The average monthly home rental payment in the United Kingdom (UK) increased steadily since 2008, reaching 1, 258 British pounds in December 2023. In comparison, the average home buying costs amounted to 1,231 British Pounds that year, meaning that homeowners saved 27 British pounds monthly from the difference.

Between 2008 and 2024, the average weekly rent for private renters in England has shown a significant increase. In the 2009, the average rent was 153 British pounds, and by 2024, it had risen to 237 British pounds. Excluding London, the average rent started at 130 British pounds in 2009 and reached 191 British pounds in 2024, demonstrating a similar upward trend but at a lower rate compared to the overall average in England. Rental households in England Renting is common in England. Nearly one in five households occupied a dwelling that was privately rented in 2024. While the majority of households in the country live in an owner-occupied home, this percentage has declined since the early 2000s. Meanwhile, the share of households occupying a private rental has doubled over the past decade. This shows a growing rental sector and a shift in tenure trends in the country. Buying vs renting costs For a long time, the average monthly costs of buying a home were lower than renting. In 2021, housing costs started to increase steeply, closely followed by rental costs. This resulted in the gap nearly closing in 2023. This trend can also be observed through the house price to rent ratio - an index that follows the development of house prices relative to rents, with 2015 as a baseline year. Between 2015 and 2022, the ratio grew steadily, indicating that property prices rise faster than rents. However, with rental growth accelerating and catching up with property prices in 2022, the index declined notably.

This statistic illustrates the share of landlords and real estate agents in England that changed the price of rents to new tenants in 2018. Both landlords (42.5 percent) and real estate agents (50.1 percent) were far more likely to have increased the cost of rent for new tenants in England in 2018. only 6.4 percent of agents had reportedly decreased to price in rent to new tenants.

This statistic shows the average (mean) monthly cost of private sector rents in London, England in the financial year 2018/2019, by area. Kensington and Chelsea had the highest monthly private sector rents of 3,208 British pounds. In comparison, the amount of the average rental cost in London - that year was 1,727 British pounds.

This statistic illustrates the average cost of weekly rents in student housing in London, United Kingdom (UK) in 2018/2019, by room type. It can be seen that studio properties yielded the highest rent at an average of 294 British pounds per week, whilst non en-suite properties cost on average 151 British pounds per week.

Rent Inflation in the United Kingdom decreased to 7.40 percent in February from 7.80 percent in January of 2025. This dataset includes a chart with historical data for the United Kingdom Rent Inflation.

Percentage of total monthly household income that is spent on monthly private rent, by region and country, England, 2012 to 2018.

There is a more recent version, Local Housing Allowance (LHA) Rates per Broad Rental Market Area BRMA, UK 2012-2025 v2.

This dataset contains the weekly Local Housing Allowance (LHA) rates for Broad Rental Market Areas (BRMAs) across the UK from 2012/13 to 2024/25. LHA is a means-tested housing benefit for households in the private rented sector. BRMAs are the spatial units used for the administration of LHA. Since 2011, there have been 200 BRMAs in total (England: 152; Northern Ireland: 8; Scotland: 18; Wales: 23; but note that one BRMA spans England and Wales). LHA rates set the maximum level of housing benefit a household can receive in a given BRMA and is dependent on the size of their property. The dataset also includes estimates of the 30th centile rent for each BRMA as this is calculated separately by the Government agencies as a reference point for LHA.

LHA rates are set from April each year, based on evidence of market rents collected by the relevant government agency in each country. From April 2011, the maximum LHA rate was reduced from the median rent for each BRMA to the 30th centile rent. From 2012 onwards, limits were placed on the annual increases in LHA rates:

• 2012 - no increase;
• 2013 - increase limited to the Consumer Price Index;
• 2014 /2015 - maximum increase 1%;
• 2016-19 - no increases;
• 2020 - rates reset to 30th centile;
• 2021-23 - no increases; and
• 2024 - rates reset to 30th centile.

There are no 30th centile rents for any part of Great Britain for 2012/13 and none for Northern Ireland in 2018. There are a small number of cases where 30th centile rents are missing in some BRMAs, presumably due to insufficient data on which to make a market assessment.

Details on sources and method of contruction here: https://github.com/nick-bailey/LHA-rates-for-BRMAs.

In 2022, house price growth in the UK slowed, after a period of decade-long increase. Nevertheless, in August 2024, prices reached a new peak, with the average home costing close to 290,000 British pounds. That figure refers to all property types, including detached, semi-detached, terraced houses, and flats and maisonettes. Compared to other European countries, the UK had some of the highest house prices. How have UK house prices increased over the last 10 years? Property prices have risen dramatically over the past decade. According to the UK house price index, the average house price has grown by over 50 percent since 2015. This price development has led to the gap between the cost of buying and renting a property to close. In 2023, buying a three-bedroom house in the UK was no longer more affordable than renting one. Consequently, Brits have become more likely to rent longer and push off making a house purchase until they have saved up enough for a down payment and achieved the financial stability required to make the step. What caused the decline in house prices in 2022? House prices are affected by multiple factors, such as mortgage rates, supply, and demand on the market. For nearly a decade, the UK experienced uninterrupted house price growth as a result of strong demand and a chronic undersupply. Homebuyers who purchased a property at the peak of the housing boom in July 2022 paid 14 percent more compared to what they would have paid a year before. Additionally, 2022 saw the most dramatic increase in mortgage rates in recent history. Between December 2021 and December 2022, the 10-year fixed mortgage rate doubled, adding further strain to prospective homebuyers. As a result, the market cooled, leading to a correction in pricing.

Abstract copyright UK Data Service and data collection copyright owner.

The English Private Landlord Survey (EPLS) is a national survey commissioned by the Department for Levelling Up, Housing and Communities (DLUHC). It surveys private landlords and letting agents in England, and collects information about their circumstances, their properties, their tenants, and the possible impact of legislative and policy changes in the sector. The aim of the EPLS is to inform government understanding of the characteristics and experiences of landlords and how they acquire, let, manage and maintain privately rented accommodation.

Although the EPLS explores similar issues to previous government private landlord surveys, carried out in 2001, 2003, 2006 and 2010 (the 2010 study is available under SN 7114), it uses a new method and approach. Whereas previous surveys used face-to-face and telephone interviews with the sample drawn from the English Housing Survey, the EPLS uses an online survey with the sample drawn from landlords and agents with deposits registered with one of the three government-backed Tenancy Deposit Protection (TDP) schemes.

More information about this survey can be found on the GOV.UK English Private Landlord Survey webpage.

The English Private Landlord Survey, 2018 is an online survey of almost 8,000 landlords and agents all of whom are registered with one of the three government-backed Tenancy Deposit Protection (TDP) schemes.

Main Topics:
The questionnaire included questions about the landlord, the rental property and tenants, rental practice, rents and deposits, benefits and rent arrears, tenancies that ended, the landlord journey, future plans, landlord and agent concerns, finances and taxation and energy efficiency and safety.

The Price Index of Private Rents (PIPR) increased gradually since 2015 and reached a value of 121.8 in January 2025. That indicates a rental increase of 11 percent since January 2023, the baseline year when the index was set to 100. The rental rates for mainstream properties are forecast to continue to grow over the next five years.

This statistic presents a ranking of prime retail street locations in the United Kingdom based on the cost of rent as of June 2018. Of the London locations, New Bond Street has the highest rental rate at 16,071 euros per square meter per year. New Bond Street was followed by Covent Garden in London, of which rental rate was 8,072 euros per square meter per year.

Affordability ratios calculated by dividing house prices by gross annual workplace-based earnings. Based on the median and lower quartiles of both house prices and earnings in England and Wales.

United Kingdom GDP: HCE: Domestic: Housing: Actual Rentals (AR) data was reported at 22,284.000 GBP mn in Mar 2018. This records an increase from the previous number of 22,031.000 GBP mn for Dec 2017. United Kingdom GDP: HCE: Domestic: Housing: Actual Rentals (AR) data is updated quarterly, averaging 7,999.000 GBP mn from Mar 1985 (Median) to Mar 2018, with 133 observations. The data reached an all-time high of 22,284.000 GBP mn in Mar 2018 and a record low of 2,275.000 GBP mn in Mar 1985. United Kingdom GDP: HCE: Domestic: Housing: Actual Rentals (AR) data remains active status in CEIC and is reported by Office for National Statistics. The data is categorized under Global Database’s UK – Table UK.A011: ESA 2010: GDP: Household Consumption Expenditure: Current Prices.

The global furniture rental service market size reached US$ 72.5 billion in 2022. Revenue generated by furniture rental services sales is likely to reach US$ 80.1 billion in 2023. Sales are poised to soar by 9.0% CAGR over the forecast period between 2023 and 2033. Demand is anticipated to total US$ 190 billion by 2033.

Attributes	Key Insights
Furniture Rental Service Market Estimated Size (2023E)	US$ 80.1 billion
Furniture Rental Service Market Projected Valuation (2033F)	US$ 190 billion
Value-based CAGR (2023 to 2033)	9.0%

Historical Performance of Furniture Rental Service Market

Historical CAGR of Furniture Rental Service Market (2018 to 2022)	12.7%
Historical Value of Furniture Rental Service Market (2022)	US$ 72.5 billion

Country-wise Insights

Country	Projected Value (2033)
United States	US$ 33.4 billion
United Kingdom	US$ 7.3 billion
China	US$ 28.5 billion
Japan	US$ 18.7 billion
South Korea	US$ 11.9 billion

Category-wise Insights

Category	Wood
Value-based CAGR (2023 to 2033)	8.8%

Category	Commercial
Value-based CAGR (2023 to 2033)	8.5%

Scope of the Report

Attribute	Details
Estimated Market Size (2023)	US$ 80.1 billion
Projected Market Valuation (2033)	US$ 190 billion
Value-based CAGR (2023 to 2033)	9.0%
Forecast Period	2023 to 2033
Historical Data Available for	2018 to 2022
Market Analysis	Value (US$ billion/million) and Volume (MT)
Key Regions Covered	Latin America, North America, Europe, South Asia, East Asia, Oceania, and Middle East & Africa
Key Countries Covered	United States, Mexico, Brazil, Chile, Peru, Argentina, Germany, France, Italy, Spain, Canada, United Kingdom, Belgium, Nordic, Poland, Russia, Japan, South Korea, China, Netherlands, India, Thailand, Malaysia, Indonesia, Singapore, Australia, New Zealand, GCC Countries, South Africa, Central Africa, and others
Key Market Segments Covered	Material Application Region
Key Companies Profiled	Feather, Aaron’s LLC Rent-A-Center Brook Furniture Rental Inc. The Everset

United Kingdom TE: Uses: API: PI: Rent data was reported at 462.000 GBP mn in Mar 2018. This records an increase from the previous number of 452.000 GBP mn for Dec 2017. United Kingdom TE: Uses: API: PI: Rent data is updated quarterly, averaging 360.000 GBP mn from Mar 1987 (Median) to Mar 2018, with 125 observations. The data reached an all-time high of 634.000 GBP mn in Mar 2001 and a record low of 56.000 GBP mn in Jun 1992. United Kingdom TE: Uses: API: PI: Rent data remains active status in CEIC and is reported by Office for National Statistics. The data is categorized under Global Database’s UK – Table UK.AB023: ESA10: Resources and Uses: Total Economy: Primary Income.