The largest and most reliable indicator of rental trends in the UK is here
In November 2017, we released the first ever DPS Rent Index TM. As the largest provider of deposit protection in the UK, we have a unique insight into the Private Rented Sector (PRS). Our database of domestic private rental prices across Britain is the largest of its kind. It's the most reliable indicator of rental trends in the UK. This means it can inform the rental housing market, shape public policy and investor decision-making, in the same way that house price indices do for the owner-occupied housing market.
Made with industry experts you can trust
We want to become thought leaders in the market and create an index that stands up to the highest standards of analysis and scrutiny. Working with leading economists, Professor Joe Nellis and Professor Catarina Figueira to produce the index gives us a trusted voice in the industry.
Since it was first published, the Rent Index has been quoted in Reuters, Property Eye and the New York Times.
A decade's worth of data - simplified
The DPS Rent Index TM contains the average monthly rent in 12 regions of the UK. This is then broken down into the various property types to give a fair view of how much a property costs to rent. There is also information on what percentage of their salary tenants spend on rent. All this came from analysing data from millions of properties across the country over the past decade.
Produced every quarter – keeping you informed
The elements that can make the rental market fluctuate are changing every day. Over the last 10 years, there's been a trend of rents increasing on an annual basis, despite the global financial crisis. This is why every quarter we produce a new rent index to ensure you have the latest data and figures available.
The latest findings
Average monthly rent in the UK now stands at £773, a marginal decrease (£4) on the last quarter of 2019.
Year on year, 2019 has been a year of recovering rent values following the downward trend observed throughout 2018. This is reflected in average rents seeing an increase of £11 in the 12 months from Q4 2018, up from £762. It’s also the year where we saw the highest average monthly rental value of £777 since the Deposit Protection Service launched in 2007.
|Read the full report here|
“Although rents have risen over the past decade, other changes since 2016 have helped ensure renting has become on average more affordable.
“Predictions that rents would rise in response to the introduction of the tenant fees ban and deposit cap do not seem to have materialised, with many landlords seemingly declining to increase rents since last summer.”
Matt Trevett, Managing Director, The DPS
To find out more about the Rent Index, send us your thoughts or suggestions, please head to our contact page here.