The average rent in Lancashire is £604 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 Lancashire grew by £27. Compare average rent by area.
Lancashire's average rent of £604 is £342 lower than the £946 average rent in England. Lancashire is the 23rd most expensive county (of 24 total) based on average rent price.
The average rent growth rate in Lancashire between the years ending September 2021 and September 2022 was 4.7%. If rents continue to grow at this rate, average rents will reach £725 by 2025.
The average cost of rent in Lancashire varies depending on property type, prices start at £389 for a single room and rise to £994 for a house with four or more bedrooms.
Rental data for Lancashire 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 Lancashire is £495, increasing to £625 for the upper quartile rent.
Based on the 10,950 properties surveyed, the most common type of rental property within Lancashire is 2 beds, which account for 47.2% of properties. In England, the most common type of property is 2 bed flats, which account for 38.6% of the rental market stock.
The least commonly available type of rental property is Studios, which account for 0.9% of properties. In England, the least common type of property is Studio flats, which account for 2.2% of the rental market stock.
The cheapest rents in Lancashire are found in Burnley, where the average cost of rent is £488. In the past year, rents have changed by 1.2% in Burnley (compared to 4.7% in Lancashire)
YoY change in average Rent
|1|| Burnley |
|2|| Hyndburn |
|3|| Pendle |
|4|| Preston |
|5|| Rossendale |
The most expensive rents in Lancashire are found in Ribble Valley, where the average cost of rent is £726. In the past year, rents have changed by 3.3% in Ribble Valley (compared to 4.7% in Lancashire)
YoY CHANGE in AVERAGE Rent
|1|| Ribble Valley |
|2|| Fylde |
|3|| Chorley |
|4|| South Ribble |
|5|| West Lancashire |
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