Rents rise across most of England and Wales


Rents have increased across seven regions in England and Wales over the last twelve months as well as in London month-on-month, a new index by Your Move revealed.

The average rent across England and Wales was sitting at £814 in April, 1.3% more than one month ago and 2.8% higher than twelve months ago, the index showed.

Wales was leading the rental price ladder for annual growth with an average rent of £599 a month in May, an increase by 7.1% from one year ago.

England’s East saw prices increase by 4.1%, to £872, over the last year, the South East saw increase of 2.6%, the North West of 2.5%, the East Midlands of 2.2% and Yorkshire and the Humber of 2%.

London’s rental market seems to show a very slow recovery, with prices inching up by 0.2% between April and May to an average of £1,276. These prices are still 1.5% below the average from May 2016 of £1,295.

The South east is the only region outside of London that saw rents fall faster year-on-year with a drop of 2.2% to £663.

When it comes to a monthly comparison, seven regions saw rents increase or keep steady and only Wales, England’s East and the North East experienced a drop between April and May, down 0.5%, 0.4% and 0.1% respectively.

This means the country’s North East is still the cheapest place to rent a property at £544 a month.

Valerie Bannister, lettings director at Your Move, said:

“The majority of England and Wales saw rents increase between Theresa May’s election announcement in April and this survey being conducted in May. Even London, which had seen rents fall in recent months, has returned to growth.”

“Prices in the capital grew on a monthly basis for the first time since November 2016. While landlords have seen yields squeezed in recent times, there are signs this could be stabilising. Returns this month were 4.4%, the same as in April,” she continued.

Highgrove Mews

High Net Yield Freehold Houses

  • Commutable to London (27 mins to central Paddington station)
  • Rental demand extremely strong with large industry presence in Reading
  • Freehold with 4% net yield

£284,955 - £457,000

St Petersgate – Stockport Manchester

New Launch - Stockport Manchester, apartments from £160,000

  • Discounted launch prices from £160,000
  • Excellent transport links with 3 trains per hour to London Euston and only 9 mins journey to Manchester Piccadilly
  • Experienced development team

Assured Rent Housing Association Leases

Assured Rent Housing Association Leases

  • Assured rent & no rental voids
  • Tenant damage cover & newly refurbished inline with requirements of a corporate sitting tenant
  • Free property and lettings management

From £62,000

Emerging Birmingham Commuter Town With Properties From Just £104,000

The emerging Birmingham commuter town where properties are selling in an average of just 24 days

  • A collection of 62 two bedroom apartments and 28 one bedroom apartments.
  • DE14 is one of the fastest selling postcodes in the West Midlands.
  • 23 minute train journey into Birmingham New Street Station.

Properties from £104,000

Mill, Stockport

The Northwest's emerging property hotspot

  • Discounted off-plan 2-bed prices from £162,000
  • Completion date - Q4 2021
  • Rental yields - 6% plus

Discounted off-plan 2-bed prices from £162,000

South Central – Birmingham City Centre Apartments

Highly anticipated 28 storey launch in Birmingham City Centre with an impressive roof garden and communal facilities.

  • 154 units across 28 storeys
  • Residential multi-media community room, gym, roof garden and sky cinema
  • Excellent future connectivity via the metro system to other key transport hubs and locations around the city

from £205,800


Talk to us

Speak to our UK property experts today: 

+44 (0) 333 123 0320

Open from 9am-6pm GMT

+852 9865 4446

Open from 9am-6pm HKT

Stamp Duty Calculator


Unlock members only investment opportunities and full development details. Join now – it’s free, quick and easy.


Not a member? Sign up for free

Rents rise across most of England and Wales

Rents rise across most of England and Wales


By submitting your details via this online form you agree to be contacted via email/phone/SMS by Direct Marketplace Ltd t/a BuyAssociation in relation to property investment and property developments . We do not share your personal details with third parties.  To view our full Privacy Policy click here.