The average rent in Milton Keynes is £1,009 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 Milton Keynes grew by £16. Compare average rent by area.
Milton Keynes's average rent of £1,009 is £111 higher than the £898 average rent in England. Milton Keynes is the 8th most expensive unitary authority (of 59 total) based on average rent price.
The average rent growth rate in Milton Keynes between the years ending September 2020 and September 2021 was 1.6%. If rents continue to grow at this rate, average rents will reach £1,076 by 2025.
The average cost of rent in Milton Keynes varies depending on property type, prices start at £467 for a single room and rise to £1,469 for a house with four or more bedrooms.
Rental data for Milton Keynes 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 Milton Keynes is £875, increasing to £1,000 for the upper quartile rent.
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Based on the 2,360 properties surveyed, the most common type of rental property within Milton Keynes is 2 beds, which account for 43.2% 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 0.4% of properties. In England, the least common type of property is Studio flats, which account for 2.5% of the rental market stock.
YoY change in average Rent
YoY CHANGE in AVERAGE Rent
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