UK Housing: Average weekly rent of private renters in England 2008-2019

Renting is common in England. Approximately one in five households occupied a dwelling that was privately rented in 2019. Multiple factors can influence the decision to rent or purchase a home such as affordability of housing and access to mortgages. Another question to ask is, is it cheaper to rent or to buy?

Cost of rent


Between 2008 and 2019, the average weekly rent for private renters in England increased from 153 British pounds to 200 British pounds. Nevertheless, rents vary widely across England. Looking at the average rent in England excluding London, renting cost almost 40 British pounds less.

Buying vs renting costs


From 2010 to 2019, the average monthly costs of buying a home were lower than renting it. The renting versus buying gap fluctuated during the period and in 2019, it reached its lowest value since 2010 of 19 British pounds. As of the fourth quarter of 2019, the house price to rent ratio was approximately 113 percent.

Average (mean) private weekly rent in England from 2008/2009 to 2018/2019

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Source

Release date

January 2020

Region

United Kingdom (England)

Survey time period

2008/2009 to 2018/2019

Special properties

all households paying rent

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Statistics on "Residential rental market in the United Kingdom (UK)"

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