Read the latest quarterly Rental Trends Tracker
Headlines from the April report:
Average advertised rents remain flat:
- Average advertised rents outside of London remained flat at £1,370 per calendar month in Q1 (0.0% versus Q4 2025)
- The first time since 2017 that there has been no rise from Q4 to Q1
- Average advertised rents in London rose by 0.7% this quarter to £2,736pcm
- Average rents outside of London are still 1.6% higher than this time last year, though this is the lowest this figure has been since 2018
No major changes to market dynamics, ahead of the Renters’ Rights Act coming into effect:
- The total number of available homes to rent is now 3% higher than a year ago (the highest level for this time of year since 2021)
- The average rental home now receives 8 enquiries, down from 11 a year ago and 29 at the 2022 peak
- Although this is still higher than the average of 5 seen pre-pandemic
- More than a quarter (26%) of rental listings saw a price reduction in Q1
- There was a small uptick in new buy-to-let loans in January, and an 18% uplift in buy-to-let remortgages year-on-year (before recent rate rises)
Increasing cost pressures for landlords:
- Rightmove’s daily buy-to-let mortgage tracker highlights how rates have increased since the start of the war in Iran
- The average two year buy to let mortgage rate for a landlord purchasing a rental property with a 25% deposit is now 5.79%
- Before the war in Iran started the average two year rate for a landlord purchasing a rental property with a 25% deposit was 4.86%
For more details, including regional trends in price, yield, supply and demand, read the full report:
The rental market at-a-glance:
“Ahead of the Renters’ Rights Act coming into force, the data doesn’t suggest a single or immediate reaction from landlords. Instead, behaviour appears more cautious and considered, with many focusing on long term tenancies, pricing and avoiding void periods in a more balanced market. It’s still early days, but the most immediate shift due to the war in Iran has been some significant increases to borrowing costs for landlords, which may filter through to the market at a later stage.”
Colleen Babcock, Rightmove’s property expert
Rightmove Tools for Letting Agents
You now get additional info in all your rental enquiries and free soft-credit checks with Enquiry Manager.
A comprehensive reference, ordered in one click from within Rightmove Plus, our end-to-end tenancy management system.
With three policy types available from Rightmove Landlord and Tenant Services, you can protect your management fee income, your landlord’s rental income or both. It’s up to you.
Our unique end-to-end system allows you to manage your entire tenancy progression in one simple system.