in Britain
The latest research from Propoly reveals that across Britain’s major cities, there are an average of 13.5 rental listings for each single letting agency branch, with the nation’s busiest agents found in Nottingham where this figure climbs to 35 properties per professional. Propoly has analysed the estimated number of current rental listings in 21 of…
Read More 
The six protections every new-build buyer must check before signing
With 53% of homebuyers saying they would prefer a new build, demand remains high, but so do the risks if buyers fail to ask the right questions. Buying a new build often means committing to a property that is not yet finished, which makes the small print just as important. Without these protections, buyers risk…
Read More 
Rental price and average salary tracker – February 2026
Regional divergence replaces winter slowdown as rental market shows mixed February movement Month-on-month rental prices showed a mixed picture in February. Notable increases were recorded in the East Midlands (+3.4%), North West (+2.8%), Scotland (+2.7%) and South East (+2.0%), suggesting demand has firmed in several areas. However, Northern Ireland (−6.6%), West Midlands (−1.3%), East of…
Read More