Area type
Unitary Authority
Population
136,616
Area size
245km2
1 bed average rent
£409
2 bed average rent
£474
3 bed average rent
£560
4+ bed average rent
£780
View trend
View trend
View breakdown
The average rent in Redcar and Cleveland is £510 according to a survey of properties carried out by HMRC's Valuation Office Agency between September 2021 and September 2022. Between the years ending September 2021 and September 2022, average rents in Redcar and Cleveland grew by £5. Compare average rent by area.
Redcar and Cleveland's average rent of £510 is £436 lower than the £946 average rent in England. Redcar and Cleveland is the 54th most expensive unitary authority (of 59 total) based on average rent price.
The average rent growth rate in Redcar and Cleveland between the years ending September 2021 and September 2022 was 1.0%. If rents continue to grow at this rate, average rents will reach £530 by 2025.
The average cost of rent in Redcar and Cleveland varies depending on property type, prices start at £409 for a one bed flat and rise to £780 for a house with four or more bedrooms.
Rental data for Redcar and Cleveland 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 Redcar and Cleveland is £425, increasing to £525 for the upper quartile rent.
Based on the 700 properties surveyed, the most common type of rental property within Redcar and Cleveland is 2 beds, which account for 41.4% of properties. In England, the most common type of property is 2 bed flats, which account for 38.6% of the rental market stock.
The least commonly available type of rental property is 4+ beds, which account for 4.3% of properties. In England, the least common type of property is Studio flats, which account for 2.2% of the rental market stock.
Redcar and Cleveland House Prices
Redcar and Cleveland Economy
Redcar and Cleveland Salary
Rank | Area | Average Rent | YoY change in average Rent |
|---|
Rank | Area | Average Rent | YoY CHANGE in AVERAGE Rent |
|---|
Source: Office for National Statistics licensed under the Open Government Licence v.3.0. Contains OS data © Crown copyright and database right 2022. Data sources: ONS Local statistics