YEAR-ON-YEAR RENTS UP 3.2%

In June 2025, the average rent per property in England was £1,265. This is 3.2% higher than June 2024’s figure of £1,225. This equates to an increase of £39 per month (or £468 per year) for tenants. However, May’s year-on-year rise of 3.2% is slightly lower than May’s figure of 3.7%.

At a regional level, Greater London recorded the biggest year-on-year rent rise of over 5.4%. At the other end of the scale, the West Midlands recorded an annual rise of only 0.8%.

It was good news for tenants during June, with average salaries of those signing new leases rising month-on-month. Overall, average salaries were up 0.8% in Junes - growing from May’s £37,676 to £37,990. Salaries are up by 3.23% year-on-year.

MONTH-ON-MONTH RENTS SEE BIGGEST RISE OF 2025

Rents rose during June, with price increases recorded in all but three regions of England. The average rent of a new tenancy is now £1,265, up from £1,226 in April - a rise of almost 3.6%. This is the biggest rental cost rise recorded by the Index in 2025 so far.

The most significant swing was recorded in the South West, where rents were up by 14.9%. This was followed by Greater London, which saw a 3.9% rise in costs.

All regions recorded an increase in average rents, with the exception of the East Midlands where prices dipped by 1.8%, the West Midlands where prices dipped by 1.9%, and the South East where prices stayed steady.

VOIDS DROPPED TO 20 DAYS

For the first time in four months, voids shortened; dropping to 20 days.

However, it was a decidedly more mixed picture at regional level. Across the East Midlands, South West, and Greater London, voids shortened as tenant demand spiked.

At the same time, voids lengthened in the West Midlands (up 3.8%) and in the North West (up 10%).

WILLIAM REEVE, CEO OF GOODLORD, SAYS:

“The data is showing us two really interesting forces at play. On the one hand, we’re seeing rents hotting up as we enter summer - all signs point to there being a new rental price record set this season. However, on the other hand, the narrowing of the year-on-year rental rises shows us that some of the long-term heat is starting to seep out of the system.

“This could be an early indication that supply and demand is beginning to recalibrate, although the upcoming passing of the Renters’ Rights Bill - which is unpopular with landlords - could potentially spark a buy-to-let sell off that tips the balance back in the other direction.”