Rental Market of North Lincolnshire

Area selected: North Lincolnshire

North Lincolnshire

Average rent

£520

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Rent growth

1.2%

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How much is rent in North Lincolnshire?

The average rent in North Lincolnshire is £520 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 North Lincolnshire grew by £6. Compare average rent by area.

North Lincolnshire's average rent of £520 is £378 lower than the £898 average rent in England. North Lincolnshire is the 51st most expensive unitary authority (of 59 total) based on average rent price.

The average rent growth rate in North Lincolnshire between the years ending September 2020 and September 2021 was 1.2%. If rents continue to grow at this rate, average rents will reach £545 by 2025.

The average cost of rent in North Lincolnshire varies depending on property type, prices start at £348 for a single room and rise to £785 for a house with four or more bedrooms.

Rental data for North Lincolnshire 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.

North Lincolnshire 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 North Lincolnshire is £450, increasing to £525 for the upper quartile rent.

Types of rental property in North Lincolnshire

Based on the 1,020 properties surveyed, the most common type of rental property within North Lincolnshire is 3 beds, which account for 40.2% 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 4+ beds, which account for 8.8% of properties. In England, the least common type of property is Studio flats, which account for 2.5% of the rental market stock.