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  • England and Wales
  • England
  • North East
  • Tyne and Wear
  • Gateshead
  • Newcastle upon Tyne
  • North Tyneside
  • South Tyneside
  • Sunderland

Rental Market of Tyne and Wear

Area selected: Tyne and Wear
  • England and Wales
  • England
  • North East
  • Tyne and Wear
  • Gateshead
  • Newcastle upon Tyne
  • North Tyneside
  • South Tyneside
  • Sunderland
Home
Average rent
£678

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Stats Chart
Rent growth
2.4%

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Business
Most popular type
2 bed (52.8%)

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Average Rent
Rent Growth
Area type
Metropolitan County
Population
1,125,695
Area size
540km2
Room average rent
£410
Studio average rent
£469
1 bed average rent
£534
2 bed average rent
£603
3 bed average rent
£713
4+ bed average rent
£1,437

How much is rent in Tyne and Wear?

The average rent in Tyne and Wear is £678 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 Tyne and Wear grew by £16. Compare average rent by area.

Tyne and Wear's average rent of £678 is £268 lower than the £946 average rent in England. Tyne and Wear is the 6th most expensive metropolitan county (of 8 total) based on average rent price.

The average rent growth rate in Tyne and Wear between the years ending September 2021 and September 2022 was 2.4%. If rents continue to grow at this rate, average rents will reach £746 by 2025.

The average cost of rent in Tyne and Wear varies depending on property type, prices start at £410 for a single room and rise to £1,437 for a house with four or more bedrooms.

Rental data for Tyne and Wear 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.

Tyne and Wear 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 Tyne and Wear is £475, increasing to £695 for the upper quartile rent.

Types of rental property in Tyne and Wear

Based on the 8,530 properties surveyed, the most common type of rental property within Tyne and Wear is 2 beds, which account for 52.8% 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 Studios, which account for 1.1% of properties. In England, the least common type of property is Studio flats, which account for 2.2% of the rental market stock.

  • Room: 260 rental properties or 3.0%
  • Studio: 90 rental properties or 1.1%
  • 1 bed: 980 rental properties or 11.5%
  • 2 bed: 4,500 rental properties or 52.8%
  • 3 bed: 2,040 rental properties or 23.9%
  • 4+ bed: 650 rental properties or 7.6%
Home
Average property price
£180,388

Tyne and Wear House Prices Arrow Forward

Pie Chart
GDP
£ 30 billion

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Cash
Average salary
£34,231

Tyne and Wear Salary Arrow Forward

Cheapest areas to rent in Tyne and Wear

The cheapest rents in Tyne and Wear are found in South Tyneside, where the average cost of rent is £534. In the past year, rents have changed by 6.0% in South Tyneside (compared to 2.4% in Tyne and Wear)

Rank
Area
Average Rent
YoY change in average Rent
1 South Tyneside
Metropolitan District
£534 6.0%
2 Sunderland
Metropolitan District
£553 1.5%
3 Gateshead
Metropolitan District
£583 4.3%
4 North Tyneside
Metropolitan District
£621 4.4%
5 Newcastle upon Tyne
Metropolitan District
£867 0.7%
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Most expensive area to rent in Tyne and Wear

The most expensive rents in Tyne and Wear are found in Newcastle upon Tyne, where the average cost of rent is £867. In the past year, rents have changed by 0.7% in Newcastle upon Tyne (compared to 2.4% in Tyne and Wear)

Rank
Area
Average Rent
YoY CHANGE in AVERAGE Rent
1 Newcastle upon Tyne
Metropolitan District
£867 0.7%
2 North Tyneside
Metropolitan District
£621 4.4%
3 Gateshead
Metropolitan District
£583 4.3%
4 Sunderland
Metropolitan District
£553 1.5%
5 South Tyneside
Metropolitan District
£534 6.0%
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Discover more

Areas near Tyne and Wear

Local Authority
Stockton-on-Tees
average rent £579
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Local Authority
Northumberland
average rent £535
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Local Authority
Darlington
average rent £501
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Local Authority
Middlesbrough
average rent £492
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Local Authority
Redcar and Cleveland
average rent £505
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Local Authority
Hartlepool
average rent £494
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Areas in Tyne and Wear

District
Gateshead
average rent £559
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District
North Tyneside
average rent £595
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District
Sunderland
average rent £545
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District
South Tyneside
average rent £504
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District
Newcastle upon Tyne
average rent £861
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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

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