HomeLet Rental Index

February 2017 data

  • Average rents in the UK continue to see a slower rate of rental growth compared to last year
  • The average UK rental value was £895pcm - this is 0.8% higher than the same period last year (£888pcm)
  • The average rental value in Greater London is £1,520pcm - this is 0.4% higher than the same period last year
  • Since July 2016, rents in Greater London have seen a slower pace of annual growth compared to last year
  • HomeLet’s annual landlord survey highlights more than half feel they need to raise rents within the next 6 to 12 months
  • 76% of landlords have no intention of expanding their property portfolio in 2017
  • 96% of landlords are happy with their current tenants

Latest press release: Rental price inflation continues to slow, despite rising costs

Rental price inflation in the UK has now fallen below the general rate of inflation, the latest data from the HomeLet Rental Index reveals, as landlords peg rents affordable for their tenants.

> Read the latest press release

HomeLet Martin Totty Quote Feb 17

Landlord market survey 2017

Our recent survey of UK landlords received 3,726 responses and provides a detailed insight on landlords views and experiences of the private rented sector. Landlords were asked for their views on the UK’s rental market, their experiences with their tenants and their expectations for the year ahead. This included any plans they had to increase rents and what the reasons were for any increases.  

Do you plan on increasing the rental amount on any of your rented properties?

HomeLet Landlord Survey 2017 Rent increases

View the full survey results 

Rental figures from the February HomeLet Rental Index

The table below provides a regional breakdown of the latest average rental values in the UK.


Average rent in February 2017
Average rent in January 2017
Average rent in February 2016
Monthly variation
Annual variation
Yorkshire & Humberside






Northern Ireland






North West












East Midlands






West Midlands






East of England






Greater London






North East






South West






South East


















UK excluding Greater London







Based on new tenancies in February 2017

Based on new tenancies in January 2017

Based on new tenancies in February 2016

Comparison of average rent in February 2017 and January 2017

Comparison of average rent in February 2017 and February 2016

Regional data 

You can use our interactive graphs to view the change in rental values over the past two years for each of the reported regions of the UK. 

Scotland Northern Ireland North East North West Yorkshire & Humberside East Midlands West Midlands Wales East of England London South East South West


The HomeLet Rental Index incorporates a methodology redesigned in conjunction with a professor at the London School of Economics. The updated methodology factors in important elements, such as property type and geography, to create mix adjusted averages. This makes Britain’s most comprehensive rental market benchmark even more insightful. The new methodology has been applied retrospectively to our historical rental market data to ensure that the Rental Index can continue to be used to provide analysis of trends in the private rental sector.  

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For information regarding the HomeLet Rental Index please email rentalindex@homelet.co.uk

For media enquiries relating to the HomeLet Rental Index please email mediaenquiries@homelet.co.uk

About HomeLet Rental Index

The index and average prices are produced using HomeLet’s mix adjusted rental index methodology. This helps to track the representative rental values over time, which factor in changes in the mix of property types and locations of rented properties.

Data is gathered from our tenant referencing service, and our rental amounts are based on actual achieved rental prices with accurate tenancy start dates in a reported month, rather than advertised costs. The data used in the HomeLet Rental Index is aggregated to regional, county and city level only. This ensures that all property or individual records remain strictly anonymous.

The HomeLet Rental Index is prepared from information that we consider is collated with careful attention, but we do not make any statement as to its accuracy or completeness. We reserve the right to vary our methodology and to edit or discontinue this report. The HomeLet Rental Index may not be used for commercial purposes; we shall not be liable for any decisions made or action taken in reliance upon the published data.