With average private rents in England reaching £906 a month per household in 2023, it's no surprise that housing costs are one of your biggest budget items. We took a deep dive into rental costs statistics from Gov.uk to learn more about rents depending on where you live, your age, and your type of household (e.g., single person, couple, family, etc.). We also looked at average rent deposits and fees. Here's what we found.
- Average Cost of Renting UK
- Average rent deposit UK
- Average rent fees UK
Average Rental Prices in the UK
According to NimbleFins analysis of official data, the average rental cost in the UK is now £954 a month per household for private renters and £484 for social renters (that is, local authority and housing association accommodation).
This number (i.e., the "average") is skewed on the high side by those paying very high rents, for instance in London. For that reason it's also useful to look at the median. The median is the midpoint so half of renters pay more than the midpoint and half pay less—therefore this figure can better reflect "typical" rental costs and is typically lower than the average. The median monthly rent in the UK is £789 for private renters and £443 for social renters.
Average UK Rent Cost, Weekly and Monthly
|How Much is Rent in the UK?||Social Renters||Private Renters|
|Weekly||Median (Half of people spend more, half less)||£102||£182|
|Monthly||Median (Half of people spend more, half less)||£443||£789|
Renters who take out contents insurance should budget another £10 or so a month to protect their possessions from perils like fire, flood and theft—buying your own contents insurance is critical because your landlord's insurance won't usually cover your personal belongings.
Note, the data in this article uses official 2021/2022 data that we adjusted upwards by inflation rates for private rentals from July 2022 to July 2023 of 5.3%.
Average Rent by Household Type
People with no dependent children who rent privately pay an average of £935 per month for rent, while those with at least one dependent child pay an average of £990 per month (that's an extra £55 per month for the kids).
Fully employed people generally pay more than the unemployed, as you can see in the table below. But of those living in social housing, some unemployed people are paying more than fully-employed people.
|Average UK Rent for Single People, Couples and Families||All Social Renters||Private Renters|
|no dependent children||£465||£429||£935||£763|
|at least one dependent child||£524||£474||£990||£801|
|receives housing support||£483||£434||£900||£731|
|does not receive housing support||£485||£452||£972||£790|
Average Rent by Age
The age group paying the most for rent per household is 16 to 24 year olds, who pay an average of £1,142 a month for privately-rented housing in England. The rental cost figure for this age group is so high because it reflects multiple single adults sharing a house or flat—this type of household pays the highest price for rent in England. In addition, this age group finds renting the least affordable—that is, 16 to 24 year olds spend the highest proportion of their income on rent.
It's a different story among social renters, where 35 to 44 year olds pay the most—£515 a month on average.
|Average UK Rent by Age, per household||All Social Renters||Private Renters|
|age of HRP||average||median||average||median|
|65 or over||£440||£418||£688||£617|
Average Rent by Region
Renters in the North East pay the least for housing, whether they live in social or private accommodation. In fact, private renters in the North East pay 40% less than the average private rent in England; social renters pay 21% less than average. The average monthly rent in the North East is £576 for private renters.
Not surprisingly, renters pay the most in London where the average monthly rent is £1,615. In the capital, private rental prices are 69% higher than the English average and social rental prices are 33% higher than average.
|Average Rent by Region of England||All Social Renters||Private Renters|
|Yorkshire and the Humber||£404||£390||£591||£548|
Average Rent per Week
While the average rent per week in England is £112 pw for social renters and £220 pw for private renters, rent prices vary be a number of factors. Here is a recap of average weekly rents across different types of households (e.g., no kids, kids, employment, etc.), ages and regions.
|Average Weekly Rent UK, per household||Social Renters||Private Renters|
|no dependent children||£107||£216|
|at least one dependent child||£121||£229|
|receives housing support||£111||£208|
|does not receive housing support||£112||£224|
|16-24 years old||£119||£264|
|25-34 years old||£115||£223|
|35-44 years old||£119||£227|
|45-54 years old||£112||£207|
|55-64 years old||£106||£177|
|65 or over||£101||£159|
|Yorkshire and the Humber||£95||£139|
Average Rent per Month
While the average rent per month in England is £465 pcm for social renters and £935 pcm for private renters, rent prices vary be a number of factors. Here is a recap of average monthly rents across different types of households (e.g., family with and without kids, employment, etc.), ages and regions.
|Average Monthly Rent UK, per household||Social Renters||Private Renters|
|no dependent children||£465||£935|
|at least one dependent child||£524||£990|
|receives housing support||£483||£900|
|does not receive housing support||£485||£972|
|16-24 years old||£514||£1,142|
|25-34 years old||£499||£968|
|35-44 years old||£515||£985|
|45-54 years old||£487||£898|
|55-64 years old||£459||£768|
|65 or over||£440||£688|
|Yorkshire and the Humber||£413||£604|
How Much is a Rental Deposit?
The average rental deposit in the UK is at least four weeks of rent. In fact, nearly half (48.8%) of households pay four weeks or one calendar month of rent. Another 39.4% of renters are asked to pay a deposit of more than four weeks of rent. Just 11.8% of households who rent pay three weeks or less as a deposit.
|Average Rental Deposit UK|
|Less than one weeks rent||2.7%|
|One weeks rent (up to two weeks rent)||2.7%|
|Two weeks rent (up to three weeks rent)||3.0%|
|Three weeks rent (up to four weeks rent)||3.3%|
|Four weeks rent/one calendar months rent||48.8%|
|More than four weeks rent||39.4%|
How Much are a Rental Fees?
In England, 55% of renters don't pay any fees—but the other 45% do pay fees. How much are rent fees, and where do they go? Let's take a look.
It's most common for renters in England to pay between £200 and £300 in rental fees; and average rental fees are in the region of £300. However, there's a wide range in rental fees in the UK—13.4% of renters pay under £100 in fees while 12.2% pay £500 or more.
|Percentage of Renters Paying This Much in Fees|
|less than £100||13.4%|
|£100 to less than £200||25.8%|
|£200 to less than £300||23.7%|
|£300 to less than £400||18.4%|
|£400 to less than £500||6.6%|
|£500 or more||12.2%|
Most common are admin fees, followed by finders fees and holding fees. The majority of holding fees are non returnable.
|Percentage of Renters Paying Fees|
|Admin fee (non returnable)||61.2%|
|Finders fee (non returnable)||33.0%|
|Holding fee (non returnable)||9.2%|
|Holding fee (returnable)||3.9%|
The average council house rent (i.e., local authority) is £90 a week or £390 a month per household. Housing association rent is £98 a week or £425 a month on average.
The average private rent in England is £200 a week or £868 a month. Social renters pay an average of £102 a week or £442 a month.
The average London household pays £1,480 a month in rent (£341 a week). While rents in some areas are exceptionally high, half of London households pay under £682 a month (£157 a week). These figures reflect private renters. Social rents in London are around 62% lower on average.
Rent fees range from £0 to over £500, with most renters paying just under £300 in fees (most of which are "admin").
In England, nearly all renters pay 4 weeks of rent/one calendar month or more. See more rent deposit figures here.
In the past ten years, private rents in England have increased 31%, or roughly 3% per year. (Social rents have increased 44% over the same time period, or around 4.4% a year.) Landlords can only increase rent as laid out in your tenancy agreement.
To arrive at the figures in this study we anaylsed data from the English Housing Survey 2018-19 from Gov.uk. Please note, the rent figures discussed in this study are per household not per person.