£125 annual increase ‘in the average monthly rent paid on a newly-let home’

Average rents paid for newly-let homes reached a new high of £1,249 per month in April 2023, according to property agent Hamptons.

The average monthly rent paid on newly-let homes across Britain was £125 or 11.1% higher in April than a year earlier, according to Hamptons (PA) (PA Archive)

The average monthly rent paid on newly-let homes across Britain was £125 or 11.1% higher in April than a year earlier, according to an index.

This typical monthly increase equates to an extra £1,500 being paid per year.

Average rents paid for newly-let homes reached a new high of £1,249 per month in April 2023, according to property agent Hamptons, whose lettings index has been running for just over a decade.