Monthly rents increase by 3.7 per cent as tenants face 'extremely steep' costs

NewsMoneyEconomyAverage rents increased to £1,45112:24, 19 Aug 2026Monthly rents increase by 3.7% as tenants face 'extremely steep' costs(Image: PA)Monthly rents have increased by 3.7 per cent as tenants face "extremely steep" and rising rents while house price growth slowed to two per cent.‌Average UK monthly private rent increased by 3.7 per cent, to £1,393, in the 12 months to July. The annual growth rate was up from 3.3 per cent in the 12 months to June, new Office for National Statistics (ONS) figures show.‌Average rents increased to £1,451 (3.8 per cent) in England, £843 (4.5 per cent) in Wales, and £1,016 (1.7 per cent) in Scotland in the 12 months to July.‌READ MORE: Former Masonic lodge site in Birmingham set for 165 new homesIn Northern Ireland, average rents increased to £875 (2