The index also provides a breakdown of average rents by country in the UK. The data reveals that the average rent for England was £1293 in April 2024, up 8.9% annually or £106 in cash terms. This is down from 9.1% the previous month, which was a record-breaking increase.
The average rent for Wales was found to be £730, an increase of 8.2% or £55.
Rents in Scotland have shown the highest rate of increases in recent years due to the in-tenancy price-increase cap, which has led landlords to apply steep increases to rental prices for new lets.
The average rent in Scotland was £952 in April 2024, which is up 10%, or £87, from a year earlier.
Further Reading: Our expansive market guides will help you learn more about stamp duty in Wales and how much stamp duty is in Scotland!