Rental Market of Preston

Area selected: Preston

Preston

Average rent

£564

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Rent growth

1.3%

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How much is rent in Preston?

The average rent in Preston is £564 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 Preston grew by £7. Compare average rent by area.

Preston's average rent of £564 is £334 lower than the £898 average rent in England. Preston is the 172nd most expensive non-metropolitan district (of 181 total) based on average rent price.

The average rent growth rate in Preston between the years ending September 2020 and September 2021 was 1.3%. If rents continue to grow at this rate, average rents will reach £593 by 2025.

The average cost of rent in Preston varies depending on property type, prices start at £344 for a single room and rise to £999 for a house with four or more bedrooms.

Rental data for Preston 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.

Preston 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 Preston is £495, increasing to £600 for the upper quartile rent.

Types of rental property in Preston

Based on the 1,460 properties surveyed, the most common type of rental property within Preston is 2 beds, which account for 42.5% 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 1.4% of properties. In England, the least common type of property is Studio flats, which account for 2.5% of the rental market stock.