UK Private Rents Rise 3.3% as Inflation Continues to Slow
Average monthly rents across the UK increased to £1,383 in May, up 3.3% annually, down from 3.5% growth in April. Regional differences remain stark, with London seeing the slowest growth at just 2%.
The Office for National Statistics released new data on 17 June showing that private rent inflation across the UK continues to ease, with the annual rate dropping to 3.3% in May 2026 from 3.5% the month before.
Average UK monthly private rent stood at £1,383 in May 2026, with the annual growth rate down from 3.5% in April. The slowdown suggests the rapid rent increases that characterised 2022–2024 are finally moderating, though costs remain well above pre-pandemic levels.
Regional breakdown
Average rents increased to £1,442 (3.4%) in England, £836 (4.7%) in Wales, and £1,009 (1.0%) in Scotland in the 12 months to May 2026. In England, private rent annual inflation was highest in the North East (5.9%), and lowest in London (2.0%).
The slower growth in London — traditionally the UK's most expensive rental market — may reflect affordability constraints finally dampening demand, or a shift in tenant preferences toward cheaper regions.
What this means for you
If you're renting in the UK on a work or study visa, this data suggests rent increases may be smaller when your tenancy renews than they were a year ago, though you're still likely facing an increase. If you're house-hunting, London's slower growth rate may offer slightly better value than it did in 2024–25, while the North East remains the region with the fastest rent rises. Keep regional variations in mind if you have flexibility over where to live.
Sources
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