UK rents climbed to a fresh record high in September, reaching an average of £1,343 per month, according to the latest HomeLet Rental Index.
The 1.1% monthly rise reflects ongoing strain in the private rental sector, where demand continues to outstrip supply. The figures come as the Renters’ Rights Bill moves closer to becoming law, adding to uncertainty across the market.
Rents outside London remained relatively flat, edging up just 0.1% to £1,141, but several regions still saw sharper fluctuations.
In the capital, volatility persisted. London rents surged 3.3% on the month, with average prices hitting £2,199—highlighting growing pressure in one of the UK’s most competitive rental markets.
Key data:
Average UK rent: £1,343 (+1.1% MoM, +0.9% YoY)
UK excluding London: £1,141 (+0.1% MoM, +1.5% YoY)
Largest monthly changes:
Greater London: +3.3%
Northern Ireland: +1.7%
Scotland: -1.7%
Annual changes:
Yorkshire & Humberside: +3.8% growth
Greater London: -0.1% YoY
North East: – 1.9% YoY
Will Eastman, head of legal at HomeLet and Legal for Lettings, said: “Rents are continuing to slowly increase, and the market remains very evenly balanced. The Renters’ Rights Bill is drawing closer, and while its aims are well-intentioned, the pace and scale of change, combined with rising costs, are forcing many landlords to reassess their long-term plans.
“That uncertainty risks constraining supply while demand remains strong. Tenants are also dealing with a difficult cost-of-living situation, making affordability a real, ongoing concern.”
Rental market shows signs of cooling post-record summer
