The average rent in The East Midlands is £673 according to a survey of properties carried out by HMRC's Valuation Office Agency between September 2020 and September 2021. Between the years ending September 2020 and September 2021, average rents in The East Midlands grew by £31. Compare average rent by area.
The East Midlands's average rent of £673 is £225 lower than the £898 average rent in England. The East Midlands is the 6th most expensive region (of 9 total) based on average rent price.
The average rent growth rate in The East Midlands between the years ending September 2020 and September 2021 was 4.8%. If rents continue to grow at this rate, average rents will reach £813 by 2025.
The average cost of rent in The East Midlands varies depending on property type, prices start at £406 for a single room and rise to £1,140 for a house with four or more bedrooms.
Rental data for The East Midlands is based on a sample that may change over time. Some differences in trends may be due to changes in the sample rather than true changes in the rental market.
Within each property type, rent price can vary depending on variables such as property size and condition of fittings. For example, the lower quartile rent for two bed flats in The East Midlands is £550, increasing to £700 for the upper quartile rent.
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Based on the 38,790 properties surveyed, the most common type of rental property within The East Midlands is 2 beds, which account for 41.4% of properties. In England, the most common type of property is 2 bed flats, which account for 42.1% of the rental market stock.
The least commonly available type of rental property is Studios, which account for 1.7% of properties. In England, the least common type of property is Studio flats, which account for 2.5% of the rental market stock.
The cheapest rents in The East Midlands are found in Derbyshire, where the average cost of rent is £614. In the past year, rents have changed by 1.7% in Derbyshire (compared to 4.8% in The East Midlands)
The most expensive rents in The East Midlands are found in Rutland, where the average cost of rent is £885. In the past year, rents have changed by -3.7% in Rutland (compared to 4.8% in The East Midlands)
Source: Office for National Statistics licensed under the Open Government Licence v.3.0. Contains OS data © Crown copyright and database right 2021. Data sources: ONS Local statistics