The average private rent in Great Britain came to £1,271 in June, a rise of 8.6% year-on-year, equal to £101.
According to the latest figures from the Office for National Statistics (ONS), the average private rent in England was £1,310 in June. This was up £104 or 8.6% on the same period last year.
The report noted that this was in line with May’s annual increase of 8.6%, but was down from the record-high annual increase of 9.1% in March.
In Wales, the average private rent was £743, an 8.2% or £56 jump from a year earlier. This is down on the 8.5% annual growth reported in May and down from the record-high increase of 9.8% in November.
Looking at Scotland, the average private rent stood at £959, a rise of £74 or 8.4% on the same period last year. This compares with the record high of 11.8% in August 2023.
In Northern Ireland, where data is available up to April, average rents climbed by 10.3% in the 12 months to April. This is below the record high of 10.4% in February.
London rent inflation highest in England
In England itself, London had the highest rates of rent inflation, with annual rent inflation pegged at 9.7%.
This was followed by the North West at 9.5% and the East Midlands at 9.3%.
The North East was at the bottom of the ranking at 5.9%, with the South West coming to 7% and the East of England pegged at 7.3%.
Looking at specific local authorities, in June 2024, the average rent was highest in Kensington and Chelsea in London, at £3,406, with the lowest in Dumfries and Galloway in Scotland at £481.
Barring London, the local area with the highest average rent in June 2024 was Elmbridge in the South East at £1,797.
Looking at Great Britain as a whole, the average private rent was highest for detached properties at £1,469 and lowest for flats and maisonettes at £1,236.
The average private rent was highest for properties with four or more bedrooms, estimated at £1,940, and lowest for properties with one bedroom, pegged at £1,017.
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
