Rents rise across most of England and Wales

Rents rise across most of England and Wales

Rents have increased across seven regions in England and Wales over the last twelve months as well as in London month-on-month, a new index by Your Move revealed.

The average rent across England and Wales was sitting at £814 in April, 1.3% more than one month ago and 2.8% higher than twelve months ago, the index showed.

Wales was leading the rental price ladder for annual growth with an average rent of £599 a month in May, an increase by 7.1% from one year ago.

England’s East saw prices increase by 4.1%, to £872, over the last year, the South East saw increase of 2.6%, the North West of 2.5%, the East Midlands of 2.2% and Yorkshire and the Humber of 2%.

London’s rental market seems to show a very slow recovery, with prices inching up by 0.2% between April and May to an average of £1,276. These prices are still 1.5% below the average from May 2016 of £1,295.

The South east is the only region outside of London that saw rents fall faster year-on-year with a drop of 2.2% to £663.

When it comes to a monthly comparison, seven regions saw rents increase or keep steady and only Wales, England’s East and the North East experienced a drop between April and May, down 0.5%, 0.4% and 0.1% respectively.

New study locates all 10 buy-to-let hotspots in England’s North

This means the country’s North East is still the cheapest place to rent a property at £544 a month.

Valerie Bannister, lettings director at Your Move, said:

“The majority of England and Wales saw rents increase between Theresa May’s election announcement in April and this survey being conducted in May. Even London, which had seen rents fall in recent months, has returned to growth.”

“Prices in the capital grew on a monthly basis for the first time since November 2016. While landlords have seen yields squeezed in recent times, there are signs this could be stabilising. Returns this month were 4.4%, the same as in April,” she continued.

Self-certified Sophisticated Investor

Please read

I declare that I am a self-certified sophisticated investor for the purposes of the restriction on promotion of non-mainstream pooled investments. I understand that this means:

I am a self-certified sophisticated investor because at least one of the following applies:

I accept that the investments to which the promotions will relate may expose me to a significant risk of losing all of the money or other property invested. I am aware that it is open to me seek advice from someone who specialises in advising on non-mainstream pooled investments.

High Net Worth Investor

Please read

I make this statement so that I can receive promotional communications which are exempt from the restriction on promotion of non-mainstream pooled investments. The exemption relates to certified high net worth investors and I declare that I qualify as such because at least one of the following applies to me:


Sign up for first access to new developments and exclusive property investment opportunities.

We send limited and targeted emails on new launches and exclusive deals which best fit your areas. We are trusted by over 30,000 active buyers as their source for new stock.

  • New property developments
  • Professional market reports
  • Property deal alerts
  • Development updates
Manchester property investment


Receive trending news straight to your inbox and stay up to date on all of the property market trends and advice.

Established since 2005 we are a leading voice of authority and commentary on the UK property market. Our news is trusted by Apple News & Google News.

  • UK housing market
  • Mortgage & money
  • Buy-to-let landlords
  • Guides & advice

Talk to us

Speak to our UK property experts today:


+44 (0) 333 123 0320

Open from 9am-6pm GMT


+852 6699 9008

Open from 9am-6pm HKT