Rental Market of Hackney

Area selected: Hackney

Hackney

Average rent

£1,733

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Rent growth

-6.8%

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How much is rent in Hackney?

The average rent in Hackney is £1,733 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 Hackney fell by £127. Compare average rent by area.

Hackney's average rent of £1,733 is £835 higher than the £898 average rent in England. Hackney is the 8th most expensive london borough (of 33 total) based on average rent price.

The average rent growth rate in Hackney between the years ending September 2020 and September 2021 was -6.8%. If rents continue to grow at this rate, average rents will fall to £1,306 by 2025.

The average cost of rent in Hackney varies depending on property type, prices start at £641 for a single room and rise to £3,000 for a house with four or more bedrooms.

Rental data for Hackney 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.

Hackney rent price ranges

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 Hackney is £1,500, increasing to £1,935 for the upper quartile rent.

Types of rental property in Hackney

Based on the 1,380 properties surveyed, the most common type of rental property within Hackney is 2 beds, which account for 37.7% 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 Single Rooms, which account for 1.4% of properties. In England, the least common type of property is Studio flats, which account for 2.5% of the rental market stock.