Rental Market of North Tyneside

Area selected: North Tyneside

North Tyneside

Average rent

£595

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Rent growth

4.2%

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How much is rent in North Tyneside?

The average rent in North Tyneside is £595 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 Tyneside grew by £24. Compare average rent by area.

North Tyneside's average rent of £595 is £303 lower than the £898 average rent in England. North Tyneside is the 24th most expensive metropolitan district (of 36 total) based on average rent price.

The average rent growth rate in North Tyneside between the years ending September 2020 and September 2021 was 4.2%. If rents continue to grow at this rate, average rents will reach £702 by 2025.

The average cost of rent in North Tyneside varies depending on property type, prices start at £345 for a studio flat and rise to £999 for a house with four or more bedrooms.

Rental data for North Tyneside 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 Tyneside 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 Tyneside is £450, increasing to £595 for the upper quartile rent.

Types of rental property in North Tyneside

Based on the 1,910 properties surveyed, the most common type of rental property within North Tyneside is 2 beds, which account for 59.7% 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 Studios, which account for 0.5% of properties. In England, the least common type of property is Studio flats, which account for 2.5% of the rental market stock.