Area type
Metropolitan County
Population
1,146,624
Area size
540km2
Room average rent
£387
Studio average rent
£446
1 bed average rent
£507
2 bed average rent
£578
3 bed average rent
£689
4+ bed average rent
£1,408
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The average rent in Tyne and Wear is £662 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 Tyne and Wear grew by £34. Compare average rent by area.
Tyne and Wear's average rent of £662 is £236 lower than the £898 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 2020 and September 2021 was 5.4%. If rents continue to grow at this rate, average rents will reach £817 by 2025.
The average cost of rent in Tyne and Wear varies depending on property type, prices start at £387 for a single room and rise to £1,408 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.
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 £460, increasing to £650 for the upper quartile rent.
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Based on the 8,810 properties surveyed, the most common type of rental property within Tyne and Wear is 2 beds, which account for 52.6% 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 1.6% of properties. In England, the least common type of property is Studio flats, which account for 2.5% of the rental market stock.
Tyne and Wear House Prices
Tyne and Wear Economy
Tyne and Wear Salary
The cheapest rents in Tyne and Wear are found in South Tyneside, where the average cost of rent is £504. In the past year, rents have changed by 1.8% in South Tyneside (compared to 5.4% in Tyne and Wear)
Rank | Area | Average Rent | YoY change in average Rent |
|---|---|---|---|
| 1 | South Tyneside Metropolitan District | £504 | 1.8% |
| 2 | Sunderland Metropolitan District | £545 | 4.2% |
| 3 | Gateshead Metropolitan District | £559 | 2.8% |
| 4 | North Tyneside Metropolitan District | £595 | 4.2% |
| 5 | Newcastle upon Tyne Metropolitan District | £861 | 9.5% |
The most expensive rents in Tyne and Wear are found in Newcastle upon Tyne, where the average cost of rent is £861. In the past year, rents have changed by 9.5% in Newcastle upon Tyne (compared to 5.4% in Tyne and Wear)
Rank | Area | Average Rent | YoY CHANGE in AVERAGE Rent |
|---|---|---|---|
| 1 | Newcastle upon Tyne Metropolitan District | £861 | 9.5% |
| 2 | North Tyneside Metropolitan District | £595 | 4.2% |
| 3 | Gateshead Metropolitan District | £559 | 2.8% |
| 4 | Sunderland Metropolitan District | £545 | 4.2% |
| 5 | South Tyneside Metropolitan District | £504 | 1.8% |
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