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The average rent in England and Wales is £896 according to a survey of properties carried out by HMRC's Valuation Office Agency between September 2021 and September 2022. Between the years ending September 2021 and September 2022, average rents in England and Wales grew by £44. Compare average rent by area.
The average rent growth rate in England and Wales between the years ending September 2021 and September 2022 was 5.2%. If rents continue to grow at this rate, average rents will reach £1,096 by 2025.
The average cost of rent in England and Wales varies depending on property type, prices start at £449 for a single room and rise to £1,621 for a house with four or more bedrooms.
Rental data for England and Wales 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 England and Wales is £602, increasing to £991 for the upper quartile rent.
Based on the 544,383 properties surveyed, the most common type of rental property within England and Wales is 2 beds, which account for 42.1% of properties.
The least commonly available type of rental property is Studios, which account for 2.0% of properties.
England and Wales House Prices
England and Wales Economy
England and Wales Salary
The cheapest rents in England and Wales are found in Wales, where the average cost of rent is £562. In the past year, rents have changed by 2.9% in Wales (compared to 5.2% in England and Wales)
Rank | Area | Average Rent | YoY change in average Rent |
|---|---|---|---|
| 1 | Wales Country | £562 | 2.9% |
| 2 | England Country | £946 | 5.3% |
The most expensive rents in England and Wales are found in England, where the average cost of rent is £946. In the past year, rents have changed by 5.3% in England (compared to 5.2% in England and Wales)
Rank | Area | Average Rent | YoY CHANGE in AVERAGE Rent |
|---|---|---|---|
| 1 | England Country | £946 | 5.3% |
| 2 | Wales Country | £562 | 2.9% |
Source: Office for National Statistics licensed under the Open Government Licence v.3.0. Contains OS data © Crown copyright and database right 2022. Data sources: ONS Local statistics