Rental Market of Nottingham

Area selected: Nottingham

Nottingham

Average rent

£695

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Rent growth

7.6%

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How much is rent in Nottingham?

The average rent in Nottingham is £695 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 Nottingham grew by £49. Compare average rent by area.

Nottingham's average rent of £695 is £203 lower than the £898 average rent in England. Nottingham is the 35th most expensive unitary authority (of 59 total) based on average rent price.

The average rent growth rate in Nottingham between the years ending September 2020 and September 2021 was 7.6%. If rents continue to grow at this rate, average rents will reach £931 by 2025.

The average cost of rent in Nottingham varies depending on property type, prices start at £375 for a single room and rise to £1,348 for a house with four or more bedrooms.

Rental data for Nottingham 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.

Nottingham 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 Nottingham is £575, increasing to £800 for the upper quartile rent.

Types of rental property in Nottingham

Based on the 4,260 properties surveyed, the most common type of rental property within Nottingham is 2 beds, which account for 38.3% 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 3.1% of properties. In England, the least common type of property is Studio flats, which account for 2.5% of the rental market stock.