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The average rent in Nottinghamshire is £672 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 Nottinghamshire grew by £75. Compare average rent by area.
Nottinghamshire's average rent of £672 is £226 lower than the £898 average rent in England. Nottinghamshire is the 20th most expensive county (of 24 total) based on average rent price.
The average rent growth rate in Nottinghamshire between the years ending September 2020 and September 2021 was 12.6%. If rents continue to grow at this rate, average rents will reach £1,079 by 2025.
The average cost of rent in Nottinghamshire varies depending on property type, prices start at £439 for a single room and rise to £1,128 for a house with four or more bedrooms.
Rental data for Nottinghamshire 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 Nottinghamshire is £525, increasing to £675 for the upper quartile rent.
Based on the 6,310 properties surveyed, the most common type of rental property within Nottinghamshire is 2 beds, which account for 43.4% 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.
Nottinghamshire House Prices
Nottinghamshire Economy
Nottinghamshire Salary
The cheapest rents in Nottinghamshire are found in Bassetlaw, where the average cost of rent is £582. In the past year, rents have changed by 4.9% in Bassetlaw (compared to 12.6% in Nottinghamshire)
Rank | Area | Average Rent | YoY change in average Rent |
---|---|---|---|
1 | Bassetlaw Non-metropolitan District | £582 | 4.9% |
2 | Mansfield Non-metropolitan District | £590 | 11.5% |
3 | Ashfield Non-metropolitan District | £590 | 11.1% |
4 | Newark and Sherwood Non-metropolitan District | £629 | 9.4% |
5 | Gedling Non-metropolitan District | £659 | 4.4% |
The most expensive rents in Nottinghamshire are found in Rushcliffe, where the average cost of rent is £810. In the past year, rents have changed by 3.8% in Rushcliffe (compared to 12.6% in Nottinghamshire)
Rank | Area | Average Rent | YoY CHANGE in AVERAGE Rent |
---|---|---|---|
1 | Rushcliffe Non-metropolitan District | £810 | 3.8% |
2 | Broxtowe Non-metropolitan District | £693 | 8.1% |
3 | Gedling Non-metropolitan District | £659 | 4.4% |
4 | Newark and Sherwood Non-metropolitan District | £629 | 9.4% |
5 | Mansfield Non-metropolitan District | £590 | 11.5% |
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