Average rents across the UK continued to rise in July, although the pace of growth suggests the rental market is beginning to settle as the summer period progresses.
According to the latest HomeLet Rental Index, the average monthly rent reached £1,369 in July 2026. This represents a 1.2% increase compared with June’s average of £1,353, while annual rental growth stands at 4.3%, up from £1,313 recorded in July 2025.
Rental Prices Continue to Climb Across the UK
Excluding Greater London, the average monthly rent across the rest of the UK increased to £1,170 in July.
This was 1.1% higher than the previous month’s figure of £1,157 and 3.4% above the level recorded a year earlier.
Meanwhile, renters in the capital continue to face the country’s highest housing costs. Average monthly rents in Greater London climbed to £2,207, marking a 1.2% monthly increase and an annual rise of 6.0% — the strongest regional growth across the UK.
Most Regions Recorded Monthly Increases
Rental prices continued to edge upwards across almost every part of the country during July, with 11 out of 12 regions reporting month-on-month growth.
Scotland experienced the largest monthly increase, with rents rising 2.6%, followed by:
- South East: up 1.4%
- North East: up 1.3%
- North West: up 1.3%
Northern Ireland was the only region to record a slight monthly decline, with average rents falling 0.5% compared with June.
London Remains the Strongest Performing Region
Looking at annual growth, Greater London continues to lead the market with rents increasing 6.0% over the past year.
Other regions also recorded healthy annual growth, including:
- East Midlands: up 4.7%
- Scotland: up 4.1%
- North East: up 4.0%
The figures indicate that rental demand remains resilient across much of the UK, despite affordability pressures and wider economic uncertainty.
Demand Continues to Support Rental Prices
Mike Dawson, Head of Sales at HomeLet and Let Alliance, said the latest figures reflect a market where demand for quality rental homes remains consistently strong.
He noted that rents continue to rise gradually across most regions, with London and parts of the Midlands showing particularly robust annual growth.
Although rental inflation appears to be moderating compared with previous peaks, limited housing supply and sustained tenant demand continue to place upward pressure on rents across much of the country.
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