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.
Average monthly home rental payments in the United Kingdom (UK) from 2008 to 2023
(in GBP)
Characteristic
Average costs in GBP
2023
1,258
2022
1,013
2021
874
2020
821
2019
747
2018
759
2017
754
2016
759
2015
744
2014
720
2013
692
2012
661
2011
653
Created with Highcharts 7.2.2Average costs in GBP6166165615616056056536536616616926927207207447447597597547547597597477478218218748741,0131,0131,2581,2582008200920102011201220132014201520162017201820192020202120222023
02505007501,0001,2501,500
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Lloyds Banking Group. (March 26, 2024). Average monthly home rental payments in the United Kingdom (UK) from 2008 to 2023 (in GBP) [Graph]. In Statista. Retrieved February 20, 2025, from https://www.statista.com/statistics/295967/halifax-average-monthly-costs-of-buying-and-renting-a-property/
Lloyds Banking Group. "Average monthly home rental payments in the United Kingdom (UK) from 2008 to 2023 (in GBP)." Chart. March 26, 2024. Statista. Accessed February 20, 2025. https://www.statista.com/statistics/295967/halifax-average-monthly-costs-of-buying-and-renting-a-property/
Lloyds Banking Group. (2024). Average monthly home rental payments in the United Kingdom (UK) from 2008 to 2023 (in GBP). Statista. Statista Inc.. Accessed: February 20, 2025. https://www.statista.com/statistics/295967/halifax-average-monthly-costs-of-buying-and-renting-a-property/
Lloyds Banking Group. "Average Monthly Home Rental Payments in The United Kingdom (Uk) from 2008 to 2023 (in Gbp)." Statista, Statista Inc., 26 Mar 2024, https://www.statista.com/statistics/295967/halifax-average-monthly-costs-of-buying-and-renting-a-property/
Lloyds Banking Group, Average monthly home rental payments in the United Kingdom (UK) from 2008 to 2023 (in GBP) Statista, https://www.statista.com/statistics/295967/halifax-average-monthly-costs-of-buying-and-renting-a-property/ (last visited February 20, 2025)
Average monthly home rental payments in the United Kingdom (UK) from 2008 to 2023 (in GBP) [Graph], Lloyds Banking Group, March 26, 2024. [Online]. Available: https://www.statista.com/statistics/295967/halifax-average-monthly-costs-of-buying-and-renting-a-property/
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