The average rent in Newark and Sherwood is £629 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 Newark and Sherwood grew by £54. Compare average rent by area.
Newark and Sherwood's average rent of £629 is £269 lower than the £898 average rent in England. Newark and Sherwood is the 144th most expensive non-metropolitan district (of 181 total) based on average rent price.
The average rent growth rate in Newark and Sherwood between the years ending September 2020 and September 2021 was 9.4%. If rents continue to grow at this rate, average rents will reach £901 by 2025.
The average cost of rent in Newark and Sherwood varies depending on property type, prices start at £313 for a studio flat and rise to £1,114 for a house with four or more bedrooms.
Rental data for Newark and Sherwood 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 Newark and Sherwood is £520, increasing to £625 for the upper quartile rent.
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Based on the 650 properties surveyed, the most common type of rental property within Newark and Sherwood is 2 beds, which account for 41.5% 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 1.5% 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